We debate the motivation for and effectiveness of public policies to encourage individuals to become entrepreneurs. Reviewing established evidence we find that most western world policies do not greatly reduce or solve any market failures but instead waste taxpayers' money, encourage those...

The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...

To facilitate the transformation of the German economy from the traditional manufacturing industries towards emerging new technologies, a new segment of the Frankfurt exchange was introduced in 1997 - Der Neue Markt. This study provides evidence that not only did many new firms obtain funding...

The Journey: Navigating the COVID-19 Crisis -- Part I: The Future is Risky and Entrepreneurial -- Resilience Is the New Competitive -- Depths of Change: Ranging from Clubhouse to Game Changer -- Oxygenating Innovation? The Not-So-Brave New World of COVID-19? -- Part II: Economies Under Pressure:...