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
- DOI https://doi.org/10.1057/9780230374461
- Copyright Information Palgrave Macmillan, a division of Macmillan Publishers Limited 1992
- Publisher Name Palgrave Macmillan, London
- eBook Packages Palgrave Economics & Finance Collection
- Print ISBN 978-1-349-39075-5
- Online ISBN 978-0-230-37446-1
- Buy this book on publisher's site
- Industry Sectors
- Finance, Business & Banking