Description
Book SynopsisThis exciting book provides fresh insight into how institutions, governments, regulations, economic freedom and morality impact entrepreneurship and public policy. Each chapter contains a rigorous analysis of the consequences of public policy and the effects of institutional decisions on the productivity of entrepreneurs.
Expert contributors highlight the importance of institutions for economic outcomes while focusing specifically on the impact of public policy. One standout feature is the presentation of concrete examples regarding the role of institutions as well a clear analysis of entrepreneurship research. The editors also examine and compare productive versus unproductive public policies.
Some of the conclusions made within this book include:
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- Successful recruitment spending by states creates an incentive for unproductive entrepreneurs to seek economic rents
- Regulatory measures impact firms in a continuous and evolving fashion
- Economic actions and morality may converge given certain conditions
- More economic freedom in a given country is associated with greater levels of entrepreneurship
Public Policy, Productive and Unproductive Entrepreneurship will help policymakers direct their efforts at creating a positive economic environment for entrepreneurs to flourish and give scholars a better understanding of the role policy plays in entrepreneurial activity. Its practical application for academic research will be great for students, helping them to connect theoretical economic fundamentals to real and familiar economic outcomes.
Contributors include: J. Fetzner, J.C. Hall, P.G. Klein, M. Latta, R.A. Lawson, G.M. Randolph, M. Rivero, S. Roychoudhury, M.E. Ryan, R.F. Salvino, R.S. Sobel, M.T. Tasto, P.A. Yakovlev
Trade ReviewPublic Policy, Productive and Unproductive Entrepreneurship
is an important new book because If policy makers read and apply the lessons contained in this book we'd all live in a freer and more prosperous society.' --(Benjamin Powell, Texas Tech University, US)
'Entrepreneurship can advance growth through positive-sum activities, or diminish growth through negative-sum activities. The key is to analyze how formal and informal institutions affect productive versus unproductive entrepreneurship. Here is a comprehensive collection of well-written papers that do just that. An important read for scholars of economics and politics.' --(Edward Lopez, Western Carolina University, US)
Table of ContentsContents: Foreword Russell S. Sobel 1. Introduction Gregory M. Randolph 2. Creating the Environment for Entrepreneurship through Economic Freedom Joshua C. Hall, Robert A. Lawson, and Saurav Roychoudhury 3. The Role of Public Policy in Entrepreneurship and Migration Pavel A. Yakovlev and Saurav Roychoudhury 4. Regulation and the Entrepreneur James Fetzner and Gregory M. Randolph 5. Politics and Entrepreneurship Matt E. Ryan 6. The Negative Impact of Recruitment Policies for the Unproductive Entrepreneur Michael T. Tasto 7. Testimony Before US House Committee on Financial Services: Domestic Monetary Policy and Technology Subcommittee Peter G. Klein 8. The Economics of Entrepreneurship: To Inform an Economic and Moral Perspective Robert F. Salvino Jr. and Michael Latta 9. Informal Institutions, Public Policy, and Entrepreneurship Gregory M. Randolph and Marek Rivero Index
