January 1, 2012

The Brewer, the Baker, and the Monopoly Maker

  • Peter Leeson

    Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Diana Thomas

    Associate Professor of Economics, Creighton University
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Find the paper at Emerald Journals Online.

This paper seeks to examine how productive entrepreneurial activities, such as innovation, influence unproductive entrepreneurial activities, such as regulatory rent seeking. To investigate the argument the authors consider Bavaria's brewing industry in the fourteenth through sixteenth centuries using an analytic narrative approach.