By Emilio Congregado
This quantity presents a complete overview of the theoretical techniques and empirical versions of entrepreneurship from a non-conventional standpoint. It makes contemporary advances within the idea and alertness of the economics of entrepreneurship obtainable to a much broader viewers, together with coverage makers. It emphasizes information requisites to enhance the long run learn time table and to permit for a greater layout and tracking of entrepreneurial policy.
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Additional resources for Measuring Entrepreneurship: Building A Statistical System (International Studies in Entrepreneurship)
Economic Journal 115:C190–C207 Paulson AL, Townsend R, Karaivanov A (2006) Distinguishing limited liability from moral hazard in a model of entrepreneurship. Journal of Political Economy 114:100–44 20 S. C. Parker Pissarides CA, Weber G (1989) An expenditure-based estimate of Britain‘s black economy. Journal of Public Economics 39:17–32 Polkovnichenko V (2003) Human capital and the private equity premium. Review of Economic Dynamics 6:831–45 Quadrini V (2000) Entrepreneurship, saving, and social mobility.
The entrepreneur is the agent responsible for converting a situation of uncertainty into a situation of risk. He tackles uncertainty, he determines the possible scenarios that could arise and analyses the probability of their occurring. The agent who is the owner of the financial resources will be the one who assumes the risk. Knight’s entrepreneur will have to venture to prophesize on the future and will act accordingly; his function is none other than to confront risk. The scenario where he acts is not a situation of imperfect information which he perceives and other economic agents ignore, as Kirzner claimed, but rather one where he will evaluate the future environment, a situation in which there is no information.
Menudo Carree MA (2002) Industrial restructuring and economic growth. Small Business economics 18(4):243–55 Carree MA, Thurik AR (2003) The impact of entrepreneurship on economic growth. In Audretsch DB, Acs ZJ (eds) Handbook of Entrepreneurship Research. Kluwer Academic Publishers, Boston Casson M (1982) The entrepreneur: An economic theory. Barnes & Noble Books, Totowa NJ Casson M (1997) Information and organization: A new perspective on the theory of the Firm. Oxford University Press, New York Casson M (2000) The Economics of Business Culture.