The similarity between entrepreneurship and innovative political leadership was mentioned in one of Schumpeter’s early works, The Theory of Economic Development (described more fully in the Appendix). In this book he described entrepreneurship as the economic version of a special kind of leadership that is also found in politics and which many years later Olson aptly labelled ‘pioneering’.1 Such pioneering leadership is needed because most people have difficulty in going beyond the boundaries of ordinary routine and because there is actual resistance to anyone wishing to introduce something new.2 This resistance to change can involve much more than the social pressure against deviation from custom that is found in traditional societies; the resistance can take the form of political or even legal impediments, and in the case of economic change it also involves the difficulty of winning over the consumers.3
KeywordsDepression Europe Steam Turkey Exter
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