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Values as an Obstacle to Economic Growth: The American Colonies

Published online by Cambridge University Press:  03 February 2011

Sigmund Diamond
Sigmund Diamond
Affiliation:
Columbia University
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Extract

The story is told that Dean Donham of the Harvard Business School once asked Professor Schumpeter, after a lecture on the entrepreneur—Schumpeter's plumed knight of economic development–what was the most important single factor in accounting for the success of the businessman. Quick as a shot came the answer: “Good health.” For purposes of this inquiry into certain aspects of American social structure and American values which seem to have been of decisive importance in contributing to American economic growth, certain variables–like the health of the businessman and the endowment of the country with respect to natural resources –will not be considered.

Type
Obstacles to Economic Growth: Papers presented at the Twenty-Seventh Annual Meeting of the Economic History Association
Information
The Journal of Economic History , Volume 27 , Issue 4 , December 1967 , pp. 561 - 575
Copyright
Copyright © The Economic History Association 1967

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References

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