“DECIPHERING THE POLITICAL ENTREPRENEUR’S BLACK BOX”: ON THE INCOME FUNCTION OF THE ULTIMATE DECISION MAKER IN STATE AFFAIRS
“DECIPHERING THE POLITICAL ENTREPRENEUR’S BLACK BOX”: ON THE INCOME FUNCTION OF THE ULTIMATE DECISION MAKER IN STATE AFFAIRS

Summary/Abstract: The present analysis builds upon a research topic which has been extensively, unevenly though, scrutinized in both modern economics and business literature: the theory of the entrepreneur. The aim is to bring to the attention of the academic community a new line of research focusing on the role played by the ultimate decision maker that activates in the political arena, i.e. the political entrepreneur. Our analysis is going to elaborate on the component parts of the income received by the political entrepreneur, starting from the catallactic split of the different economic, in the broad sense, functions he performs. This Austrian School approach can help economists to fine-tune their understanding of public policy decisions, crux issue for both making economic sense and doing business.

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