Created Thu, May 4, 2017 § Last Modified Thu, May 4, 2017
RQ “Do liquidity constraints hinder people from starting businesses?” (Evans and Jovanovic 1989, 808).
Situation Knight (1921) argues bearing risk is fundamental to entrepreneurship, while Schumpeter (1934) argues entrepreneurs identify arbitrage opportunities while capitalists bear the risk.1
Questions Difference between moral hazard and adverse selection? What is the current role of the U.S. Small Business Administration? How would it be affected by the current (Thu, May 4, 2017 9:28) administration’s proposed budget?