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The Economy of Punishment

Harvard Business Review

And relatedly, how do we recognize a black-market innovator who may have all the talent of a Richard Branson or a Jay-Z, but lacks the opportunities for a leg-up in the formal economy? I suddenly realized I was meeting entrepreneurs in prison. To solve this problem, we first need to recognize the talents of the gangster.

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The Problems With Incubators, and How to Solve Them

Harvard Business Review

First-time entrepreneurs lack the seasoning to captain a steady ship through turbulent waters. Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. However, there are over 7,500 business incubators around the world.

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How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

The invention of modern transistors, the adoption of standardized shipping containers, and the advent of low-cost assembly lines in East Asia lowered costs and created larger markets for televisions and radios, setting the stage for an Asian manufacturing powerhouse. By the time that substantial U.S. Mind the Mittelstand.