Includes bibliographical references (p. [172]-199) and index.

1. Progress and entrepreneurship -- 2. Growth versus progress -- 3. Entrepreneurship versus management -- 4. Equilibrium versus the invisible hand -- 5. Entrepreneurship and knowledge -- 6. The origins of entrepreneurial opportunities -- 7. Markets, entrepreneurship, and progress -- 8. Institutions and entrepreneurship -- 9. National income accounting and public policy -- 10. The political environment and entrepreneurship -- 11. Conclusion.

"The policy conclusions of mainstream economic growth theory focus on investment in physical and human capital and on technological improvements, whereas this volume's approach shows that an institutional structure that promotes entrepreneurship is the crucial factor that produces economic progress. Entrepreneurship and Economic Progress discusses the institutional features that promote entrepreneurship and draws on historical examples from the twentieth century to illustrate its major points."--BOOK JACKET.