Economists and business schools have, in recent decades, rightfully praised entrepreneurs for their ability to create wealth and transform entire industries. But there’s more to it than that, says Sam Gregg in his commentary. “If taxes are high, property-rights unprotected, and corruption the norm, then the environment embodies major deterrents to wealth-generating entrepreneurship,” he writes. “Why would people risk being entrepreneurial when they can’t assume their ideas won’t be stolen or their profits arbitrarily confiscated?”

Read the commentary at the Acton Website and comment on it here.

  • Ken

    Professor Gregg is absolutely right. I’m going into business academia; my main research interests are entrepreneurship and professional selling. Any discussion of entrepreneurship must encompass moral and political dimensions; full disclosure alone demands it.

  • Jack

    My graduate school began teaching “entrepeneurship” — they would be better teaching the blocking and tackling of accounting, marketing, finance and labor relations…as well as throw in a couple of classes on comparative theology and ethics in order to understand how the world really works.

    Entrepeneurship is the most completely consistent economic discipline of Catholic Social Teaching as espoused by JP-II in Centessimus Annus. None of the preferential options can be satisified without it!