determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

Social and cultural determinants of economic institutions and outcomes have come to the forefront of economic research … autocracies), which suggests that religiosity affects the way institutions work through the political process. Individual …

Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … institutions - entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …

exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion …