, the state and institutional change. Tony Yu begins by discussing the nature of entrepreneurship and the firm followed by … an analysis of the role of entrepreneurship in economic change. He thoroughly analyses the process of economic … and extraordinary discovery are associated with routine or imitative entrepreneurship and Schumpetarian entrepreneurship …

capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture … investment, and output subsidies at the production stage. While these measures stimulate entrepreneurship, only cost …