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Boulevard of Broken Dreams by Josh Lerner

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PREFACE AND ACKNOWLEDGMENTS

The origin of this book was a dinner by the Persian Gulf a couple of years ago, on a balmy February evening. My host, alluding to my research on entrepreneurship, asked me what could be said to distill the definitive conclusions emerging from academic publications that could guide the design of a program to promote new businesses. The truthful answer, I had to report, was “Not much.”

This conversation brought home to me the gap between academic research and practice in the area of promoting entrepreneurship. This gap has its origins in two unhappy facts:

•  First, the academic literature is comparatively sparse: economists have turned only recently to the question of how to boost entrepreneurship. In contrast to other ...

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