How to make a dis-entrepreneur of the Schumpeterian entrepreneur: the impact of institutional settings on growth

Fiscal and monetary institutions are conspicuously omitted in the conventional theory of long-run economic growth. Moving from the Schumpeterian entrepreneur, who adopts new technology because its value, according to Tobin’s q, dominates the economic rents of existing capital, we argue that the Schumpeterian entrepreneur’s incentives to innovate change when he is transplanted into the public economy. We analyze two alternative institutional settings denoted as “long chain” and “short chain”. Through the “long chain” model we show that the Schumpeterian entrepreneur is driven towards “destructive creation” of new capital, thus becoming a political dis-entrepreneur, while the quasi-contractual “short chain” model provides incentives to innovate.     

DIVORCE EDUCATION FOR PARENTS AND CHILDREN IN JACKSON COUNTY, MISSOURI

This article outlines the implementation of a children's component of a court-connected, mandatory divorce education program in Jackson County, Missouri. The efforts made to include significant stakeholders in the planning and implementation process are described. The curriculum for adults and children is summarized, and the structure and administration of the program are presented. Class provider recruitment and teacher qualifications are presented, as well as an overview of the initial responses to the children's classes. The difficulties and successes described may give direction to others considering the inclusion of children in mandatory divorce education classes.     

Homosexuals in Western Armed Forces

Among his books are Peacekeepers and Their Wives;and Recruiting for Uncle Sam.     

Corporatism in Crisis: Stability and Change of Social Partnership in Austria

While recent developments in Western Europe provide numerous examples of the instability and decay of corporatist arrangements in the face of economic crisis, Austrian social partnership still exhibits remarkable stability. The article tries to explain this stability of corporatist politics in Austria. The Austrian case is also used to demonstrate some limitations of the academic literature on the breakdown of corporatism. However, stability in the Austrian case does not mean that nothing has changed. Changes have occurred within the existing institutional framework. Two main factors in the transformation of Austrian social partnership are pointed out, namely socio-cultural and political changes. Finally, some future perspectives of Austrian corporatism are outlined.     

The Swiss Business Foundation--a suitable estate planning vehicle for entrepreneurs?

Swiss ‘Business Foundations’ are certainly not themost obvious option for entrepreneurs wishing to conduct a businessor trade or to set up a holding structure. This article examinesselected legal and tax issues that arise when setting up sucha Swiss Business Foundation in order to determine in which circumstancesthese structures are suitable estate planning vehicles for entrepreneurs.