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  1. William J. Baumol: innovative contributor to entrepreneurship economics
    Autor*in: Henrekson, Magnus; Stenkula, Mikael
    Erschienen: September 10, 2021
    Verlag:  Research Institute of Industrial Economics, Stockholm, Sweden

    William J. Baumol was one of the most prolific economists of his generation, analyzing a broad range of central economic issues addressing real problems of the world. In this essay, we present and critically evaluate Baumol's research contributions... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 206
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    William J. Baumol was one of the most prolific economists of his generation, analyzing a broad range of central economic issues addressing real problems of the world. In this essay, we present and critically evaluate Baumol's research contributions in entrepreneurship economics and point to areas for future research. Baumol contributed an impressive number of important insights, increasing our understanding of entrepreneurship from both a macro and a micro perspective. He also devoted a large part of his writings to discussing public policy, linking his theoretical insights with policy issues in practice. His analyses are rooted in contemporary mainstream neoclassical economics, and one of his main objectives was to integrate the entrepreneur into this tradition. Today, Baumol is best known for his tripartite distinction between productive, unproductive, and destructive entrepreneurship and his associated idea that the institutional framework, "the rules of the game," will determine how entrepreneurs allocate their time and effort across different-productive or unproductive-activities. An institutional environment that encourages productive entrepreneurship and spontaneous experimentation while disincentivizing unproductive activities becomes, through this insightful lens, the driving force of economic growth. As an economist, Baumol was knowledgeable and well acquainted with earlier scholars and their writings about entrepreneurship. Baumol's writings were greatly inspired by Joseph Schumpeter's views on entrepreneurship, and he made several attempts to formalize Schumpeter's concept of the innovative entrepreneur. Baumol was in all senses an innovative contributor to entrepreneurship economics. His work has inspired the research community of entrepreneurship scholars, but like all great scientists, he also encountered criticism.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/247885
    Schriftenreihe: IFN working paper ; no. 1403 (2021)
    Schlagworte: Entrepreneurship; Innovation; Institutions; Rent seeking
    Umfang: 1 Online-Ressource (circa 27 Seiten)
  2. Moonshots and the new industrial policy
    questioning the mission economy
    Autor*in: Henrekson, Magnus; Sandström, Christian; Stenkula, Mikael
    Erschienen: January 9, 2024
    Verlag:  Research Institute of Industrial Economics, Stockholm, Sweden

    The notion that society should be organized around large so-called missions has gained momentum in public debate, and the reemergence of active industrial policy across the world has been inspired by academic scholars promoting the idea of... mehr

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    The notion that society should be organized around large so-called missions has gained momentum in public debate, and the reemergence of active industrial policy across the world has been inspired by academic scholars promoting the idea of Mission-Oriented Innovation Policies (MOIPs). The volume Moonshots and the New Industrial Policy: Questioning the Mission Economy provides a comprehensive assessment and normative critique of the efficacy of such policies. Besides the introductory chapter, it consists of 16 chapters distributed across three overarching themes: theoretical perspectives, empirical evidence, and alternative paths. This paper provides some additional analysis, pins down the most important general conclusions and suggests future research questions. Today's economies are highly dependent on a well-functioning process of decentralized experimentation, selection, and screening. Instead of large scale MOIPs, governments should strive to create an institutional framework that levels the playing field for potential entrepreneurs while encouraging productive entrepreneurship.

     
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: IFN working paper ; no. 1484 (2023)
    Schlagworte: Mission-oriented policies; Innovation policy; New industrial policy; Moonshots; Rent seeking; Public choice
    Umfang: 1 Online-Ressource (circa 27 Seiten)
  3. Learning from overrated mission-oriented innovation policies
    seven takeaways
    Autor*in: Henrekson, Magnus; Sandström, Christian; Stenkula, Mikael
    Erschienen: December 8, 2023
    Verlag:  Research Institute of Industrial Economics, Stockholm, Sweden

    This paper integrates findings from several different case studies on Mission-Oriented Innovation Policies (MOIPs) and makes use of existing literature to briefly describe three other missions: The War on Cancer, homeownership in the United States,... mehr

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    DS 206
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    This paper integrates findings from several different case studies on Mission-Oriented Innovation Policies (MOIPs) and makes use of existing literature to briefly describe three other missions: The War on Cancer, homeownership in the United States, and the Swedish Million Program. Together with the analyses in the contributions in the volume Moonshots and the New Industrial Policy: Questioning the Mission Economy, seven takeaways regarding mission-oriented innovation policies are developed and described: 1) wicked problems cannot be solved through missions, 2) politicians and government agencies are not exempt from self-interest, 3) MOIPs are subject to rent seeking and mission capture, 4) policymakers lack information to design MOIPs efficiently, 5) MOIPs distort competition, 6) government support programs distort incentives and result in moral hazard, and 7) MOIPs ignore opportunity costs. These seven takeaways are illustrated using the cases described in this essay and in other contributions in the above-mentioned volume

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: IFN working paper ; no. 1478 (2023)
    Schlagworte: Mission-oriented policies; Innovation policy; New industrial policy; Moonshots; Rent seeking; Public choice
    Umfang: 1 Online-Ressource (circa 20 Seiten)
  4. Mafia, elections and violence against politicians
    Autor*in: Daniele, Gianmarco; Dipoppa, Gemma
    Erschienen: [2016]
    Verlag:  Institut d’Economia de Barcelona, Barcelona

    Standort:
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; 2016, 29
    Schlagworte: Organized crime; Political violence; Elections; Rent seeking
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  5. Are investors ethics agnostic?
    Autor*in: Jaikumar, Saravana; Pingali, Viswanath; Virmani, Vineet
    Erschienen: 2015
    Verlag:  IIMA, Ahmedabad

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Indian Institute of Management Ahmedabad ; 2015,03,12
    Schlagworte: Rent seeking; Business ethics
    Umfang: Online-Ressource (29 S.)