CEE guest speaker Dr. Alexei Marcoux gives a short lecture on different conceptions of entrepreneurship in the video below:

Ken Phillips, in an article for Independent Contractors Australia, analyzes the failure of Australian government programs to nurture more entrepreneurship and innovation. The problem, he says, is that society is structured in a way that discourages self-employment. This decreases the amount of innovation in society because the experience of self-employment engenders a psychology of innovation. The self-employed person must constantly come up with new, creative ways to please clients. Phillips contrast self-employment to standard employment, which fosters a psychology of obedience to superiors and thus a lack of creative thinking.

Read the article here.

Growthology‘s Tim Kane wonders what Schumpeter would think about the changing face of innovation promotion: “If Schumpeter had lived to see the development of the IT revolution, the Internet, and google, what would he have thought? He probably would be incredibly encouraged to see the acceleration of innovation and the constant re-spawning of innovative small firms. This is the start-up culture, and my sense is that it is the one big idea Schumpeter missed.”

At RealClearPolitics, Carl Schramm briefly contrasts Keynes’s, Galbraith’s, and Schumpeter’s views on economics and the role of entrepreneurship.