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In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six "stylized" propositions that are essential elements of...
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Purpose The purpose of this paper is to show that entrepreneurship can be fruitfully analyzed by positing that … and the entrepreneurship field by seeing entrepreneurship as the search for and creation of (entrepreneurial) rents … possibility to earn entrepreneurial rents, no entrepreneur would be willing to exercise entrepreneurship and exploit …
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