Entry and Entrepreneurship: The Case of Post-Communist Russia

Abstract

Boettke and Butkevich argue that a vibrant society is an entrepreneurial society. Entrepreneur- ial effectiveness is a function of the free movement of economic actions their alertness to opportunities for mutual gain, and their sense of when and where to enter and exit a market. Boettke and Butkevich focus not so much on the behavior of entrepreneurship, but the institutional conditions within which entrepreneurship takes place. They argue that policies which hinder the above ground legitimate expression of entrepreneurial discovery must be eliminated for the further development of the Russian economy towards a market system and away from the current virtual economy. Institutions of governance must be established which reduce political uncertainty and encourage individuals to be willing to bet on their ideas and find the financing to bring those bets to life.Boettke et Butkevich suggerent que lactivite entrepreneuriale est la force motrice dune societe. Lefficacite de lactivite entrepreneuriale depend de la libre circulation des acteurs economiques leur vigilance a legard des opportunites de gains mutuels, et leur jugement concernant les moment et lieu opportuns pour entrer sur un marche ou en sortir. Les auteurs mettent laccent, pas tant sur le comportement des entrepreneurs, que sur les amenagements institutionnels a linterieur desquels lactivite entrepreneuriale a lieu. Ils considerent que les politiques qui font obstacle aux manifestations legitimes de decouverte entrepreneuriale doivent etre eliminees pour accompagner le developpement de leconomie russe vers une economie de marche, distincte de lactuelle economie virtuelle. Des institutions de gouvernance qui reduisent lincertitude politique doivent etre etablies. Ces institutions devraient aussi encourager les individus a parier sur leurs idees et a trouver des sources de financement pour instaurer ces idees.