How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies...

Economic competition among governments, making use of both fiscal and regulatory policy instruments, is the subject of great concern on both sides of the Atlantic, for fear that it gives rise to a "race to the bottom" resulting in levels of public services that are too low. This paper explores...