Showing 1 - 10 of 13
) informal institutions. Overall, the proposed institutional changes move in a liberalizing direction; however, one …
Persistent link: https://www.econbiz.de/10011917026
We argue that scholars in the Austrian tradition of economics should incorporate the notion of a collaborative innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an innovation bloc of this kind, a system of innovation that...
Persistent link: https://www.econbiz.de/10011917098
Evasive entrepreneurs innovate by circumventing or disrupting existing formal institutional frameworks by evading them. Since such evasions rarely go unnoticed, they usually lead to responses from lawmakers and regulators. We introduce a conceptual model to illustrate and map the interdependence...
Persistent link: https://www.econbiz.de/10011442487
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation that evolves spontaneously and within which activity takes place through time. A CIB consists of six pools of economic skills from which people are drawn or recruited to form...
Persistent link: https://www.econbiz.de/10012615413
In the wake of the corona crisis, the European Union must regain lost ground and create more favorable conditions for inclusive and sustainable economic growth. The best way to achieve this goal is by increasing the Union's innovativeness. This effort requires extensive and broad-based...
Persistent link: https://www.econbiz.de/10012615452
Among contemporary economists, Mariana Mazzucato stands out for her emphasis on the importance of innovation to solve pressing challenges and achieve a greater quality of life. However, the type of mission-oriented innovation policies she promotes usually rely on an overly mechanical view of...
Persistent link: https://www.econbiz.de/10012703458
entrepreneurs as well as societal eudaimonic equality. The ex ante conditions for equality of well-being entail institutions that …
Persistent link: https://www.econbiz.de/10012703462
In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions … entrepreneur may earn large rents by circumventing institutional impediments. Paradoxically, institutions may be less of a … evasive entrepreneurship may be able to prevent economic development from being stifled by existing institutions during times …
Persistent link: https://www.econbiz.de/10010504479
of formal and informal institutions based on data available from the 2000s onward. We employ principal component analysis …
Persistent link: https://www.econbiz.de/10011794584
Trust and entrepreneurship are seen as key ingredients of long-term prosperity. However, it is not clear how these two are related. Part of the confusion can be traced back to the measurement of entrepreneurship, biased towards independent entrepreneurship (self-employed and new firms), and...
Persistent link: https://www.econbiz.de/10012145505