The purpose of this paper is to provide a link between entrepreneurial activity on the one hand, and industry evolution and economic growth on the other. The role that entrepreneurship plays in innovative activity is explained. The link between entrepreneurship and industry evolution through the...

Discusses the role of globalization and the knowledge based economy as causes of increased entrepreneurship and presents some calculations about consequences. In particular, a two-way causation exists between entrepreneurship and unemployment: increased entrepreneurship decreases unemployment...

The present paper deals with the distinction between the models of the managed and entrepreneurial economies. It explains why the model of the entrepreneurial economy may be a better frame of reference than the model of the managed economy in the contemporary, developed economies. This is done...