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The Entrepreneurial Factor in Economic Growth

  • Authors
  • Harold Lydall

Table of contents

  1. Front Matter
    Pages i-vi
  2. Harold Lydall
    Pages 1-10
  3. Harold Lydall
    Pages 11-22
  4. Harold Lydall
    Pages 23-35
  5. Harold Lydall
    Pages 36-48
  6. Harold Lydall
    Pages 49-57
  7. Harold Lydall
    Pages 58-79
  8. Harold Lydall
    Pages 80-89
  9. Harold Lydall
    Pages 90-98
  10. Back Matter
    Pages 99-104

About this book

Introduction

A crucial factor in economic growth - the supply of entrepreneurship - is largely neglected in modern economic theory. The main reason is that the theory is dominated by the model of perfect competition, which logically excludes any function for the entrepreneur. The standard model is also inconsistent with several obvious facts. Instead, the author proposes two alternative models of 'entrepreneurial competition', one for conditions of near-perfect competition in product markets and the other for imperfect competition in those markets.

Keywords

competition economic growth economic theory entrepreneur Entrepreneurs Entrepreneurship growth

Bibliographic information

Industry Sectors
Finance, Business & Banking