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Challenges of modern capitalism
The future of the U.S. market economy may well be determined by how we resolve three dilemmas: rising income inequality; improving our business culture; and providing important public services.
The engine of capitalist process: entrepreneurs in economic theory
Market economies rely on entrepreneurs as their driving force. In this article, Robert Formaini examines why entrepreneurs are important for us today. He traces the history of the concept of entrepreneurship in economic theory, showing how the concept's popularity has varied greatly since its first use. Formaini seeks to examine the concept's development as one of the key explanatory variables for profit, economic growth, and income differentials. Finally, he investigates the policy implications of adopting different views of entrepreneurs.
Book review: A capitalism for the people
Profit is not a four-letter word
The role of government in a free enterprise system
The invisible hand versus the iron fist
The churn among firms