In this paper we confirm the universality of steadily rising education expenditures among OECD nations, as predicted by “Baumol and Bowen’s cost disease,” and show that this trajectory of costs can be expected to continue for the foreseeable future. However, we find that while the level of...

Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their...

Intro -- CONTENTS -- PREFACE -- 1 ENTREPRENEURSHIP AND GROWTH: A MISSING PIECE OF THE PUZZLE -- 2 WHY ECONOMIC GROWTH MATTERS -- 3 WHAT DRIVES ECONOMIC GROWTH? -- 4 CAPITALISM: THE DIFFERENT TYPES AND THEIR IMPACTS ON GROWTH -- 5 GROWTH AT THE CUTTING EDGE -- 6 UNLEASHING ENTREPRENEURSHIP IN...