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What is the significance of entrepreneurship in an economy?
Scholars have argued that when the market is viewed as a process of
perpetual adjustment to various forces, and not as a set of
end-state prices and quantities simply arrived at, the role of the
entrepreneur comes to the fore. What then are fruitful ways to
conceive of the phenomenon of entrepreneurship? How do
entrepreneurs both respond to and shape larger forces in the
economy? In what ways can political institutions and government
regulation shape the decisions made by entrepreneurs, and their
responsiveness to consumers? How does the cultural environment
influence the types of opportunities that an entrepreneur will
notice and act on? Finally, is entrepreneurial behavior strictly
limited to activity we see in the market? This edited
volume-comprised of chapters by scholars and students studying from
the disciplines of sociology and economics-examines
entrepreneurship theoretically and applied to various cases. It
provides an overview of the economic literature on entrepreneurship
and puts forth a framework for understanding the market process, as
well the policy implications of government intervention and
cultural considerations in the market. It will be of use to any
scholars, students, practitioners or policymakers interested in
entrepreneurship.
This volume is intended to serve as a review of the "next
generation" of political economy scholars in what can be called the
"Wagnerian" tradition, which traces its roots to Buchanan and De
Viti De Marco in the 1930s, who argued that any decision that
results from a political entity must be the product of individual
decision makers operating within some framework of formal and
informal rules. To treat these decisions as if they were the
product of one single mind, or even simply the additive result of
several decisions, is to fundamentally misunderstand and
mischaracterize the dynamics of collective action. Today, Richard
Wagner is among the most prominent theorists in analyzing the
institutional foundations of the economy and the organization of
political decision-making. In this collection of original essays,
former students schooled in this tradition offer emerging insights
on public choice theory, public finance, and political economy,
across a range of topics from voting behavior to entrepreneurship.
What is the significance of entrepreneurship in an economy?
Scholars have argued that when the market is viewed as a process of
perpetual adjustment to various forces, and not as a set of
end-state prices and quantities simply arrived at, the role of the
entrepreneur comes to the fore. What then are fruitful ways to
conceive of the phenomenon of entrepreneurship? How do
entrepreneurs both respond to and shape larger forces in the
economy? In what ways can political institutions and government
regulation shape the decisions made by entrepreneurs, and their
responsiveness to consumers? How does the cultural environment
influence the types of opportunities that an entrepreneur will
notice and act on? Finally, is entrepreneurial behavior strictly
limited to activity we see in the market? This edited
volume-comprised of chapters by scholars and students studying from
the disciplines of sociology and economics-examines
entrepreneurship theoretically and applied to various cases. It
provides an overview of the economic literature on entrepreneurship
and puts forth a framework for understanding the market process, as
well the policy implications of government intervention and
cultural considerations in the market. It will be of use to any
scholars, students, practitioners or policymakers interested in
entrepreneurship.
This volume is intended to serve as a review of the "next
generation" of political economy scholars in what can be called the
"Wagnerian" tradition, which traces its roots to Buchanan and De
Viti De Marco in the 1930s, who argued that any decision that
results from a political entity must be the product of individual
decision makers operating within some framework of formal and
informal rules. To treat these decisions as if they were the
product of one single mind, or even simply the additive result of
several decisions, is to fundamentally misunderstand and
mischaracterize the dynamics of collective action. Today, Richard
Wagner is among the most prominent theorists in analyzing the
institutional foundations of the economy and the organization of
political decision-making. In this collection of original essays,
former students schooled in this tradition offer emerging insights
on public choice theory, public finance, and political economy,
across a range of topics from voting behavior to entrepreneurship.
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