When the russians came, it was maybe 5 and ahalf five and a half. A group of people coming basinally very little or nothing, a lot of human capital. The other thing you should know about israel that i think most people don't know as how big it is physically. Its about the size of new jersey. They have more nazteck companies than europe. It could be produce more start up companies than japan, india, korea, canada or the united kingdom.
Michael Eisenberg, venture capitalist and the author of The Tree of Life and Prosperity talks with EconTalk host Russ Roberts about the secret of the Start-Up Nation, the role of principles in investing, and why he's optimistic about technology's contribution to humanity.