In this testimony, senior research fellow Eileen Norcross advises the Florida House of Representatives on better courses of action regarding it's budget deficits, particularly in regard to education spending. As of today, the state of Florida faces a budget gap of at least $3 billion. The choices Florida’s government makes today are vital to Florida’s future.

This paper contributes to the Varieties of Capitalism paradigm by arguing that the absence of an analytical framework that accounts for the differences between firms warrants some more consideration. It argues that variation in firms can be explained as a function of the diverse modes of action chosen by entrepreneurs through the acquisition, combination, and recombination of resources in the economy to exploit profit opportunities.