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At an AEI event on Thursday, Robert Litan of Bloomberg Government and Carl Schramm of Syracuse University charted a multifaceted policy path toward entrepreneurial growth, with Schramm emphasizing that Americans are fearful of growth. Basing their remarks on their just-released book "Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy," the two former Kauffman Foundation leaders clarified the importance of entrepreneurial activity in the economy. Litan highlighted the degree to which that activity has suffered since the financial crisis.
Litan argued that growth should be fostered by increasing visas for entrepreneurs, reforming the tax code, and retooling university entrepreneurship programs to more effectively commercialize their research. Furthermore, he argued that infrastructure privatization could play a key role in solving the federal budget deficit. Schramm followed Litan's remarks with a broader call for flexibility in policymaking and government institutions as well as a rejection of the ossification of ideas into rote perspectives to help develop an entrepreneurial ecosystem that fosters high growth firms.
In the wake of the Great Recession of 2009 and in the midst of America’s listless economic recovery, economists, policymakers and media pundits have argued at length about the health of the American capitalist system. In their just-released book “Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy,” Robert Litan and Carl Schramm chart a comprehensive path toward success, addressing key questions such as: How can seemingly unrelated policy categories — like immigration, education and finance — be collectively leveraged for future growth? What does responsible government belt-tightening look like? And what role must the entrepreneur play in this changing landscape?
Join Litan, Schramm and AEI’s Kevin Hassett for this book forum discussion. Books will be available for purchase after the event.
If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.
Registration and Lunch
Henry Olsen, AEI
Robert E. Litan, Bloomberg Government
Carl J. Schramm, Syracuse University
Question and Answer Session
Kevin A. Hassett, AEI
For more information, please contact Brad Wassink at [email protected], 202.862.7197.
For media inquiries, please contact Véronique Rodman at [email protected], 202.862.4871.
Kevin A. Hassett is the director of economic policy studies and a senior fellow at AEI. Before joining AEI, he was a senior economist on the board of governors of the U.S. Federal Reserve System, an associate professor of economics and finance at the Columbia Business School, and a policy consultant to the U.S. Department of the Treasury during the George H. W. Bush and Clinton administrations. He served as an economic adviser to the George W. Bush 2004 presidential campaign, as chief economic adviser to Senator John McCain during the 2000 presidential primaries, and as senior economic adviser to the McCain 2008 presidential campaign. Hassett also writes a column for National Review.
Robert E. Litan is director of research for Bloomberg Government in Washington, DC, the subsidiary of Bloomberg LLP that provides analysis and data on the impact of government policies on business. Litan has had a long career in public policy-related positions. From 2003 to the summer of 2012, he was vice president for research and policy at the Kauffman Foundation, while also serving as a senior fellow in the Economic Studies Program at the Brookings Institution. Litan has also served in a number of government positions. During the first term of the Clinton administration, he was deputy assistant attorney general for civil antitrust enforcement at the US Department of Justice and then an associate director of the Office of Management and Budget. During Clinton’s second term, he was a consultant to the Department of the Treasury on financial modernization and the effectiveness of the Community Reinvestment Act. Throughout his career, Litan has authored or co-authored 25 books; edited another 14; and authored or co-authored over 200 articles in journals, magazines, and newspapers on government policies affecting financial institutions, regulatory and legal issues, international trade, and the economy in general.
Henry Olsen is vice president and director of the National Research Initiative (NRI) at AEI. He disseminates and publicizes AEI's work to the academic community; works with AEI's visiting, adjunct, and NRI research fellows and commissions and supervises NRI projects and oversees the production of NRI publications. Olsen previously served as vice president for programs at the Manhattan Institute and as a judicial clerk to Danny J. Boggs, the chief judge of the US Court of Appeals for the Sixth Circuit.
Carl J. Schramm is University Professor at Syracuse University. Before this recent appointment, Schramm served as president and CEO of the Kauffman Foundation for 10 years where under his leadership, the foundation grew into a global institution becoming the largest private funder of economic research related to growth and innovation. Trained both as an economist and lawyer, Schramm began his career on the faculty of Johns Hopkins University, where he founded the Johns Hopkins Center for Health Care Finance and Management in 1980, and led the country's only post-doctoral training program in health finance, sponsored by the Robert Wood Johnson Foundation. He is a Batten Fellow at the Darden School of the University of Virginia, a fellow at the George W. Bush Institute, a member of the Council on Foreign Relations, and a fellow of the Royal Society of Arts. He received the George Eastman Medal from the University of Rochester in 2005.