Edited by Gregory M. Randolph, Michael T. Tasto, Associate Professors, Southern New Hampshire University and Robert F. Salvino Jr., Associate Professor, Coastal Carolina University, US
This exciting book provides fresh insight into how institutions, governments, regulations, economic freedom and morality impact entrepreneurship and public policy. Each chapter contains a rigorous analysis of the consequences of public policy and the effects of institutional decisions on the productivity of entrepreneurs. These chapters will help policymakers direct their efforts at creating a positive economic environment for entrepreneurs to flourish and for scholars to better understand the role policy plays on entrepreneurial activity.
This exciting book provides fresh insight into how institutions, governments, regulations, economic freedom and morality impact entrepreneurship and public policy. Each chapter contains a rigorous analysis of the consequences of public policy and the effects of institutional decisions on the productivity of entrepreneurs.
Expert contributors highlight the importance of institutions for economic outcomes while focusing specifically on the impact of public policy. One standout feature is the presentation of concrete examples regarding the role of institutions as well a clear analysis of entrepreneurship research. The editors also examine and compare productive versus unproductive public policies.
Some of the conclusions made within this book include:
• Successful recruitment spending by states creates an incentive for unproductive entrepreneurs to seek economic rents
• Regulatory measures impact firms in a continuous and evolving fashion
• Economic actions and morality may converge given certain conditions
• More economic freedom in a given country is associated with greater levels of entrepreneurship
Public Policy, Productive and Unproductive Entrepreneurship will help policymakers direct their efforts at creating a positive economic environment for entrepreneurs to flourish and give scholars a better understanding of the role policy plays in entrepreneurial activity. Its practical application for academic research will be great for students, helping them to connect theoretical economic fundamentals to real and familiar economic outcomes.
‘Entrepreneurship can advance growth through positive-sum activities, or diminish growth through negative-sum activities. The key is to analyze how formal and informal institutions affect productive versus unproductive entrepreneurship. Here is a comprehensive collection of well-written papers that do just that. An important read for scholars of economics and politics.’ – Edward Lopez, Western Carolina University, US
‘Public Policy, Productive and Unproductive Entrepreneurship is an important new book because If policy makers read and apply the lessons contained in this book we'd all live in a freer and more prosperous society.’ – Benjamin Powell, Texas Tech University, US
‘This collection of essays is best described as a primer on the topic indicated in the book’s subtitle: the impact of public policy on entrepreneurial outcomes. Each of the eight essays targets a specific aspect of policy effects on entrepreneurship, and they each contribute in their own way to the common conclusion that entrepreneurship is a double-edged sword that can be both productive and unproductive – depending on the institutional rules of the game. And they paint a broad yet consistent picture that should be of great help to those familiarizing themselves with the study of entrepreneurship and policy.' – Quarterly Journal of Austrian Economics