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markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe’s innovation capacity at a …
Persistent link: https://www.econbiz.de/10013236458
This paper reconsiders the predominant typology pioneered by Baumol (1990) between productive, unproductive 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...
Persistent link: https://www.econbiz.de/10014214391
This essay uses Edmund Phelps new book Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change … (Princeton University Press, 2013) as inspiration to discuss innovation and entrepreneurship. The book is laudable for its … innovation and the lack of convincing empirical evidence for the claim that the rate of innovation has slowed. These flaws are …
Persistent link: https://www.econbiz.de/10014150224