The Republic of Entrepreneurs: A Global History of Discovery, Diffusion, and Growth

Heng-Fu Zou ()

No 801, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: We propose a historical political-economy of the republic of entrepreneurs: a civic order where open entry, impersonal law, price signals, and lawful imitation convert dispersed conjectures into growth. Grounded in the Mises-Hayek-Kirzner view (monetary calculation, dispersed knowledge, entrepreneurial discovery) and spanning cases from antiquity to Industry 4.0, we show prosperity tracks proposal density, feedback speed, and dif fusion breadth-not elite R&D alone. Reframing Schumpeter, sustained enrichment is chiefly creative accumulation under general rules. Policy follows: protect the commons of discovery-general rules, interoperable standards, contestable markets, and IP that teaches and expires.

Pages: 32 pages
Date: 2025-11-01
New Economics Papers: this item is included in nep-ent, nep-mac and nep-sbm
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