market economy. This chapter examines one such example: the growing field of social entrepreneurship. Although it attracts … major interest in management studies, social entrepreneurship has received scant attention from economists. This chapter … resolves this oversight by placing the theory of social entrepreneurship on an economic foundation. It outlines the economic …

until fairly recently entrepreneurship was not considered worthy of serious economic study. Today, progress has been made to … integrate entrepreneurship into macroeconomics, but until now the entrepreneur has been almost completely excluded from … microeconomics and standard theoretical models of the firm. The Microtheory of Innovative Entrepreneurship provides the framework for …