Literature Review: Entrepreneurship in Education

Over the last week I have looked at various literary articles related to my question on teaching business skills to elementary aged children. You can read more about my research question here. While looking through articles, several points resonated with me particularly in the paper, A Game-Based Method for Teaching (Sidhu, et al.) a study out of UC Berkeley that explores entrepreneurship and one approach to teaching entrepreneurship.

A Game-Based Method for Teaching outlines the first known usage of the word “entrepreneurs” by Richard Cantillon, a French economist of the 1700’s. He defined the word as “non-fixed income earners who pay known costs of production, but earn uncertain outcomes.” I am taken by this definition as I feel it succinctly but broadly defines the word entrepreneur, a word that seems to have a variety of meanings especially now as it has become trendy, mainstream word outside of economics.

The study also supports my opinion that innovation is driven from research and significant research is done at schools. Schools conduct research and research drives innovations, thus teaching business/entrepreneurial skills are essential for the innovations to come to market and therefore a key component in education.

The article discusses how universities have revised curricula to include “education, research and outreach and innovation,” while some adaptive universities are going even further by including entrepreneurship along with teaching creativity in their curriculums. Based off of these universities’ curricular adjustments, it leads the reader to believe that entrepreneurship is best taught in tandem with research and innovation.

You can track my research progress here on Medium. For more on this study, and the other great projects from this year’s delegation follow the hashtags #educationscientist and #SETlab.