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The Rise of the Entrepreneurial Society

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  • Patrick Von Bargen
  • Doris Freedman
  • Erik R. Pages

Abstract

The rise of the entrepreneur has been one of the least understood phenomena affecting the U.S. economy for the past few decades. When business observers and economic developers do acknowledge the impact of entrepreneurship, they tend to think of rugged individualists who go it alone and respond to market forces alone. We argue that the real story is more complicated. U.S. government policies—from research and development funds to tax codes—played a critical role in creating an environment conducive to new fast-growing businesses. This policy mix—the American formula for growth—fostered a vibrant system in which entrepreneurs could thrive. Effective future policy requires that we understand the genesis of these initiatives and continue to support and nurture this system.

Suggested Citation

  • Patrick Von Bargen & Doris Freedman & Erik R. Pages, 2003. "The Rise of the Entrepreneurial Society," Economic Development Quarterly, , vol. 17(4), pages 315-324, November.
    • Handle: RePEc:sae:ecdequ:v:17:y:2003:i:4:p:315-324
    DOI: 10.1177/0891242403256783
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    Cited by:

    1. Timothy Komarek & Scott Loveridge, 2015. "Firm Sizes And Economic Development: Estimating Long-Term Effects On U.S. County Growth, 1990–2000," Journal of Regional Science, Wiley Blackwell, vol. 55(2), pages 262-279, March.
    2. Salvatore Corrente & Salvatore Greco & Melita Nicotra & Marco Romano & Carmela Elita Schillaci, 2019. "Evaluating and comparing entrepreneurial ecosystems using SMAA and SMAA-S," The Journal of Technology Transfer, Springer, vol. 44(2), pages 485-519, April.
    3. Maribel Guerrero & David Urbano, 2019. "Effectiveness of technology transfer policies and legislation in fostering entrepreneurial innovations across continents: an overview," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1347-1366, October.
    4. Christian Cancino & Claudio Bonilla & Marcos Vergara, 2016. "The impact of government support programs for the development of businesses in Chile," Serie Working Papers 28, Universidad del Desarrollo, School of Business and Economics.

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