The early trapezitai (moneylenders) of Greece are credited with offering the first rudimentary payment system, in which a credit note given to a trader in one Greek port could be cashed with a moneylender in another, thus transferring funds (Lopez, 1979). Today, the provision of a payment system...

Analyzing GEM 2005 data, we confirm that entrepreneurship and economic development form a U-shaped curve. We seek to understand New Zealand's large deviation from the modeled curve by factor-analyzing all countries' deviations from the curve. We make recommendations that would move New Zealand...