Entrepreneurship or Entremanureship?

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.