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For years I’ve rejected the false choice that entrepreneurs are forced to make when it comes to the subjects of political science and comparative economics. First is the offer to buy in to the notion that there exists no natural connection between the underlying motivations and incentives which inspire entrepreneurs and their political and electoral choices.

... Reuven Brenner stands alone with his model of why people become entrepreneurs – persons who gamble on novel ideas. His emphasis on how declines in the wealth distribution inspire increased entrepreneurial activity and produce ‘profits’ offers refinements to both Schumpeter and Knight.

Read full article: , January 7, 2014