Knowledge Problem

Recovery is About Entrepreneurship

Michael Giberson

The Kauffman Foundation offers a video of Tyler Cowen talking about blogging economics and other topics. Cowen wraps up with comments on current economic conditions in the United States:

If there is one point I could get through about the mess we’re in, it’s that even if you think that the government needs to do something proactive, that is a holding action. Recovery is about entrepreneurship.

Coincidentally, Kauffman Foundation president Carl Schramm discusses entrepreneurship and the economy in a profile appearing in the WSJ over the weekend, leading with this quote about “companies too big to fail”:

Carl Schramm doesn’t buy the idea that some businesses are “too big to fail.” That notion, says the president of the Kansas City-based Kauffman Foundation, only creates obstacles for entrepreneurs. Instead, he sees the failure of big companies as the “moment when 1,000 flowers can bloom.”

Both items recommended.

(HT to Tyler Cowen at Marginal Revolution and Chris Masse at Midas Oracle.)