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This 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: 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
This book addresses the central question in economic development:
what institutions are conducive to productive entrepreneurship and
wealth creation? By exploring the answer to this question from
multiple perspectives, this volume is an invaluable resource both
to scholars and policymakers concerned with human well-being.' -
Christopher J. Coyne, George Mason University, US'Salvino, Tasto
and Randolph have put together an impressive and important
collection detailing public policy's influence on entrepreneurial
outcomes. This book should be required reading for policy makers,
who, let us hope, will heed its lessons well.' - Peter Leeson,
George Mason University, US Entrepreneurial Action, Public Policy,
and Economic Outcomes examines the economics of entrepreneurship
from the perspectives of productive versus unproductive
entrepreneurial behavior and the role of institutions in economic
outcomes. It seeks to advance the research on institutions by
providing a simple framework to analyze the broader, long-term
consequences of economic policies. The authors examine the
relationship between economic freedom and economic outcomes and
summarize empirical evidence and theory. Important topics of public
debate are covered, and the economic rules of the game are
carefully analyzed for clues to provide a better path toward
prosperity. The book provides practical policy solutions that are
based on the authors cogent analyses which highlight the importance
of institutions for economic outcomes. It also focuses specifically
on the impact of public policy and provides concrete examples
regarding the role of institutions. Providing a clear summary of
the institutions and entrepreneurship research this comprehensive
and timely book will be of great interest to anyone involved in
public policy. It also offers a practical application for academic
research and a rich bibliography of the scholarship and will
therefore appeal to both graduate and undergraduate students.
Contributors: N.D. Campbell, R.L. Coyne, N. Dutta, B.K. Hobbs, P.T
Leeson, D.T. Mitchell, T. Ovaska, G.M. Randolph, T.M. Rogers, S.
Roy, R.F. Salvino jr, R.S. Sobel, M. Swaleheen, M.T. Tasto, G.K.
Turnbull
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