Stephen Lagerfeld (2010) described his father’s work as a spirit transcending economics. As his father traveled to work each day he shook his head in pity at the “poor tied-and-jacketed drones” (p. 1) heading in the opposite direction. Although Lagerfeld’s father did not enjoy the security of stable employment, he had his own nursery business, which spawned several other ventures and employed more than 50 people. Lagerfeld said employing other people moved his father the most. Lagerfeld portrayed entrepreneurship as “the pursuit of happiness” (p.1) through autonomy and self-creation. Money is nice, but the entrepreneurial spirit overshadows all else.
Although Lagerfeld’s father almost lost everything during the recession in the early 1970s, he managed to escape with a decent retirement until his death. Lagerfeld’s father did not mind having to work six days a week and many hours without the same security of the drones to find happiness. Lagerfeld’s father’s greatest joy came from the entrepreneurial spirit and his independence and self-expression (Lagerfeld, 2010).
Entrepreneurs often traverse in an opposite direction and rebel from traditional work. Entrepreneurs are the engine of creation and employment. Entrepreneurs enjoy the challenge more than the money. Capitalism relies on the entrepreneur to get through the rough times and rejuvenate the economy.
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Lagerfeld, S. (2010). The spirit moves us. [Brief article editorial]. The Wilson Quarterly, 34(2), 4.