12/16 Lunch: Zoltan Acs, Director of the Center for Entrepreneurship and Public Policy and University Professor, George Mason University

Entrepreneurship and the Great Recession

For 20 years since 1982, the US economy created millions and millions of jobs. During this time we had limited theory and little data to guide us, but good policy. Today the economy is in a deep recession and we are creating almost no new net jobs. We have no better theory but much better data to understand the role of firm but not very good policy.