Rather than studying business, what about starting a company from scratch? If history is any guide, a significant number of people who are laid off over the coming year will do just that. Carl Schramm, the head of the Kauffman Foundation, a non-profit organisation that promotes entrepreneurial activity, points out that start-ups tend to flourish in the year that follows a sharp downturn. Rather than head back to another corporate bureaucracy, some of those made redundant will take a shot at being their own boss.

from The Economist