Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper … is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and …

destructive entrepreneurship. Baumol’s classificatory scheme is built around a limited concept of first-best outcomes and … therefore easily fails to appreciate the true impact of entrepreneurship in real world circumstances characterized by suboptimal … institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the …

In this introductory chapter to a collective volume dealing with the political economy of entrepreneurship,* we argue …, based on a suggested unifying framework, that political economy is a fruitful approach to entrepreneurship. The importance … the selected articles also show that the social value of entrepreneurship must be evaluated as it is realized. Three …

Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research. In … this essay, we present and evaluate his main contributions to the economics of entrepreneurship. The focus is on how … crucial role of entrepreneurship and the individual entrepreneur has become visible to a much broader audience. …