Abstract
In this chapter we analyse theorists: Casson and Etzioni. They both identify the importance of entrepreneurship as a key function within market economies but do so by relating the concept to a wider societal framework. In this respect they incorporate a socio-economic aspect to their analyses rather than adopting a purely economic perspective. The respective approaches they adopt are somewhat different although it is possible to regard their theories as representing complementary perspectives. Both theorists essentially focus on the socio-economic factors which determine the demand for and supply of entrepreneurs.
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References and further reading
Casson, M. (1982) The Entrepreneur: An Economic Theory, Oxford, Martin Robertson.
Casson, M. (1990) Entrepreneurship, Aldershot, Edward Elgar.
Cyert, R.M. and J.G. March (1963) A Behavioural Theory of the Firm, Englewoods-Cliffs, NJ, Prentice-Hall.
Etzioni, A. (1987) ‘Entrepreneurship, Adaptation and Legitimation: A macro-behavioural perspective’, Journal of Economic Behaviour and Organization, Vol. 8, pp. 175–89.
Etzioni, A. (1988) A Moral Dimension: Towards a New Economics, New York, Harvester Free Press.
Friedman, M. (1982) Capitalism and Freedom, 2nd edn, Chicago, University of Chicago Press.
Hayek, F. (1988) The Fatal Conceit: The Errors of Socialism, London, Routledge.
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Scotland on Sunday (1997) ‘Branson Banks on a Smile’, 19 October.
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Weber, M. (1930) The Protestant Ethic and the Spirit of Capitalism, London, Allen and Unwin.
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© 2000 Keith S. Glancey and Ronald W. McQuaid
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Glancey, K.S., McQuaid, R.W. (2000). Socio-Economic Influences on Entrepreneurship. In: Campling, J. (eds) Entrepreneurial Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9780333981245_5
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DOI: https://doi.org/10.1057/9780333981245_5
Publisher Name: Palgrave Macmillan, London
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