chapter  6
Entrepreneurial Culture or Institutions? A Twentieth-Century Resolution
Pages 18

Introduction What does a favourable culture contribute to entrepreneurship, compared with other in uences, such as appropriate institutions? Entrepreneurial business o en provided outlets for the energies and enterprise of national and religious minorities who were blocked from rising through the state apparatus. Max Weber instanced Poles in Russia and eastern Prussia, Huguenots in France under Louis XIV, Nonconformists and Quakers in England, and Jews for two thousand years.1 For Weber it was the (institutional) barrier, not the culture, that explained the entrepreneurial precocity of these minorities. His most famous supposed positive cultural in uence on business and economic development, the Protestant Ethic, was something extra, he maintained.