This paper challenges the key assumption in "idea based growth models" that innovation rents ultimately reward the creation of knowledge. In modern capitalist economies the agents that commercialize new ideas, the entrepreneurs, receive the bulk of the innovation rents and are generally the...

In this paper, we introduce the special issue on Financial and Institutional Reforms for an Entrepreneurial Society in Europe. There are many reasons for Europe to want to make the transition to a more entrepreneurial society. And for decades now, policy makers are trying to bring that...

Introduction: Why Entrepreneurship? -- Entrepreneurship, the Rule of Law, and Protection of Property Rights -- Taxation and Entrepreneurship -- Savings, Finance, and Capital for Entrepreneurial Ventures -- Labor Markets and Social Security in the Entrepreneurial Society -- Contestable Markets...