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Gov Monitor logoThere is a long-running dispute over who constitute ‘real’ entrepreneurs. It is important we understand their importance.

At the University of Miami a few weeks ago, I had the opportunity to attend an entrepreneurship class with roughly 40 students.

Most of them were juniors and seniors, joined by a small number of law students.

The course had so far covered the theoretical literature on entrepreneurship, but on this particular day all the students wanted to talk about was their own futures.

Studying entrepreneurship in the midst of a severe recession and stumbling recovery, and in the months leading up to graduation, has made these students acutely aware that their own economic futures may not be entirely secure. Make no mistake: jobs are front and center in students’ minds. Both the Obama administration and the Federal Reserve expect the unemployment rate to remain at relatively high levels for the next few years, falling from the present 9.7 percent to around 8 percent by the end of 2012.

To read the full, original article click on this link: Entrepreneurship And The American Dream | Gov Monitor

Author: Dane Stangler, The American Enterprise Institute