This article examines the economic value of entrepreneurship by reviewing recent empirical evidence. It systematically evaluates the contributions of entrepreneurs to employment generation, innovation, productivity, and growth, as well as the utility levels of individuals. Based on 57 high-quality studies, the authors conclude that entrepreneurs play a crucial but specific role in the economy. They generate relatively more employment, increase productivity, and produce and commercialize high-quality innovations. Entrepreneurs are also more satisfied with their jobs compared to employees. Additionally, entrepreneurial firms have significant spillover effects on regional employment growth rates in the long term. However, non-entrepreneurs contribute to GDP, have a more secure labor market, higher-paid jobs, and a greater number of innovations. The study is unique in its comprehensive review of high-quality economics and management literature, focusing on various types of contributions and evaluating entrepreneurs' performance relative to their counterparts.This article examines the economic value of entrepreneurship by reviewing recent empirical evidence. It systematically evaluates the contributions of entrepreneurs to employment generation, innovation, productivity, and growth, as well as the utility levels of individuals. Based on 57 high-quality studies, the authors conclude that entrepreneurs play a crucial but specific role in the economy. They generate relatively more employment, increase productivity, and produce and commercialize high-quality innovations. Entrepreneurs are also more satisfied with their jobs compared to employees. Additionally, entrepreneurial firms have significant spillover effects on regional employment growth rates in the long term. However, non-entrepreneurs contribute to GDP, have a more secure labor market, higher-paid jobs, and a greater number of innovations. The study is unique in its comprehensive review of high-quality economics and management literature, focusing on various types of contributions and evaluating entrepreneurs' performance relative to their counterparts.