“The notion that our productivity problems reside in "the spirit of entrepreneurship" that waxes and wanes for unexplained reasons is a counsel of despair, for it gives no guidance on how to reawaken that spirit once it has lagged”

—  William J. Baumol

Source: "Entrepreneurship: Productive, unproductive, and destructive," 1996, p. 5

Adopted from Wikiquote. Last update June 3, 2021. History

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William J. Baumol 9
American economist 1922–2017

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