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A Brief History of Entrepreneurship: The Pioneers, Profiteers, and Racketeers Who Shaped Our World

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A Brief History of Entrepreneurship charts how the pursuit of profit by private individuals has been a prime mover in revolutionizing civilization. Entrepreneurs often butt up against processes, technologies, social conventions, and even laws. So they circumvent, innovate, and violate to obtain what they want. This creative destruction has brought about overland and overseas trade, colonization, and a host of revolutionary technologies―from caffeinated beverages to the personal computer―that have transformed society.

Consulting rich archival sources, including some that have never before been translated, Carlen maps the course of human history through nine episodes when entrepreneurship reshaped our world. Highlighting the most colorful characters of each era, he discusses Mesopotamian merchants' creation of the urban market economy; Phoenician merchant-sailors intercontinental trade, which came to connect Africa, Asia, and Europe; Chinese tea traders' invention of paper money; the colonization of the Americas; and the current "flattening" of the world's economic playing field.

Yet the pursuit of profit hasn't always moved us forward. From slavery to organized crime, Carlen explores how entrepreneurship can sometimes work at the expense of others. He also discusses the new entrepreneurs who, through the nascent space tourism industry, are leading humanity to a multiplanetary future. By exploring all sides of this legacy, Carlen brings much-needed detail to the role of entrepreneurship in revolutionizing civilization.

256 pages, Hardcover

Published October 11, 2016

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Joe Carlen

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Displaying 1 - 4 of 4 reviews
Profile Image for Kacper.
283 reviews5 followers
August 17, 2019
It's okay, it reads like an encyclopedia though.
Profile Image for José Antonio Lopez.
173 reviews17 followers
December 14, 2017
Joe Carlen book is History the way I wish I had in school. Instead of the disconnected list of events "A brief history of entrepreneurship" is a dynamic summary of human history since the first civilizations in Mesopotamia until the next frontier out of our planet, from the eyes of entrepreneurs and those pushing out the boundaries of the then current world.
"The transformation from rural agrarian to urban commerce took place during the Uruk period of Sumerian history, an era that began about 3,500 years ago."
The narrative of the book allows the reader to identify the birth of institutions we take for granted today. From the division of labor, the non-zero sum trade, financial instruments to fund explorations, the early corporation and merchant societies, accounting control, fiat money, etc.

The book is mainly descriptive and not normative about entrepreneurship but it is easy to identify historic patterns. Carlen's sources make the book credible and a good reference to understand the systemic differences of motives and results. In periods like the early Sumerians and Phoenicians dominated more by City-States that had high commercial interaction progress excelled. In contrast periods with strong centralized governments like Romans and Medieval times the entrepreneurial spirit was limited to cronyism and corruption. No wonder why in the first kind entrepreneurs and merchants were in high esteem, while in the later were the lowest of the classes.

Chapter 4, An Enterprising Faith, is quite interesting under the light of the current geopolitical events. It describes the emergence and advancement of the Arab world in the VII century. Unified under Muhammad the Arabs expansion covered the Middle East, North Africa/Spain and parts of Central Asia. Despite it was a military conquest it was driven by mercantile concerns. The Muslim world was a remarkable pollinator. It expanded and advanced Greek scientific knowledge, made mathematical contributions like algebra, expansion of use of writing paper from China, silk, cotton, wool textiles from different regions, or African Coffee.

The Brief history has a space for Sumerians, Phoenicians, Egyptians, Greeks, Romans, Arabs, Chinese, Mongols, Western Europeans and their Imperial expansion to America, Africa, India and Asia, and the Colonist. Before the Industrial Revolution most of the benefits of the entrepreneurial spirit were limited to the regions that were thriving and not globally. The last part starts with the Industrial Revolution. Carlen misses the role of ideas in the change of pace of progress, something that Deirdre McCloskey brilliantly explains. Nonetheless he points out:
"However, prior to the Industrial Revolution, innovation in the form of disciplined scientific inquiry rarely intersected directly with the world of entrepreneurship. The original Industrial Revolution, that is, the one that occurred in Britain and peaked during the seventy-year period of 1760-1830, is when those worlds coalesced in unprecedented ways."

Carlen covers the modern era with short biographies of business tycoons from Abraham Darby (1678-1717) to today pioneers of the last frontier like Elon Musk, Jeff Bezos and Richard Branson. Including people like James Watt, Thomas Edison, the wrongly called Robber Barrons (check Andrew Bernstein's "The Capitalist Manifesto"), entrepreneurs in different parts of the world (China, Latin America, Africa, or Russia), the information revolution with Bill Gates, Steve Jobs and more.

Overall the "A Brief History of Entrepreneurship" is a good reference of how entrepreneurship and human progress go hand in hand. A window of the conditions that allow these ever present minds shine and make all our lives better.

My rating 4 stars.
Profile Image for Darren.
1,193 reviews66 followers
September 6, 2016
Entrepreneurship and business start-ups are nothing that new or radical if you think about it. There has always been somebody trying to make a living out of doing this and that. Sometimes they have made revolutionary steps forward and sometimes they have taken what may appear to be restrictive, retrograde steps that certainly are not helping the common good.

This book takes a brief look at some entrepreneurial activities over the years that have revolutionised civilisation or society in one way or another, presented in the form of bite-sized chapters full of interesting information it must be said. The creation of the market economy, development of credit trading, global trade pioneers, the invention of paper money and the colonisation of America are just a few of the areas covered. It all made for an entertaining and informative read that is a lot more than just a history book; potentially it can even help refocus the mind of the entrepreneur and possibly lead to greater and better things; after all we can learn from the past and utilise it for the future.

It can be an ideal travel or commute companion. You don’t need a specific purpose to crave knowledge, yet this book will deal it to you in spades. It is ideal for the general reader, experienced business professional and everyone in-between. No prior knowledge or experience required. It is not an entrepreneurial start-up guide but it does give a lot of information about how and why businesses were created, developed and operated if you let it.

As you may expect, there is a very thick, healthy bibliography to provide you with lots of further reading suggestions should you so desire, allowing you to really drill deep into this book. What is there not to like? Hopefully the author has some material left for a second volume in the same vein.

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