Entrepreneurship is the heart of capitalism and in this sense entrepreneurs can be defined as economic agents who care about their interests. The majority of them can be classified under “greedy business men who have bright ideas for economic activity”.
In 1979 Iranian revolution fruited in an Islamic republic which apart from everything else had many strong beliefs about economy. In Islamic view of economy greed and looking for ones own interests are not acceptable. “Unfair Transactions” are forbidden in various parts of Quran and “those who charge high prices” are presented on par with murderers and deniers of Allah.
As a result in the 80s many Entrepreneurs were expelled from the country. Their Factories closed and their bank acounts and their bank acounts and wealth seized by the order of law. Iran as a country run under the rule of Islam has a centrally planned economy. Many prices are fixed by law and the one who increases the price faces a severe penalty.
Having said all that, one might think life is very hard for Iranian Entrepreneurs. But he/she will probably be surprised at how Iranian Entrepreneurs actually changed the meaning of Entrepreneur and Capitalists into a mild and lovable archetype.
If you want to know more about this you can read this article (The Rise and Newfound Legitimacy of Iran’s Industrial Bourgeoisie) by Kjetil Selvik. The picture that Kjetil illustrates of Iranian business environment is very close to reality. His paper is without a doubt one of the best papers and certainly an essential reading on Iranian Economy.




