New Versions of Two Papers Online

I just found out that my paper “Economic Progress and Entrepreneurial Innovation: Case Studies from Memphis” was accepted by the Southern Journal of Entrepreneurship. The revised version is here. The abstract:

Entrepreneurial innovation encourages economic progress, and an institutional climate that encourages risk taking, rewards success, and weeds out failure is essential to a well-functioning economic system. This essay explores a cluster of path-breaking entrepreneurial innovations with common roots in Memphis, Tennessee: Piggly Wiggly’s popularization of self-serve grocery shopping, Holiday Inn’s innovations in standards and quality, Autozone’s adaption of insights from other industries, and FedEx’s creation of a distribution network that has made overnight shipping a reality.

Also, the editors were kind enough to allow me to post the published version (as it appeared in the journal) of my paper “Can’t Buy Me Growth: On Foreign Aid and Economic Change,” which appeared in the Journal of Private Enterprise at the end of 2009. The published version is here. This paper won third prize in the Independent Institute’s Garvey Fellowship Competition in 2007. The abstract:

Evidence suggests that foreign aid does not promote economic growth. Institutions which promote entrepreneurship do promote growth. Understanding where these institutions come from is paramount to success. This essay analyzes and summarizes theory and evidence regarding the relationship between aid and economic growth.

Cross-posted at Division of Labour and the Mises Blog.

Art Carden is a Research Fellow at the Independent Institute in Oakland, California, Associate Professor of Economics and Business at Rhodes College.
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