Capital, Emerging High-Growth Firms and Public Policy: The Case Against Federal Intervention - Hardcover

by Terry F. Buss (Author)

Policy makers--Republican and Democrat, liberal and conservative--call for federal intervention to fund emerging high-growth industries, believing they are starved for capital. Congressional hearings, newspapers, industry newsletters, and government reports all assert that capital gaps exist for these firms. But the widely held belief that emerging high-growth firms like those in high technology--so vital to the growth of the U.S. economy--face severe capital gaps, preventing them from starting up or growing to their full potential, is false. This book systematically brings together, for the first time, disparate sources of information from a wide variety of disciplines and synthesizes them into a compelling case against federal intervention.

Author Biography

TERRY F. BUSS is Professor and Chairman of Public Management in the Sawyer School of Management at Suffolk University, Boston./e In addition to directing policy research centers at the University of Akron, Youngstown State University, and Ohio State University, he has worked as a visiting economist at the World Bank, Economics Division of the Congressional Research Service, and Council of Governors' Policy Advisors. He is the author of 10 books on public policy issues, focusing on entrepreneurship and economic development.