The concept of entrepreneurship in the German works ofJoseph Alois Schumpeter is considered, emphasizing its historicity, conceptualroots, and implications. Entrepreneurship in Schumpeter's work hasconventionally been interpreted as a dual concept, involving a shift from theearly model of the...

What explains poverty of Sub Saharan Africa and South Asia? One view holds the disease environment of these regions as the primary culprit. Others see it as a typical symptom of growth retarding institutions. We test validity of these competing assertions for a cross section of countries. Our...