Professor at Case Western Reserve University
Scott Shane is the A. Malachi Mixon III professor of entrepreneurial studies at Case Western Reserve University. His books include
Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live by (Yale University Press, 2008) and Finding Fertile Ground: Identifying Extraordinary Opportunities for New Businesses (Pearson Prentice Hall, 2005).
By overcoming market failure in the development and financing of early-stage technology, the SBIR program makes possible commercial activity that would not otherwise have occurred.
Growing a Business
Any time you match sellers with buyers, you have to ensure both sides of the deal are growing proportionately.
Because of a range of factors, those looking for a rebound in entrepreneurship have a long wait.
Obamacare has created an incentive for business owners to navigate a different path than that which policymakers had intended.
The data suggest that rising wealth depresses business formation.
Twenty-five years years after the fall of the Berlin Wall, the residents of former communist countries still tend to hold more negative views of entrepreneurship than their counterparts elsewhere.
Since 2009, fewer Americans say their schools encourage the development of entrepreneurial principles.
Starting a Business
The fall in new company starts does not necessarily mean that the American economy is less dynamic than it used to be, or that Americans are opening up new establishments at a lower rate than they did in the late 1970s.
Like larger corporations, many small businesses are using outside help rather than hiring new employees.
Despite the recent rise in the number of small business loans, small business lending still has not returned to their highs.
For a large number of people to replace their gasoline-powered cars with electric- vehicles, many automakers need to make electric cars.
The SEC is considering higher financial thresholds for accredited investors. That might not limit angel financing as much as feared.
New-business job creation has declined, and not for the reasons you might think.
The Small Business Administration has done something rare: It united both sides of the aisle in opposition.
When calls for consumer protection come from competitors, policymakers should be cautious.
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