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Investment in innovation in industrialized economies increasingly is taken over by large firms that operate their own R&D divisions and transform technological change into a routine bureaucratized process. Powerful competitive forces require firms to do this for survival. But such routinized...
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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 entrepreneurhas almost completely been excluded from … microeconomics and standard theoretical models of the firm.«The Microtheory of Innovative Entrepreneurship» provides a framework for …
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How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free …
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