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The Microtheory of Innovative Entrepreneurship (Hardcover) Loot Price: R1,296
Discovery Miles 12 960
The Microtheory of Innovative Entrepreneurship (Hardcover): William J. Baumol

The Microtheory of Innovative Entrepreneurship (Hardcover)

William J. Baumol

Series: The Kauffman Foundation Series on Innovation and Entrepreneurship

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Loot Price R1,296 Discovery Miles 12 960 | Repayment Terms: R121 pm x 12*

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Entrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet until fairly recently entrepreneurship was not considered worthy of serious economic study. Today, progress has been made to integrate entrepreneurship into macroeconomics, but until now the entrepreneur has been almost completely excluded from microeconomics and standard theoretical models of the firm. "The Microtheory of Innovative Entrepreneurship" provides the framework for introducing entrepreneurship into mainstream microtheory and incorporating the activities of entrepreneurs, inventors, and managers into standard models of the firm.

William Baumol distinguishes between the innovative entrepreneur, who comes up with new ideas and puts them into practice, and the replicative entrepreneur, which can be anyone who launches a new business venture, regardless of whether similar ventures already exist. Baumol puts forward a quasi-formal theoretical analysis of the innovative entrepreneur's influential role in economic life. In doing so, he opens the way to bringing innovative entrepreneurship into the accepted body of mainstream microeconomics, and offers valuable insights that can be used to design more effective policies. "The Microtheory of Innovative Entrepreneurship" lays the foundation for a new kind of microtheory that reflects the innovative entrepreneur's importance to economic growth and prosperity.

General

Imprint: Princeton University Press
Country of origin: United States
Series: The Kauffman Foundation Series on Innovation and Entrepreneurship
Release date: July 2010
First published: 2010
Authors: William J. Baumol
Dimensions: 235 x 152 x 23mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 264
ISBN-13: 978-0-691-14584-6
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship
LSN: 0-691-14584-9
Barcode: 9780691145846

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