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July 26, 2007

An Entrepreneurial Truth

I just finished watching the new documentary The Call of the Entrepreneur, which will be released later this summer by the Acton Institute, and it is every bit as good as the trailer (see video) made it appear to be.

It's the kind of documentary that Sam Davidson at Remarkablog would enjoy, judging from this post of his today titled "Be an entrepreneur or die."

I just finished reading Thomas K. McCraw's short piece in the new Inc. magazine. He profiles Jospeh Schumpeter, "one of the most astute business thinkers who ever lived." I had never heard of him until this morning, but McCraw's book about him is now on my wish list.

Schumpeter was a very early advocate of entrepreneurship, believing that individual invention was what powered a capitalist economy, and not the role (or non-role) of the government. McCraw points out that while Schumpeter's ideas didn't immediately catch on in the first half of the 20th century, he now looks like a genius.

Jeff Corwnwall at the Center for Entrepreneurship in Nashville is working with Acton to schedule a Nashville screening. My short review on it is this: Economics is decreasingly taught in America's high schools, but they don't have to bring it back - they just need to show this 90-minute film. It's Economics 101 presented in highly informative, entertaining and even inspirational way.


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