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Entry and Entrepreneurship: The Case of Post-Communist Russia

Author

Listed:
  • Boettke Peter J.

    (George Mason University)

  • Butkevich Bridget I.

    (George Mason University)

Abstract

Boettke and Butkevich argue that a vibrant society is an entrepreneurial society. Entrepreneur- ial effectiveness is a function of the free movement of economic actions - their alertness to opportunities for mutual gain, and their sense of when and where to enter and exit a market. Boettke and Butkevich focus not so much on the behavior of entrepreneurship, but the institutional conditions within which entrepreneurship takes place. They argue that policies which hinder the above ground legitimate expression of entrepreneurial discovery must be eliminated for the further development of the Russian economy towards a market system and away from the current "virtual economy". Institutions of governance must be established which reduce political uncertainty and encourage individuals to be willing to bet on their ideas and find the financing to bring those bets to life.Boettke et Butkevich suggèrent que l'activité entrepreneuriale est la force motrice d'une société. L'efficacité de l'activité entrepreneuriale dépend de la libre circulation des acteurs économiques - leur vigilance à l'égard des opportunités de gains mutuels, et leur jugement concernant les moment et lieu opportuns pour entrer sur un marché ou en sortir. Les auteurs mettent l'accent, pas tant sur le comportement des entrepreneurs, que sur les aménagements institutionnels à l'intérieur desquels l'activité entrepreneuriale a lieu. Ils considèrent que les politiques qui font obstacle aux manifestations légitimes de découverte entrepreneuriale doivent être éliminées pour accompagner le développement de l'économie russe vers une économie de marché, distincte de l'actuelle "économie virtuelle". Des institutions de gouvernance qui réduisent l'incertitude politique doivent être établies. Ces institutions devraient aussi encourager les individus à parier sur leurs idées et à trouver des sources de financement pour instaurer ces idées.

Suggested Citation

  • Boettke Peter J. & Butkevich Bridget I., 2001. "Entry and Entrepreneurship: The Case of Post-Communist Russia," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 11(1), pages 1-26, March.
    • Handle: RePEc:bpj:jeehcn:v:11:y:2001:i:1:n:7
    DOI: 10.2202/1145-6396.1006
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    References listed on IDEAS

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    Cited by:

    1. Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 403-450, December.

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