We explore optimal and politically feasible growth policies in the form of basic research investments and taxation. Basic research is a public good that benefits innovating entrepreneurs, but its provision and financing also affect the entire economy -- in particular, occupational choices of...

The present article is devoted to the formation of small rural enterprises in the Republic of Belarus. An overview of the current state of small business is discussed, as well as its dynamic growth in the country is put forward. Next, this paper singles out the possibilities of state budget aid...

We model technological progress as an external effect of organizational design, focusing on how factories, based on labor division, could spawn the Industrial Revolution. Dividing labor, as Adam Smith argued, facilitates invention by observers of production processes. However, entrepreneurs...

Recent surveys show that more than half of American entrepreneurs share ownership in their business startups rather than going it alone. Yet the media and many scholars continue to perpetuate the myth of the lone visionary who single-handedly revolutionizes the marketplace. In The...

Recent surveys show that more than half of American entrepreneurs share ownership in their business startups rather than going it alone. Yet the media and many scholars continue to perpetuate the myth of the lone visionary who single-handedly revolutionizes the marketplace. In The...

Lone Pine Farms Moody Meats Inc. (Moody Meats) is a vertically-integrated farm-to-retail business operating in the central Indiana local food system. Adam Moody, a farmer turned serial entrepreneur, is highly responsive to place-based market dynamics. He employs common sense and tested business...

Today it makes little sense to ask a question, why social scholars are interested in China’s economy as far as the answer is obvious. The growth rate of Chinese economy and duration of its growth period are stunning. It is likely that in the nearest future China will outrun USA in terms of GDP...