If entrepreneurship remains as important to the economy as ever, then the continuing failure of mainstream economics to adequately account for entrepreneurship indicates that fundamental principles require re-evaluation. It seems no longer possible to expect that only theoretical refinements and...

The legal, economic, and policy environmentsthat comprise the system of innovation affect university knowledge productionand, consequently, the rate of technological change. These influences onknowledge transfer are identified and discussed. To understand the role of universities in creating and...

The principal argument examined is that entrepreneurs help to form innovative industrial clusters and spark regional competitive advantage. First, a model of the role of entrepreneurs in cluster formation is presented. An illustrative example of the model is then presented in the form of an...