Jun 20, 2012

Teaching Entrepreneurship in Haiti

We have discussed:
  1. Baumol's Entrepreneurship: Productive, Unproductive, and Destructive.
  2. Schumpeter's The Theory of Economic Development - with emphasis on the process of creation-detruction. 
  3. Kirzner's Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur.  
  4. David Harper's How Entrepreneurs Learn: A Popperian Approach and Its Limitations.
  5. Ronald Coase's The Nature of the Firm
  6. Casson's Entrepreneurship and the Theory of the Firm
I have complemented this list with a review of the supply and demand model, consumer and producer's surplus, and the role of the entrepreneur within a market equilibrium model. 

Students have arranged interviews with local entrepreneurs in Jeremie, which have been very informative and insightful. We have had on average two interviews per day. Interviews give the opportunity to contrast theory and hands-on experience. 

Finally, students will prepare a business plan as a final project. The business plan is based on a framework that includes: mission, vision, values, the product, the client, the geographic location, and the business strategies. This within a cultural, economic, political, and economic context.

This has worked really well and if you find yourself teaching entrepreneurship to undergraduate students I recommend this approach. 

[I plan to discuss some Public Choice ideas]. 

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