Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship, ranging from self-employment to small and medium size enterprises to technology- and innovation-driven startups, recent research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity of new firm entry, but rather by a small subset of high-growth startups that are primarily categorized as innovation-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We begin by distinguishing between the various forms of entrepreneurship, which are often confounded in both theory and empirical work. We lay out the current state of knowledge, and describe the challenges faced by researchers in the field, particularly around measurement, data and identification. We conclude with an overview of the major open questions and directions for future research in the area.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org

David Robinson of Duke University and NBER reviews “How Progress Ends: Technology, Innovation, and the Fate of Nations” by Carl Benedikt Frey. The Econlit abstract of this book begins: “Explores the dynamic interaction between technological change and economic progress, highlighting the fragility of progress by means of a historical analysis of autocracies and liberal democracies alike

Ryan Bubb of University of Southern California reviews “Good Company: Economic Policy after Shareholder Primacy” by Lenore Palladino. The Econlit abstract of this book begins: “Explores how ending shareholder primacy and reorienting corporate decision-making toward productivity would work in practice, focusing on how board members, employees, managers, shareholders, customers, and the broader public would understand their rights and responsibilities if they were operating together in pursuit of economic innovation

Vellore Arthi of University of California, Irvine, reviews “Controlling Contagion: Epidemics and Institutions from the Black Death to Covid” by Sheilagh Ogilvie. The Econlit abstract of this book begins: “Explores the past seven centuries of history to investigate how human societies dealt with epidemic disease, highlighting the features that have made institutional frameworks better at coordinating responses to epidemics and better at devising innovations to improve societal learning