Live data from Hacker News

Why Are Some Societies More Entrepreneurial than Others?

papers.ssrn.com

11–20 of 125 posts

Re: Why Are Some Societies More Entrepreneurial than Others?

#11

The submitted url just copy/pastes the abstract from the paper. Here’s where it lives: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3449762

The paper does not seem to have any of the data intact. It just says "Insert figure 1 here", etc. Perhaps I'm missing something, but it doesn't seem very useful as it is. The paper makes some claims, but I found it very difficult to follow the reasoning.

> It just says "Insert figure 1 here"

This is how virtually every pre-print is formatted. Scroll to the bottom and you will find all of the tables & figures.

Laying out the paper is for the journal to do.

Re: Why Are Some Societies More Entrepreneurial than Others?

#12

Could somebody explain the conclusions in laymans terms?

The author contrasts two different types of explanation for entrepreneurship -- institutional or cultural. "Institutional" means that the country has institutions that make entrepreneurship easy. The author argues that these are not sufficient, and that the key difference is social norms.

Re: Why Are Some Societies More Entrepreneurial than Others?

#14
There's a good book on this called "Why Nations Fail," [1] they posit that extractive economic policies (corrupted governments) essentially de-incentivize entrepreneurial businesses, while inclusive policies cause them to thrive.

They use this argument to counter "Guns, Germs, and Steel" [2] to explain dramatic economic differences across country borders in similar environments.

[1] https://www.goodreads.com/book/show/12158480-why-nations-fai...

[2] https://www.goodreads.com/book/show/1842.Guns_Germs_and_Stee...

Re: Why Are Some Societies More Entrepreneurial than Others?

#15

Could somebody explain the conclusions in laymans terms?

The author contrasts two different types of explanation for entrepreneurship -- institutional or cultural. "Institutional" means that the country has institutions that make entrepreneurship easy. The author argues that these are not sufficient, and that the key difference is social norms.

Oliver Williamson and the "New Institutional Economics" school came up with a four-layer model explaining that real-time/day-to-day economic activity is influenced by contracts (time frame: months to years) which in turn are influenced by institutions, laws, etc. (time frame: years to decades) which in turn are influenced by things like culture and religion (time frame: centuries).

Re: Why Are Some Societies More Entrepreneurial than Others?

#18
post #5

I think it has something with redemption and new identities. I think societies that allow reboots lead to greater risk taking. Also capital and risk distribution. I visited Amsterdam and was interested in their history and how it took off after the invention of the corporation. Corporations can end and the knowledge from them can go into a new venture (redemption). They can also raise capital through distributed owne…

> I visited Amsterdam and was interested in their history and how it took off after the invention of the corporation.

I wonder if anyone has written a history of the Dutch economy that can be also accessible to non-Dutch readers (i.e. translated to either English or French or Spanish). From a very outside view (i.e. mine) the Dutch used to be a very entrepreneurial society/people in the 1600s going into the 1700s, but it seems that by the 1800s that spark had gone. They're of course still one of the most developed nations in Europe and in the world, but it looks like in terms of risk-taking they're the same as us, the rest of the Europeans, i.e. behind the Americans and I'd say even the Chinese.

As a similar example the Italian economic historian Carlo Cipolla was blaming the wars and the associated pests/famines of the early 1600s for Italy's towns' fall into economic irrelevance. Not sure if they're easily accessible on the Internet, but in one of his books [1] he presents some charts where the population of entrepreneurial Italian cities of that time such as Firenze, Venice, Brescia, Lucca or Bergamo felt by more than 50% during 1600-1630 (give or take), which caused them not to be able to compete against Flemish and especially English clothes-related industry. I wonder if anything similar happened to the Dutch.

[1] https://www.amazon.com/Before-Industrial-Revolution-European...

Re: Why Are Some Societies More Entrepreneurial than Others?

#19
A day or two ago there was a comment on HN about the differences between eastern and western societies regarding entrepreneurship and/or motivations (the west is driven by events while the east is driven by its location). I am pretty sure there's a link between that comment and that submission but I can't find the original comment at the moment.

Re: Why Are Some Societies More Entrepreneurial than Others?

#20
This is a topic that's particularly interesting to me because there's an ethnic group in my country - the Igbo - that are so pervasively, aggressively[0] entrepreneurial that it's become a meme. I can't really think of another culture that has business woven as tightly into its very bones - I haven't read the entire paper yet, but I'm curious to see if it mentions them at all.

[0] In a good way. Several people have noted that the Igbo pretty much invented venture capital.

Post reply on HN