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Entry and Entrepreneurship: The Case of Post-Communist Russia

Listed author(s):
  • Boettke Peter J.

    (George Mason University)

  • Butkevich Bridget I.

    (George Mason University)

Boettke and Butkevich argue that a vibrant society is an entrepreneurial society. Entrepreneur- ial effectiveness is a function of the free movement of economic actions their alertness to opportunities for mutual gain, and their sense of when and where to enter and exit a market. Boettke and Butkevich focus not so much on the behavior of entrepreneurship, but the institutional conditions within which entrepreneurship takes place. They argue that policies which hinder the above ground legitimate expression of entrepreneurial discovery must be eliminated for the further development of the Russian economy towards a market system and away from the current virtual economy. Institutions of governance must be established which reduce political uncertainty and encourage individuals to be willing to bet on their ideas and find the financing to bring those bets to life.Boettke et Butkevich suggèrent que lactivité entrepreneuriale est la force motrice dune société. Lefficacité de lactivité entrepreneuriale dépend de la libre circulation des acteurs économiques leur vigilance à légard des opportunités de gains mutuels, et leur jugement concernant les moment et lieu opportuns pour entrer sur un marché ou en sortir. Les auteurs mettent laccent, pas tant sur le comportement des entrepreneurs, que sur les aménagements institutionnels à lintérieur desquels lactivité entrepreneuriale a lieu. Ils considèrent que les politiques qui font obstacle aux manifestations légitimes de découverte entrepreneuriale doivent être éliminées pour accompagner le développement de léconomie russe vers une économie de marché, distincte de lactuelle économie virtuelle. Des institutions de gouvernance qui réduisent lincertitude politique doivent être établies. Ces institutions devraient aussi encourager les individus à parier sur leurs idées et à trouver des sources de financement pour instaurer ces idées.

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Article provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.

Volume (Year): 11 (2001)
Issue (Month): 1 (March)
Pages: 1-26

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Handle: RePEc:bpj:jeehcn:v:11:y:2001:i:1:n:7
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  1. Mancur Olson, 1996. "Distinguished Lecture on Economics in Government: Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 3-24, Spring.
  2. Anderson, Gary M & Boettke, Peter J, 1997. "Soviet Venality: A Rent-Seeking Model of the Communist State," Public Choice, Springer, vol. 93(1-2), pages 37-53, October.
  3. Israel Kirzner, 1999. "Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1), pages 5-17, January.
  4. Andrei Shleifer & Robert Vishny, 1992. "Pervasive Shortages under Socialism," RAND Journal of Economics, The RAND Corporation, vol. 23(2), pages 237-246, Summer.
  5. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
  6. Andrzej Rapaczynski, 1996. "The Roles of the State and the Market in Establishing Property Rights," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 87-103, Spring.
  7. Douglas W. Diamond, 1984. "Financial Intermediation and Delegated Monitoring," Review of Economic Studies, Oxford University Press, vol. 51(3), pages 393-414.
  8. Kirzner, Israel M, 1999. "Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 5-17.
  9. Richard E. Ericson & Barry W. Ickes, 2001. "original papers : A model of Russia's "virtual economy"," Review of Economic Design, Springer;Society for Economic Design, vol. 6(2), pages 185-214.
  10. Levy, David M, 1990. "The Bias in Centrally Planned Prices," Public Choice, Springer, vol. 67(3), pages 213-226, December.
  11. Moss, Laurence S, 2000. "Bankruptcy Reform in Russia: The Case for Creditor Rights in Russia," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 13(2), pages 121-146, September.
  12. Richard E. Ericson, 1991. "The Classical Soviet-Type Economy: Nature of the System and Implications for Reform," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 11-27, Fall.
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