Evolution and the growth process
Subtitle: natural selection of entrepreneurial traits
By: Oded Galor, Stelios Michalopoulos
Contributors: Michalopoulos, Stelios; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17075; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17075.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies.  The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history.  In early stages of development, risk-tolerant, growth promoting traits generated an evolutionary advantage and their increased representation accelerated the pace of technological progress and the process of economic development.  In mature stages of development, however, risk-averse traits gained an evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth across countries"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/18/2011.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.