The superstar inventors and entrepreneurs: How were they educated?

William J. Baumol, Melissa A. Schilling, Edward N. Wolff

    Research output: Contribution to journalArticlepeer-review

    Abstract

    Observations, such as the many celebrated inventive entrepreneurs with minimal schooling, lead to the hypothesis that protracted and rigorous education can impede entrepreneurship. Systematic analysis of biographies of noted inventors and entrepreneurs appears not to support the hypothesis. We do find that with time, entrepreneurial and inventor education increases as technology grows more complex. However, we find at the same time that the educational attainment of inventors has grown more rapidly than that of entrepreneurs and the educational gap has tended to widen over time.

    Original languageEnglish (US)
    Pages (from-to)711-728
    Number of pages18
    JournalJournal of Economics and Management Strategy
    Volume18
    Issue number3
    DOIs
    StatePublished - Sep 2009

    ASJC Scopus subject areas

    • Business, Management and Accounting(all)
    • Economics and Econometrics
    • Strategy and Management
    • Management of Technology and Innovation

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