"Most people think of entrepreneurship as being the 'productive' kind [...] Baumol was worried, however, by a very different sort of entrepreneur: the “unproductive” ones, who exploit special relationships with the government to construct regulatory moats, secure public spending for their own benefit, or bend specific rules to their will [...]"

This might be currently happening e. g. in the US, the authors argue:



@stefanieschulte might be? I think it's been a damned certainty for the last 30 years.

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