NOTES
1. The specific information on the contribution of new firms to jobs growth came from a recent Kauffman Foundation research report, “The Importance of Startups in Job Creation and Job Destruction,” The Kauffman Foundation Research Series: Firm Foundation and Economic Growth, July 2010.
2. For an understanding of the facts of entrepreneurship and how it drives growth, the best single overview is Shane, The Illusions of Entrepreneurship (New Haven, CT: Yale Press, 2008). Pages 106 to 108 are particularly relevant to my discussion in the introduction. Another important reference is Reynolds, Entrepreneurship in the United States: The Future Is Now (New York: Springer, 2007). On page 13 you will find the surprising extrapolation ...
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