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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 rentsRegulatory measures impact firms in a continuous and evolving fashionEconomic actions and morality may converge given certain conditionsMore economic freedom in a given country is associated with greater levels of entrepreneurshipPublic 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.Contributors include: J. Fetzner, J.C. Hall, P.G. Klein, M. Latta, R.A. Lawson, G.M. Randolph, M. Rivero, S. Roychoudhury, M.E. Ryan, R.F. Salvino, R.S. Sobel, M.T. Tasto, P.A. Yakovlev
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
Contents:Foreword Russell S. Sobel1. Introduction Gregory M. Randolph2. Creating the Environment for Entrepreneurship through Economic FreedomJoshua C. Hall, Robert A. Lawson, and Saurav Roychoudhury3. The Role of Public Policy in Entrepreneurship and MigrationPavel A. Yakovlev and Saurav Roychoudhury 4. Regulation and the EntrepreneurJames Fetzner and Gregory M. Randolph 5. Politics and Entrepreneurship Matt E. Ryan6. The Negative Impact of Recruitment Policies for the Unproductive EntrepreneurMichael T. Tasto7. Testimony Before US House Committee on Financial Services: Domestic Monetary Policy and Technology Subcommittee Peter G. Klein8. The Economics of Entrepreneurship: To Inform an Economic and Moral PerspectiveRobert F. Salvino Jr. and Michael Latta9. Informal Institutions, Public Policy, and Entrepreneurship Gregory M. Randolph and Marek RiveroIndex
‘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.’
