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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 …
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Uncertainty and institutions are each vital concepts in entrepreneurship research. However, little work has been done …
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theory of "political entrepreneurship." Political entrepreneurship is an outgrowth of the theory of the market entrepreneur … separating them analytically from other government agents. The essence of political entrepreneurship is the redirection of …
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This paper seeks to explore and to critically evaluate, from an economic standpoint, Joseph Schumpeter's theory of the decline of capitalism, as put forward in his Capitalism, Socialism, and Democracy. It begins by exploring and criticizing Schumpeter's entrepreneurial theory, and then explains...
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This paper analyzes the theory of “entrepreneurial incentives” in the work of Israel Kirzner. It argues that there is a logical problem with the notion of profit opportunities as exogenous causal agents: Without additional assumptions, the existence of opportunities alone does not...
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