Russian Entrepreneur

Not only did Ivan Dmitrievich Sytin build Sytin & Co. into the largest publishing concern in Russia prior to the Revolution, he also transformed Russian Word from an obscure, conservative newspaper into Russia's leading daily, with a circulation of over one million copies in 1917. Ruud shows that Sytin, a peasant-born villager who made millions in publishing, was truly an entrepreneur in the sense of Schumpeter's definition a risk-taker who is able to devise "new combinations of productive means."