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Kill All the Lawyers Entrepreneurs

On the heels of a severe recession, with stubbornly high unemployment and a still-sputtering recovery, economists and policy-makers are casting around for something -- anything -- that might jump-start economic growth and rapid job creation. One place we might expect them to look for ideas is our own economic history: Where have new jobs come…

Brain Gain: Why We Should Grant Visas to Immigrant Entrepreneurs

A recent post highlighted the importance of new and young companies to job creation in the U.S., implicitly raising an important question for policy makers: How can we increase the number of startups? Assuming it can be done, such an increase would not solve all of the economic challenges facing this country, but it would…

A Nation of Startups

A distinct sense of unease permeates the traditional spirit of American optimism. The unemployment rate appears stuck at 9.7 percent, and many project that it will fall to around only eight percent by 2012 and to perhaps five percent by the middle of the decade. Disquiet over jobs is joined by a vague fear that…

Champion Enterprise, Not Paternalism

The following piece was written for a conference on progressive governance being held this week in London by the Policy Network, an international think tank dedicated to promoting progressive policies: For many on the left, the near-collapse of America’s financial system during the winter of 2008-2009 was irrefutable proof of the failure of free market…

Translating Growth into Jobs

The U.S. economy ended 2009 with a bang, growing at a torrid pace of 5.7 percent in the final quarter of the year. That’s an impressive number at any time, but the Obama administration isn’t popping corks because, with at least 10 percent of Americans out of work, the nation’s mood is still in recession.…

To Fix Our Country, We Need to Fix Our Politics First

It’s the start of a brand new decade, but declinism hangs heavy in the air. And that, says writer Jim Fallows, is a good thing. Having returned from three years in China, Fallows finds America in a funk. Bled by war and terrorism, beset by a lingering financial crisis and stubbornly high unemployment, facing stagnant…