Journal ArticleDOI
Entrepreneurship: Productive, Unproductive, and Destructive
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TLDR
In this article, historical evidence from ancient Rome, early China, and the Middle Ages and Renaissance in Europe is used to investigate the hypotheses that, while the total supply of entrepreneurs varies among societies, the productive contribution of the society's entrepreneurial activities varies much more because of their allocation between productive activities and largely unproductive activities such as rent seeking or organized crime.About:
This article is published in Journal of Business Venturing.The article was published on 1996-01-01. It has received 4571 citations till now. The article focuses on the topics: Entrepreneurship & Rent-seeking.read more
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Why Do Some Countries Produce so Much More Output Per Worker than Others
TL;DR: This paper showed that differences in physical capital and educational attainment can only partially explain the variation in output per worker, and that a large amount of variation in the level of the Solow residual across countries is driven by differences in institutions and government policies.
Journal ArticleDOI
Why do Some Countries Produce So Much More Output Per Worker than Others
Robert E. Hall,Charles I. Jones +1 more
TL;DR: This article showed that the differences in capital accumulation, productivity, and therefore output per worker are driven by differences in institutions and government policies, which are referred to as social infrastructure and called social infrastructure as endogenous, determined historically by location and other factors captured by language.
Journal ArticleDOI
Linking Entrepreneurship and Economic Growth
Sander Wennekers,Roy Thurik +1 more
TL;DR: In this article, the authors synthesize disparate strands of literature to link entrepreneurship to economic growth by investigating the relationship between entrepreneurship and economic growth using elements of various fields: historical views on entrepreneurship, macroeconomic growth theory, industrial economics (Porter's competitive advantage of nations), evolutionary economics, history of economic growth (rise and fall of nations) and the management literature on large corporate organizations.
Journal ArticleDOI
Entrepreneurial Action And The Role Of Uncertainty In The Theory Of The Entrepreneur
TL;DR: The authors provide a more complete conceptual model of entrepreneurial action that allows for examining entrepreneurial action at the individual level of analysis while remaining consistent with a rich legacy of system-level theories of the entrepreneur.
Posted Content
The Allocation of Talent: Implications for Growth
Kevin M. Murphy,Kevin M. Murphy,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +5 more
TL;DR: The authors showed that in most countries, rent seeking rewards talent more than entrepreneurship does, leading to stagnation, and showed that countries with a higher proportion of engineering college majors grow faster; whereas countries with higher proportions of law concentrators grow slower.
References
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Book
The theory of economic development
TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
Journal ArticleDOI
The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities
William Diebold,Mancur Olson +1 more
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Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show
TL;DR: Maddison's 1870-1979 data are analyzed, showing the historically unprecedented growth in productivity, gross domestic product per capita and exports and the remarkable convergence of productivities of industrialized market economies, with convergence apparently shared by planned economies but not less developed countries.
Book
The Economics of Imperfect Competition
TL;DR: The Economics of Imperfect Competition (Robinson, 1933a) as discussed by the authors was written by Joan Robinson, who also began her long intellectual friendship with Richard Kahn, after only one year of studying economics.