Can We Revive the Miracle of American Entrepreneurship?

Entrepreneurship has always been the greatest competitive advantage of the U.S. economy. However, since the Great Recession, roughly 1 million entrepreneurs have gone missing; that is, they haven’t created companies. Why is this the case? What are the implications? What lies ahead? We’ll show you.

At the start of the 1970s, about 3 percent of U.S. households started a new business every year. By the end of the ‘80s, that rate had increased by a third. By the end of the 90s, it had risen again, by almost a f.....