Kirchhoff blends economics, business, and governemnt policy to
demonstrate that entrepreneurship's role in business formation and
growth energizes and maintains the viability of capitalism.
Entrepreneurs convert new ideas into marketable products and
services and use these to grab market shares from older,
established firms. This process not only produces economic growth,
but also redistributes resources so as to assure equitable
distribution within society. Acknowledging that this perception is
descriptive but lacks predictive power, Kirchhoff offers a typology
to assist in predictive theory building and to guide government
policy development.
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