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