Economic Development Incentives: Fostering Productive or Unproductive Entrepreneurship?

State and local economic development incentives have been touted as being incubators of job creation, business formation, and ultimately economic growth. However, to date little formal empirical work has been undertaken to evaluate how and whether economi

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Entrepreneurship and the Market Process Edited by Arielle John · Diana W. Thomas

Mercatus Studies in Political and Social Economy

Series Editors Virgil Henry Storr Mercatus Center George Mason University Fairfax, VA, USA Stefanie Haeffele Mercatus Center George Mason University Fairfax, VA, USA

Political economy is a robust field of study that examines the economic and political institutions that shape our interactions with one another. Likewise, social economy focuses on the social interactions, networks, and communities that embody our daily lives. Together, these fields of study seek to understand the historical and contemporary world around us by examining market, political, and social institutions. Through these sectors of life, people come together to exchange goods and services, solve collective problems, and build communities to live better together. Scholarship in this tradition is alive and thriving today. By using the lens of political and social economy, books in this series will examine complex social problems, the institutions that attempt to solve these problems, and the consequences of action within such institutions. Further, this approach lends itself to a variety of methods, including fieldwork, case studies, and experimental economics. Such analysis allows for deeper understanding of social phenomena, detailing the context, incentives, and interactions that shape our lives. This series provides a much-needed space for interdisciplinary research on contemporary topics on political and social economy. In much of academia today, scholars are encouraged to work independently and within the strict boundaries of their disciplines. However, the pursuit of understanding our society requires social scientists to collaborate across disciplines, using multiple methods. This series provides such an opportunity for scholars interested in breaking down the boundaries of disciplines in order to better understand the world around us.

More information about this series at http://www.palgrave.com/gp/series/15998

Arielle John · Diana W. Thomas Editors

Entrepreneurship and the Market Process

Editors Arielle John Mercatus Center George Mason University Fairfax, VA, USA

Diana W. Thomas Institute of Economic Inquiry Creighton University Omaha, NE, USA

Mercatus Studies in Political and Social Economy ISBN 978-3-030-42407-7 ISBN 978-3-030-42408-4 (eBook) https://doi.org/10.1007/978-3-030-42408-4 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general desc