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short or medium run. Entrepreneurial rents arise when successful entrepreneurship is exercised and entrepreneurial firms … successful entrepreneurship cannot be taxed harshly without affecting entrepreneurs' willingness to supply effort. …
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the higher rates of entrepreneurship observed in common law countries. …
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We examine the conceptualization of entrepreneurs in neo-Schumpeterian growth theory, which has reintroduced entrepreneurs into mainstream economics. Specifically, we analyze how neo-Schumpeterians relate to the contradiction between the entrepreneur-centered view of Schumpeter (1934) and the...
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