ABSTRACT
In this essay I set out to analyse the factors responsible for the growth of entrepreneurship in a traditional setting, where the ownership of land and capital assets is vested in a group rather than in the individual. I shall also discuss the operation as well as the reasons for the persistence of a dual shell money and money economy. Furthermore, I shall show that if economic differentiation is not displayed in everyday consumption, while income is growing, this will facilitate a high rate of savings and investment; though some money may still be hoarded due to the limited investment opportunities within the native's economic horizon. I discuss these problems on the basis of field research data from the Tolai of New Britain.
