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Review of Benjamin Powell (ed): Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development

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07/30/2014Yuri N. Maltsev

Volume 11, No. 2 (2008)

 

Making Poor Nations Rich is a serious attempt to further develop the theory of entrepreneurship. Fourteen chapters of the book cover the most important issues of our time: wealth and poverty of nations, the role of entrepreneurship in economic and human development, economic performance of transitional economies with the stories of both winners and losers. Authors tackle an important question of how institutions affect economic outcomes, and how "with the death of the countries of 'really existing socialism,' the harder socialist panaceas based on the plan were seen to be dead ends, but a softer version based on the desire to have 'capitalism with a human face' still survives" (p. xiv). The book is a must to be read and discussed in any serious upper-level international economics and political economy class.

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Maltsev, Yuri. "Review of Benjamin Powell (ed): Making Poor Nations Rich: Entrepreneurship and the Process of Economic Development ." The Quarterly Journal of Austrian Economics 11, No. 2 (Spring 2008): 154–158.

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