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While the Klein & Saks team was working in the country, the Pontifical Catholic University of Chile entered into an academic agreement with the University of Chicago under the auspices of the U.S. government. The economists formed under this program would be very influential in Chile, as part of ...

Modern entrepreneurially driven capitalism is embedded in a global economy. Crucially, in this environment entrepreneurship must be viewed as a mobile resource. Entrepreneurs can thus "vote-with-their-feet" when deciding where to establish their businesses. The institutional context for entrepren...

Entrepreneurship has been associated with three categories of factors: (1) macroeconomic factors, such as unemployment and income; (2) factors related to government institutions, such as corruption and political stability; and (3) competitiveness-related factors, such as the capacity for innovati...

Statistical tests on a panel of data from 54 countries over the 2004–2009 period support the proposition that high income inequality and entrepreneurial activity share a positive linear relationship. In a novel approach, the dependent variable is defined from two independent and uncorrelated pers...

Venezuela’s political institutions have mutated from a subsidised coalition that almost privatised the oil industry to a populist nationalism that is polarising society to the brink of civil war. In this paper, I examine chavismo in Venezuela as a new and unusual revelatory phenomenon and the mos...

This article describes the features of Latin American populism, particularly those that characterised this phenomenon in Chile in the twentieth century, under the governments of Carlos Ibáñez del Campo (first term) and Salvador Allende, and in the twenty-first century, during part of the second t...

This article investigates the interrelated nature of instrumental freedoms and how they combine to engender financial inclusion among low-income entrepreneurs. Drawing from Sen's capabilities approach, we emphasize a need for understanding the freedoms associated with institutional arrangements a...