through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic development has …

through knowledge creation. Analyzing philanthropy sheds light on our current understanding of how economic development has …

This paper explores the relationship between knowledge creation, entrepreneurship, and economic growth in the United … States over the last 150 years. According to the “new growth theory,” investments in knowledge and human capital generate … economic growth via spillovers of knowledge. But the theory does not explain how or why spillovers occur, or why large …