This paper examines how productive entrepreneurial activities, such as innovation, influence unproductive entrepreneurial activities, such as regulatory rent seeking. We argue that the former may increase the latter. Confronted with a situation in which innovation erodes their monopoly returns,...

Many scholars have worried that regulation deters entrepreneurship because larger firms can overcome the costs of complying with regulations more easily than smaller firms. Using novel data on the extent of US federal regulations by industry at the four-digit NAICS (North American Industry...

1. Introduction -- 2. Entrepreneurship as Complex, Bundled Decisions: An Inframarginal Analysis -- 3. Diverted Attention During Recessions -- 4. Conceptualization of a Kirznerian-Ethnic Entrepreneur in Market Sociology -- 5. The Comparative Liberty-Dignity Context of Innovative Immigrant...

The most important distinction between Virginia political economy (VPE) and the other branches of public choice scholarship is a close affinity of the former to Austrian economics. Contributions in both the Virginia and the Vienna (Austrian) traditions have emphasized this connection and...