1. Introduction: Gauging and Explaining Economic Performance in Continental Europe / Hans-Werner Sinn -- 2. Entrepreneurship in Europe and the United States: Security, Finance, and Accountability / Andrzej Rapaczynski -- 3. Europe's Venture Capital Institutions Are Good Enough / Richard Robb -- 4. Promoting Entrepreneurship: What Are the Real Policy Challenges for the European Union? / Anders N. Hoffmann -- 5. Innovations to Foster Risk-Taking and Entrepreneurship / Robert J. Shiller -- 6. Europe: Cultural Adjustment to a New Kind of Capitalism? / Harold James -- 7. Venturesome Consumption, Innovation, and Globalization / Amar Bhide -- 8. Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data? / Ioana Marinescu -- 9. Policies to Create and Destroy Human Capital in Europe / Bas Jacobs -- 10. Market Forces and the Continent's Growth Problem / Gylfi Zoega -- 11. Controversies about Work, Leisure, and Welfare in Europe and the United States / Robert J. Gordon -- 12. Revisiting the Nordic Model: Evidence on Recent Macroeconomic Performance / Jeffrey D. Sachs -- 13. Welfare State and the Forces of Globalization / Hans-Werner Sinn -- 14. Payroll Taxes, Wealth, and Employment in Neoclassical Theory: Neutrality or Nonneutrality? / Hian Teck Hoon -- 15. Economic Culture and Economic Performance: What Light Is Shed on the Continent's Problem? / Edmund S. Phelps.