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Yes - I'd guess entrepreneurs have more social impact than salaried workers, because they do more innovative work. We'll write more about this in the future. N
by BenjaminTodd 11y ago
Yes - I'd guess entrepreneurs have more social impact than salaried workers, because they do more innovative work. We'll write more about this in the future.
Note that the paper you cite is only about technological advances though, and only a fraction of what entrepreneurs do contributes to technological advances - a bunch of its just implementing stuff that's already best practice.
- stevetrewick 11y agoAIUI implementing stuff that's already best practice - innovation driven Total Factor Productivity growth - is technological advance and is included in Nordhaus' calculations. But IANAE.
- BenjaminTodd 11y agoGood point. It still seems unlikely to me that all entrepreneurial activity contributes to productivity growth though. I'll look into it some more.