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Bibliographic Details

Title: Public Policy and the Economics of Entrepreneurship (Mit Press)
Publisher: MIT Press
Publication Date: 2003
Language: English
ISBN 10: 0262083299
ISBN 13: 9780262083294
Binding: Hardcover
Condition: very good

About this title

Synopsis

This groundbreaking collection of essays by leading economists examines different aspects of entrepreneurship and its relation to public policy.

Entrepreneurship has been a subject of much recent discussion among academics and policymakers because of the belief that it invigorates the economy--producing greater productivity, more jobs, and higher economic growth. President George W. Bush promoted his economic plan by pointing to its encouragement of entrepreneurship. Yet, despite its importance, the topic of entrepreneurship is underrepresented in the economics literature. The contributors to Public Policy and the Economics of Entrepreneurship examine different aspects of entrepreneurship and its relation to public policy to help us reach a better understanding of the economic role of entrepreneurs.

The contributors, all prominent economists, first consider what policies effectively encourage entrepreneurship, discussing a possible role for government in venture capital markets, the effect of the tax code's subsidy of health insurance for the self-employed, and the impact of banking deregulation on entrepreneurial activity. Two contributors then examine entrepreneurship in unexpected places--not small businesses, but large pharmaceutical firms and nonprofit organizations. The final essays explore the effect of entrepreneurship on inequality, looking at statistical evidence of upward mobility for self-employed blacks and Hispanics and discussing the effect on entrepreneurial activity of policies to reduce wealth inequality. The contributors hope, by offering a rigorous economic examination of entrepreneurship, to foster better public policies that encourage and support entrepreneurial activity.

About the Author

Harvey S. Rosen is John L. Weinberg Professor of Economics and Business Policy at Princeton University.

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