... L26 L51 The costs of regulatory compliance can accumulate, eventually becoming so large that they discourage entrepreneurs from entering the market. The tollbooth theory posits that entrepreneurship is discouraged by politicians and bureaucrats who use regulation to extract rent from...

... with universities. Entrepreneurship Evasion R&D Defense Bureaucracy Regulation O38 H56 H80 L51 The effects of institutions on entrepreneurial behavior in a market setting have long been analyzed by economists. Baumol (1990) argued there is productive (i.e. value added...

... vivant John Maynard Keynes is said to have shed this mortal coil with the parting wisdom, “my only regret in life is that I didn’t drink enough Champagne” (if we take issue with his economics (see Buchanan and Wagner, 1997/2000), we must applaud his taste). B52 L51 N53 N54 Champagne...