Renewing the Entrepreneurial Strength of the American Economy
Where some people see problems, entrepreneurs see opportunities. The optimistic natures of people who start innovative companies – backed by a few policy reforms – are the keys to building a stronger U.S. economy. That's the premise of Better Capitalism, a new book being illustrated in the latest Kauffman Foundation sketchbook.
The sketchbook explains the book's focus on the importance of new firms and high-growth companies to the U.S. economy. The co-authors, Robert E. Litan, director of research at Bloomberg Government, and Carl J. Schramm, university professor at Syracuse University, identify four policy reform areas – immigration, education, finance and federal support of university research – that are necessary for generating new firms and helping them to grow.
"If we adopt these policies, we'll all be better off," says Litan, who narrates the sketchbook. "The faster economies grow, the faster living standards grow. It's what's given us a better life…We want to be able to pass it on to the next generation."
In Better Capitalism, Litan and Schramm expand on their previous widely praised book, Good Capitalism, Bad Capitalism, to offer a practical blueprint to restore the vigor of the American economy.