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This research suggests that a Darwinian evolution of entrepreneurial spirit played a sig-ni...cant role in the process of economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting traits generated an evolutionary advantage and their increased representation accelerated the pace of technological progress anddoi:10.2139/ssrn.1831783 fatcat:4zk3wryptngndaeazkfkb5i4v4