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Ep. 1134: Derek Lidow Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The History of Entrepreneurship

It was probably seven years of very intense work to uncover it. But I did it because nobody else had done it before. It's interesting because there are two classic studies, the history of entrepreneurship, Karl Marx and Schumpeter. Both of them basically said entrepreneurship starts with capitalism. Entrepreneurs are an outgrowth of capitalism. That's a very restrictive assumption. You can find blatant entrepreneurial behaviors in both the historical and pre-historical records if you look for it.

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