The Power of Combination: Three Unpopular Truths about Civic Entrepreneurship

Fred Phillips ()
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Fred Phillips: IC2 Institute, University of Texas

Chapter 9 in Social Culture and High-Tech Economic Development, 2006, pp 75-79 from Palgrave Macmillan

Abstract: 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.

Keywords: Foreign Direct Investment; Product Concept; Advance Technology Program; Entrepreneurial Company; Technology Entrepreneurship (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59724-2_10

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DOI: 10.1057/9780230597242_10

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