Foundations and Trends R in Entrepreneurship Context Matters: Institutions and Entrepreneurship By Peter J. Boettke and Christopher J. Coyne Contents 1 Introduction 136 2 What Are Institutions? 139 2.1 Institutions Defined 139 2.2 A History of Institutions in Economics 143 2.3 Four Views on the Emergence of Institutions 150 3 How Institutions Matter for Economic Outcomes 156 3.1 Institutions, Exchange and the Extended Order 156 3.2 Entrepreneurship: Productive, Unproductive, Destructive, and Evasive 159 3.3 Socialism, Private Property, and Economic Calculation 164 4 Social Entrepreneurship 171 4.1 What is Social Entrepreneurship? 171 4.2 Existing Literature on Social Entrepreneurship 172 4.3 Social Entrepreneurship and Economic Calculation 175 5 Political Entrepreneurship 180 5.1 What is Political Entrepreneurship? 180 5.2 Existing Literature on Political Entrepreneurship 181 5.3 Political Entrepreneurship and Economic Calculation 183