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Introduction to Public Policy in an Entrepreneurial Society

In: Public Policy in an Entrepreneurial Economy

Author

Listed:
  • Zoltan J. Acs

    (The George Mason University)

  • Roger R. Stough

    (The George Mason University)

Abstract

At a crossroads! Europe — with a long history of tightly managed economic and social structures designed to enhance state control – is now confronted by weakening growth, employment and collapsing social welfare systems (Audretsch, Grilo and Thurik, 2007). The U.S. - with its strong anti-statist traditions – maintained substantial control of the economy by the state until the 1970s. However, growing international competition forced the U.S. to rethink its position in the global marketplace. Economists regularly demonstrated how regulated systems actually create higher, not lower, costs for consumers. Thus, the U.S. began an economic era of reform and deregulation, which has led to the emergence of the present state: The Entrepreneurial Society (Acs and Audretsch, 2002).

Suggested Citation

  • Zoltan J. Acs & Roger R. Stough, 2008. "Introduction to Public Policy in an Entrepreneurial Society," International Studies in Entrepreneurship, in: Zoltan J. Acs & Roger R. Stough (ed.), Public Policy in an Entrepreneurial Economy, chapter 1, pages 1-22, Springer.
    • Handle: RePEc:spr:inschp:978-0-387-72663-2_1
    DOI: 10.1007/978-0-387-72663-2_1
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    Cited by:

    1. Alexander Ebner, 2010. "Varieties of Capitalism and the Limits of Entrepreneurship Policy: Institutional Reform in Germany’s Coordinated Market Economy," Journal of Industry, Competition and Trade, Springer, vol. 10(3), pages 319-341, September.
    2. Gaofetoge Ntshadi Ganamotse & Mikael Samuelsson & Ruth, M. Abankwah & Tibaingana Anthony & Thuso Mphela, 2017. "The Emerging Properties of Business Accelerators: The Case of Botswana, Namibia and Uganda Global Business Labs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 3(1), pages 16-40, January.
    3. Christopher Andrew Hartwell, 2014. "Capital Controls and the Determinants of Entrepreneurship," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 64(6), pages 434-456, December.

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