Many entrepreneurs are engaged in activities where social value is destroyed. There is value in upgrading organisations so that do not provide low pay, hazardous jobs, or excessive hours of work. Weeding out entrepreneurs who are either avoiders or evaders requires institutions of governance that can align the incentives of entrepreneurs with growth that enhances social value. See: Why we need a formal economy
Dr. Errol D'Souza is a Professor of Economics and the Director at the Indian Institute of Management Ahmedabad. Errol studied Economics and Statistics at the University of Mumbai where he was awarded the Kashinath Trimbak Telang gold medal for obtaining the first rank in his M.A. (Economics) degree. He obtained his Ph.D. as a University Grants Commission National Research Fellow from the Jawaharlal Nehru University, New Delhi. Dr. D'Souza is Director, Rajasthan Shram Sarathi Association, Udaipur; and Executive Committee member of CMC Vellore Association & Council.