Re-understanding entrepreneurship : what it is and why it matters /

How do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical economics is a market theory without e...

Ausführliche Beschreibung

Gespeichert in:
1. Verfasser:
Zhang, Weiying
Weitere Verfasser:
Dale, Matthew (ÜbersetzerIn)
Format:
Elektronisch E-Book
Sprache:
Englisch
Veröffentlicht:
Cambridge : Cambridge University Press, 2024.
Ausgabe:
First edition.
Zusammenfassung:
How do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical economics is a market theory without entrepreneurship. This misconception distorts our understanding of how the real market works, leading to a theory of market failure that forms the common foundation of various government interventions. The market is not only an allocative process but, more importantly, a discovery and creative process. To understand the real market, Weiying Zhang argues that economics must shift from a price-centric to an entrepreneur-centric paradigm. Blending theory and narrative, Zhang intersects history with the present supporting his theory with relevant case studies. He argues that once entrepreneurship in the market is correctly understood, the foundation for government intervention is undermined and the economy can sustainably flourish.
Umfang:
1 online resource (xiii, 362 pages) : digital, PDF file(s).
Anmerkungen:
Title from publisher's bibliographic system (viewed on 02 May 2024).
Bibliografie:
Includes bibliographical references and index.
ISBN:
9781009453400
1009453408
9781009453417
1009453416
9781009453387
1009453386
Schlagworte:
Entrepreneurship.
Bezugswerke:
Links: