Liberty and Entrepreneurship in Markets and Politics


This conference explored the nature and importance of entrepreneurship both in economic and political realms. It examined the theory that entrepreneurship is important not only for understanding why some countries have prospered and why some remain immersed in misery and poverty, but also for understanding why the institutional differences between those countries have persisted.


Conference Readings

Baumol, William J. "Entrepreneurship: Productive, Unproductive, and Destructive." The Journal of Political Economy 98, no. 5 (October 1990): 893-921.

Daokui Li, David, Junxin Feng and Hongping Jiang. “Institutional Entrepreneurs.” The American Economic Review 96, no. 2 (May 2006): 358-362.

Francois, Abel. "The Political Entrepreneur and the Coordination of the Political Process: A Market Process Perspective of the Political Market." The Review of Austrian Economics 16, no. 2/3 (2003): 153-168.

Fu-Lai Yu, Tony. “An Entrepreneurial Perspective of Institutional Change.” Constitutional Political Economy 12 (2001): 217-236.

Henrekson, Magnus. “Entrepreneurship: A Weak Link in the Welfare State?” Industrial and Corporate Change 14, no. 3 (March 11, 2005): 437-467.

Holcombe, Randall G. “Political Entrepreneurship and the Democratic Allocation of Economic Resources.” The Review of Austrian Economics 15, no. 2/3 (2002): 143-159.

Kirzner, Israel. Competition and Entrepreneurship. Chicago: The University of Chicago Press, 1973.

Schnellenbach, Jan. "Public Entrepreneurship and the Economics of Reform." Journal of Institutional Economics 3 (2007): 183-202.

Schumpeter, Joseph. Essays on Entrepreneurs, Innovations, Business Cycles, and the Evolution of Capitalism (4th Printing). Edited by Richard V. Clemence. New Brunswick: Transaction Publishers, 2000.

Schumpeter, Joseph A. Capitalism, Socialism and Democracy [3rd edition]. New York City: Harper Perennial Modern Thought, 2008.

Schumpeter, Joseph A. The Theory of Economic Development (4th Printing). Translated by Redvers Opie. Cambridge: Harvard University Press, 1951.

Wohlgemuth, Michael. "Political Entrepreneurship and Bidding for Political Monopoly." Journal of Evolutionary Economics 10 (2000): 273-295.