Recommended readings (Machine generated): Simon Kuznets (1933), 'National Income', in Edwin R.A. Seligman (ed) and Alvin Johnson (ed) (eds), Encyclopaedia of the Social Sciences, Volume Eleven: Morbidity-Parties, Political, New York, NY: Macmillan, 205-24 -- Simon Kuznets (1955), 'Economic...

The economics of the acquisition of entrepreneurial ability is still in its early phase. What entrepreneurs do must have some scarcity and have some economic value; there must be some rent that accrues to the scarce entrepreneurial ability. The supply of entrepreneurial ability is rarely...

Explores the relation of a person's education and experience to the ability to reallocate resources, especially under economic disequilibrium. Examples of economic disequilibria include unemployment rate changes, geographical and occupational job shifts, and changes in incentives for...