Entrepreneurship: Productive, unproductive, and destructive
Abstract
The basic hypothesis is 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 such as innovation and largely unproductive activities such as rent seeking or organized crime. This allocation is heavily influenced by the relative payoffs society offers to such activities. This implies...
Paper Details
Title
Entrepreneurship: Productive, unproductive, and destructive
Published Date
Jan 1, 1996
Volume
11
Issue
1
Pages
3 - 22
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