Entrepreneurship theories The fundamental economic arguments

The chapter provides a starting point for studying the vast and growing subject of entrepreneurship by examining some of the economic theories and ideas that help us to make sense of the importance of entrepreneurship and innovation for economic and social development. It identifies critically the u...

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Bibliographic Details
Published inEntrepreneurship, Innovation and Regional Development pp. 55 - 89
Main Author Mitra, Jay
Format Book Chapter
LanguageEnglish
Published United Kingdom Routledge 2020
Taylor & Francis Group
Edition2
Subjects
National Innovation Systems
Schumpeter's Entrepreneur
David Audretsch
Knowledge Spillovers
SME Inter-nationalisation
Larger Firms
Kirzner's Idea
Opportunity Identification Process
SME Policy
Uncertainty Avoidance
Individual SME
Circular Flow
Productive Entrepreneurship
Venture Creation
Zoltan Acs
SME
Schumpeter's Work
Destructive Entrepreneurship
Social Enterprise UK
Kirzner's Entrepreneur
Knowledge Acquisition
USA's Leadership
Key Economic Theories
Schumpeter's Ideas
Small Firms
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Summary:The chapter provides a starting point for studying the vast and growing subject of entrepreneurship by examining some of the economic theories and ideas that help us to make sense of the importance of entrepreneurship and innovation for economic and social development. It identifies critically the use and application of key economic theories that help to obtain an understanding of how entrepreneurship allocates scarce resources, shapes markets and helps generate economic and social value while recognising the range and depth of economic analysis which illuminates and explains the practice of entrepreneurship and innovation. The chapter reflects on the foundations, the opportunities and limitations of economic theories of entrepreneurship and innovation.
ISBN:9781138685611
1138685615
9781138685628
1138685623
DOI:10.4324/9781315543130-3