A Parting Thought: Market v. Political Entrepreneurship

Thanks again to Alex and Tyler for having me as a guest blogger this week. It has been a pleasure sharing thoughts with you about ideas, fashion, and politics.

My last nugget for the week is about how market and political entrepreneurs learn differently from failure. Market entrepreneurs learn from the relentless forces of profit and loss. They even host conferences and websites where they speak openly about their failures. In part because political entrepreneurs lack the same signals of profit and loss, this type of learning does not happen to the same extent in political markets. My co-author Wayne has further analysis on our blog.

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