What commercial entrepreneurs are to the American economy, social entrepreneurs are to social progress. Social entrepreneurship--the process of creating value by bringing together a unique package of resources to exploit an opportunity in pursuit of high social returns--is critical to American character and quality of life. Leaders in communities, nonprofit...

Social entrepreneurship suddenly has become fashionable in the world of education reform. On the presidential campaign trail, John McCain has declared his support for choice-based reform and entrepreneurial endeavors, while Barack Obama has proposed creating a public-private Social Entrepreneurship Agency in the White House and has voiced his admiration for...

Free enterprise is a declaration of what Americans truly value, as people know intuitively that it allows them to earn their success, and in turn to achieve the greatest levels of happiness.

An interview with Thomas K. McCraw on Schumpeter's work and influence.

The health care system is ready for change, but to make it better, politicians should embrace five principles for designing effective, sustainable reform.

The Lehman Brothers bankruptcy in the fall of 2008 threw a sharp and critical light on the inadequacies of the world's system for resolving insolvent, globally active financial institutions; a debtor-selection system could ameliorate many of these inadequacies.

Educational entrepreneurs aredeveloping exciting new reformsthat could change the face ofAmerican schools.

Georgia's embrace of progrowth economic policies in the midst of the worldwide downturn makes it a model for other developing countries.