While the public policy community has turned to entrepreneurship to maintain, restore, or generate economic prosperity, the economics profession has been remarkably taciturn in providing guidance for public policy for understanding the links between entrepreneurship and economic growth as well as for framing and weighing policy issues and decisions. The purpose of this volume is to provide a lens through which public policy decisions involving entrepreneurship can be guided and analyzed. In particular, this volume provides insights from leading research concerning the links between entrepreneurship, innovation, and economic growth that shed light on implications for public policy. The book makes clear both how and why small firms and entrepreneurship have emerged as crucial to economic growth, employment, and competitiveness as well as the mandate for public policy in the entrepreneurial society.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Contents Contributors Acknowledgments 1. Introduction: Why Entrepreneurship Matters - Zoltan J. Acs, David B. Audretsch, and Robert Strom Part I. The Role of Entrepreneurship in Innovation 2. Capitalism: Growth Miracle Maker, Growth Saboteur - William J. Baumol, Robert Litan, and Carl Schramm 3. Toward a Model of Innovation and Performance Along theLines of Knight, Keynes, Hayek, and M. Polanyı´ - Edmund S. Phelps 4. Advance of Total Factor Productivity from Entrepreneurial Innovations - Paul A. Samuelson 5. Silicon Valley, a Chip off the Old Detroit Bloc - Steven Klepper Part II. Linking Entrepreneurship to Growth 6. Entrepreneurship and Job Growth - John Haltiwanger 7. Entrepreneurship at American Universities - Nathan Rosenberg 8. Scientist Commercialization and Knowledge Transfer? - David B. Audretsch, Taylor Aldridge, and Alexander Oet 9. Why Entrepreneurship Matters for Germany - Max Keilbach Part III. Policy 10. Entreprenomics: Entrepreneurship, Economic Growth, and Policy - Roy Thurik 11. The Bayh-Dole Act and High-Technology Entrepreneurship in the United States during the 1980s and 1990s - David C. Mowery 12. Academic Entrepreneurship in Europe: A Different Perspective - Mirjam van Praag 13. Creating an Entrepreneurial Economy: The Role of Public Policy - Heike Grimm 14. ‘‘Entrepreneurial Capitalism’’ in Capitalist Development: Toward a Synthesis of Capitalist Development and the‘‘ Economy as a Whole’’ - Zoltan J. Acs Index