Description: Microtheory of Innovative Entrepreneurship, Hardcover by Baumol, William J., ISBN 0691145849, ISBN-13 9780691145846, Like New Used, Free P&P in the UK
An authoritative look at the microeconomics of entrepreneurship
Entrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet until fairly recently entrepreneurship was not considered worthy of serious economic study. Today, progress has been made to integrate entrepreneurship into macroeconomics, but until now the entrepreneur has been almost completely excluded from microeconomics and standard theoretical models of the firm. The Microtheory of Innovative Entrepreneurship provides the framework for introducing entrepreneurship into mainstream microtheory and incorporating the activities of entrepreneurs, inventors, and managers into standard models of the firm.
William Baumol distinguishes between the innovative entrepreneur, who comes up with new ideas and puts them into practice, and the replicative entrepreneur, which can be anyone who launches a new business venture, regardless of whether similar ventures already exist. Baumol puts forward a quasi-formal theoretical analysis of the innovative entrepreneurs influential role in economic life. In doing so, he opens the way to bringing innovative entrepreneurship into the accepted body of mainstream microeconomics, and offers valuable insights that can be used to design more effective policies. The Microtheory of Innovative Entrepreneurship lays the foundation for a new kind of microtheory that reflects the innovative entrepreneurs importance to economic growth and prosperity.
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Book Title: Microtheory of Innovative Entrepreneurship
Number of Pages: 264 Pages
Language: English
Publication Name: The Microtheory of Innovative Entrepreneurship
Publisher: Princeton University Press
Publication Year: 2010
Subject: Economics, Business
Item Height: 235 mm
Item Weight: 510 g
Type: Textbook
Author: William J. Baumol
Series: The Kauffman Foundation Series on Innovation and Entrepreneurship
Item Width: 152 mm
Format: Hardcover
