The wave of protests and populist uprisings in the Middle East has heightened the focus on a volatile region. But the emphasis on political issues has obscured underlying issues concerning education, infrastructure, research, innovation, entrepreneurship and sustainable environmental and social...

"The current economic era, characterized by the rapid and global dissemination of information and capital, has been called the ""knowledge age,"" the ""entrepreneurial society,"" and the ""intangibles economy,"" among other labels. Technological and productivity improvements continue to shift...

Knowledge -- Scenario Setting -- Foundation Laws of Knowledge Dynamics -- The Knowledge Value Chain -- Industry and Knowledge Clusters -- Embracing Business Ecosystems to Enable Sustainable and Accelerated Innovation -- Corporate Management of Knowledge -- Knowledge-Relevant Economic Policy:...

Bounded rationality provides a fundamental economic explanation for non-rational modes of behavior. These non-rational modes underlie both the erratic perturbations of entrepreneurship and the systematic waves of diffusion they initiate which in turn guarantee that the economy operates out of...

It is frequently argued that policymakers should target high-tech firms, i.e., firms with high R&D intensity, because such firms are considered more innovative and therefore potential fast-growers. This argument relies on the assumption that the association among high-tech status, innovativeness...

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...

Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...

We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...