Corpus ID: 1593631

Chapter 6 How Institutions of Liberty Promote Entrepreneurship and Growth

@inproceedings{Bjrnskov2012Chapter6H,
  title={Chapter 6 How Institutions of Liberty Promote Entrepreneurship and Growth},
  author={C. Bj{\o}rnskov and N. Foss},
  year={2012}
}
Introduction Because of its aggregate nature, much of the economics of growth seems “individualless,” growth being driven by the accumulation of capital along equilibrium growth paths and/or fuelled by investments in research and development with (probabilistically) known outcomes. Yet, individuals, and particularly entrepreneurs, are central to the growth process, a process propelled by individuals who exercise their judgment in the recognition, evaluation, and exploitation of opportunities… Expand

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