Introduction to Public Policy in an Entrepreneurial Society

Zoltan Acs and Roger R. Stough
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Roger R. Stough: The George Mason University

Chapter 1 in Public Policy in an Entrepreneurial Economy, 2008, pp 1-22 from Springer

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).

Keywords: Small Business; Venture Capital; Entrepreneurial Activity; Entrepreneurial Firm; Business Formation (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/978-0-387-72663-2_1

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