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Understanding entrepreneurship as alertness to potential profit opportunities and the activities involved with bringing those opportunities to life and public policy as laws, regulations, and activities of government, this volume analyzes the intersection of the two to show how public policy influences entrepreneurship. Using a mix of theoretical and applied research, the contributors argue that policies which incentivize productive entrepreneurship will advance economic well-being, but that the passage of such policies depends in large part on the availability and usage of economic knowledge by policymakers. If policymakers lack the relevant economic knowledge to achieve their desired outcomes, policies will be ineffective in incentivizing productive entrepreneurship.
Published | 17 Nov 2023 |
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Format | Hardback |
Edition | 1st |
Extent | 290 |
ISBN | 9781666934137 |
Imprint | Lexington Books |
Illustrations | 5 b/w illustrations; 3 tables |
Dimensions | 236 x 161 mm |
Publisher | Bloomsbury Publishing |
Knowledge and Entrepreneurship in Public Policy summarizes and expands the frontier of the social science of entrepreneurship and public policy by presenting chapters from a diverse set of scholars who explore the ubiquitous role of entrepreneurs in society from the private sector to the administrative state. The volume achieves these gains by integrating the insights of the Austrian, Virginia, and Bloomington schools of political economy, and is essential reading for scholars interested in knowledge and entrepreneurship in modern society.
Gavin Roberts, Weber State University
What an uplifting message Knowledge and Entrepreneurship provides its readers based on basic economic reasoning and empirical evidence. Human progress depends on the embrace of the entrepreneurial spirit, and this spirit of enterprise taps into the creative, clever and resourceful individuals who populate the economy, and discovery, utilize and disseminate the relevant knowledge. It is the public policies we adopt that either hinder or support productive specialization and peaceful social cooperation through exchange, and thus our the source of the wealth and poverty of nations. Hopefully the message of Knowledge and Entrepreneurship is read widely and absorbed into the common-knowledge of this generation and going forward.
Peter Boettke, George Mason University
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