Young Back Choi is professor of economics at St. John’s University in New York. He received his Ph.D. in Economics from the University of Michigan. Professor Choi has published in the areas of entrepreneurship, institutional economics, eco­nomic development, income distribution and mobility, and the history of economic thought. His works appeared in numerous professional journals, including Constitutional Political Economy, Kyklos, Social Philosophy and Policy, History of Political Economy, Review of Social Economy, Human Systems Management, and Review of Austrian Economics. He is the author of Paradigms and Conventions: Uncertainty, Decision Making and Entre­preneurship (University of Michigan Press, 1993). His recent interests include re-examination of Adam Smith. His email address is choiyb@​stjohns.edu.