TY  - BOOK
AU  - Galor,Oded
AU  - Michalopoulos,Stelios
ED  - National Bureau of Economic Research.
TI  - Evolution and the Growth Process: Natural Selection of Entrepreneurial Traits 
T2  - NBER working paper series
PY  - 2011///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - May 2011; Hardcopy version available to institutional subscribers
N2  - This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an evolutionary advantage and their increased representation accelerated the pace of technological progress and the process of economic development. In mature stages of development, however, risk-averse traits gained an evolutionary advantage, diminishing the growth potential of advanced economies and contributing to convergence in economic growth across countries
UR  - https://www.nber.org/papers/w17075
UR  - http://dx.doi.org/10.3386/w17075
ER  -