Sunday, October 15, 2006

What do Nobel Prize Winners Muhammad Yunus and Edmund Phelps Have in Common?

They may have alot in common but one thing might be the importance of entrepreneurship.

Economist Muhammad Yunus won the Nobel Peace Prize for giving micro loans to the poor so they can get businesses started. Read about it here. So it looks like he thinks entrepreneurship is important.

Edmund Phelps, who won the Nobel Prize in economics, wrote an article in the Wall Street Journal earlier this week that you can read it here. He makes a strong case for the mportance of entrepreneurship.

If you click on my first post or "Why this Blog is Called The Dangerous Economist" you will see why I agree with these two men.

On Oct 17, the Wall Street Journal printed a short letter I wrote pointing out this similarity.

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