Quarterly Journal of Austrian Economics
Author:
Frank Hefner
Douglas P. Woodward
Online Publish Date:
of oppression have been removed, the entrepreneurial spirit will rise. The innovativeness of entrepreneurship lies in the ability of some new businesses to read simply in the short run as arbitrageurs, but in the longer term as fillers of innovative niches. The transition in Romania represents a unique opportunity to or price controls for private companies. Coca-Cola did agree to a limited layoff policy for two years in the case of one of its joint ventures. Since the Romanian