This paper forges links between a dynamic theory of markets and the reality of long term market changes. Goods are seen as being linked to the range of actions which they make possible. Thus it can be shown that the evolution of markets is closely connected with changing knowledge and property...

We explore if the Knowledge Spillover Theory of Entrepreneurship, applied to FDI, provides at least a partial explanation for the greater emergence of recent knowledge-based entrepreneurship in Ireland compared with Wales. In order to examine how FDI and entrepreneurship policy in these two...