Entrepreneurship: Shaping Societal Progress or Fueling Destructive Forces?
Entrepreneurs in society can either contribute positively by creating new things or negatively by engaging in unproductive activities like seeking rent or crime. The amount of productive entrepreneurship in a society depends on how much it rewards productive activities. Policies can influence the type of entrepreneurship more than the number of entrepreneurs. Evidence from ancient Rome, early China, and Europe shows that the way society rewards entrepreneurship affects its impact.