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The Power of Combination: Three Unpopular Truths about Civic Entrepreneurship

In: Social Culture and High-Tech Economic Development

Author

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  • Fred Phillips

    (IC2 Institute, University of Texas)

Abstract

In the 1980s — yes, that recently! — a University of Texas economics professor told students there are only three routes to wealth: sit on natural resources, buy undervalued stock, or exploit peasants. He never dreamt of mentioning “to create highly valued stock by innovation and entrepreneurship.”1 To think of such a thing still requires a rare mindset, one that is found with relative infrequency outside the United States and only regionally within this country.

Suggested Citation

  • Fred Phillips, 2006. "The Power of Combination: Three Unpopular Truths about Civic Entrepreneurship," Palgrave Macmillan Books, in: Social Culture and High-Tech Economic Development, chapter 9, pages 75-79, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59724-2_10
    DOI: 10.1057/9780230597242_10
    as

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