Establishes an empirically based measure of firm formation dynamics and early growth and answers the question of new firm survival. Using the 1976-1986 United States Establishment Longitudinal Microdata (USELM) files of the U.S. Small Business Administration, an estimate of the number of firms...

A country’s property rights and legal system arewidely believed to play an important role in the development ofentrepreneurship. In this study, country-level data are used to examine therelationship between legal structures and entrepreneurship. These data coversuch areas as business...

In this paper, it is argued that entrepreneurship theorists have misinterpreted the role of technology entrepreneurs in capitalist economies and both the reality of and importance of entrepreneurs to wealth distribution is emphasized.Schumpeter's theories of wealth distribution and creative...