Demonstrates how ideas in economics have shaped business decisions and models, as well as government policies. Discusses the pace of future innovation, how economists think about the world, and the role and importance of markets and their limits.

A growing body of evidence has documented the critical role that entrepreneurs play in fostering economic growth. But entrepreneurs can only be expected to take risks in 'open settings', where individuals and firms are free to contract with one another. In this important book, leading economists...

Cover -- Contents -- Preface -- 1 Toward Better Capitalism -- 2 Toward a New Understanding of the Economy: An Entrepreneurial Synthesis -- 3 Toward a More Entrepreneurial Economy -- 4 Unleashing America's Academic Entrepreneurs -- 5 Importing Entrepreneurs -- 6 Improving Entrepreneurial Finance...

A far-reaching discussion is taking place in the United States about the challenges facing higher education and the possible forms postsecondary learning might take in the future. Notwithstanding the strengths of our best research institutions, the shortcomings of many U.S. colleges and...