The Nature Of Entrepreneurs

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I am a great admirer of Peter Drucker because of his uncommon common sense and his ability to see through to the basic parts of complex activities and situations ("The Entrepreneurial Mystique," Face-to-Face, October). The only minor disagreement I have with Drucker is in the nature of entrepreneurs. I think George Gilder's definition of an entrepreneur has a good deal of reality in light of my experiences over the past 50 years. The creative, emotional urge that leads to the risk-taking and tremendous energies of entrepreneurs is a real factor in their accomplishments. Creative urges are widely present in humans and need only freedom and opportunity to the released. As Drucker points out, some skills and knowledge must be acquired if an entrepreneur is to succeed.

And the article brings some balance to the recent outpouring of literature extolling practices of entrepreneuring.