Rose, Gideon. "Schumpeter's Heirs." Foreign Affairs. January/February 2015.

Excerpt:

The Austrian economist Joseph Schumpeter put entrepreneurs at the center of his model of capitalism. Innovation was crucial to dynamism and growth, he argued, and entrepreneurs were the ones who made innovation happen. The “new combinations” of economic factors they brought together propelled the whole system onward and upward. Moreover, their efforts were anything but ordinary or easy: “To act with confidence beyond the range of familiar beacons and to overcome [society’s] resistance requires aptitudes that are present in only a small fraction of the population.”

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