From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...

The pioneers -- The first business reformer : Robert Owen (1771-1858) -- Man with a thousand partners : James Cash Penney (1875-1971) -- The businessman who "cleaned up the world" : William Lever (1851-1925) -- Kisses sweeter than wine : Milton Snavely Hershey (1857-1945) -- Creating an enduring...

Eighth in a series of annual reports comparing business regulations in 183 economies, Doing Business 2011 measures regulations affecting 10 areas of everyday business activity: starting a business, dealing with construction permits, employing workers, registering property, getting credit,...

The economics of the acquisition of entrepreneurial ability is still in its early phase. What entrepreneurs do must have some scarcity and have some economic value; there must be some rent that accrues to the scarce entrepreneurial ability. The supply of entrepreneurial ability is rarely...