November, 2007

Entrepreneurship or Entremanureship?

Digging through Romania's Institutional Environment for Transition Lessons
  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Peter Leeson

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
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Citation (Chicago Style)

Boettke, Peter J., Christopher Coyne and Peter T. Leeson. “Entrepreneurship or Entremanureship? Digging through Romania's Institutional Environment for Transition Lessons,” In Making Poor Nations Rich: Entrepreneurship and the Process of Development, edited by Benjamin Powell, 223-249. Stanford, CA: Stanford University Press, 2007.

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Europeans have also labored under institutions that inhibit productive entrepreneurship. In Romania, entrepreneurs have shied away from making significant investments, because the country’s regulatory framework has been “reformed” too often since the fall of state socialism, explain Peter Boettke, Christopher Coyne, and Peter Leeson. Regulatory uncertainty and rampant bribery have driven many capable people to seek employment in the government bureaucracy, rather than become productive entrepreneurs.