BOOK REVIEWS 97 interesting hypotheses about the Soviet economy being a rent seeking rather than a planned economy—that can eventually be tested against real-world Soviet data as they emerge. The application of modern political economy to explain the problems of transition has brought together the “old” and “new” economic specialists on the former Soviet Union. I am par- ticularly pleased that Boettke, unlike others, has taken the time to examine the Soviet past and in particular question the stereotypes of the Soviet administrative-command economy that Soviet specialists have been too willing to accept. Paul R. Gregory Professor of Economics University of Houston Pgregory@uh.edu. The Origin and Evolution of New Businesses by Amar V. Bhide. ´ Professor Amar V. Bhide ´’s book, The Origin and Evolution of New Businesses, is a breath of fresh air in today’s world of economics. Perhaps because it doesn’t pretend to be a book on the economics of the ﬁrm, but rather a systematic, multi-disciplinary research on the subject of entrepreneurship and the emergence and evolution of businesses. It should appeal to Austrian economists and others who don’t ﬁnd that mainstream ﬁrm theory adequately explains the emergence and growth of organizations. Bhide ´’s book is
The Review of Austrian Economics – Springer Journals
Published: Oct 18, 2004
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