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Entrepreneurship is the creation or ... traditional microeconomic theory did not formally ... entrepreneurship has been claimed as a major driver of economic growth ...
Current textbooks have only a passing reference to the concept of entrepreneurship and the entrepreneur. [4] Equilibrium models are central to mainstream economics, and exclude entrepreneurship. [5] Coase believed that economics has become a "theory-driven" subject that has moved into a paradigm in which
Entrepreneurial orientation has become one of the most established and researched constructs in the entrepreneurship literature. [2] [3] [4] A general commonality among past conceptualizations of EO is the inclusion of innovativeness, proactiveness, and risk-taking as core defining aspects or dimensions of the orientation.
Apart from originating theories on the entrepreneur and spatial economics, Cantillon also provided a dedicated theory on population growth. Unlike William Petty, who believed there always existed a considerable amount of unused land and economic opportunity to support economic growth, Cantillon theorised that population grows only as long as ...
Schumpeter was probably the first scholar to develop theories about entrepreneurship. For instance, the European Union's innovation program, and its main development plan, the Lisbon Strategy, are influenced by Schumpeter. The International Joseph A. Schumpeter Society awards the Schumpeter Prize.
Entrepreneurship Theory and Practice is a bimonthly peer-reviewed academic journal in the field of entrepreneurship studies. Article topics include, but are not limited to national and international studies of enterprise creation, small business management, family-owned businesses, minority issues in small business and entrepreneurship, new venture creation, research methods, venture financing ...
In 2003, Baumol received the Global Award for Entrepreneurship Research [20] "[f]or his persistent effort to give the entrepreneur a key role in mainstream economic theory, for his theoretical and empirical studies of the nature of entrepreneurship, and for his analysis of the importance of institutions and incentives for the allocation of ...
Innovation economics is a growing field of economic theory and applied/experimental economics that emphasizes innovation and entrepreneurship.It comprises both the application of any type of innovations, especially technological but not only, into economic use.