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This essay argues that the economic contribution of certain firms - be they small, young or rapidly growing - has to be understood in a broader context of creative destruction. Growth of some firms requires contraction and exit of some other firms to free up resources that can be reallocated to...
Persistent link: https://www.econbiz.de/10010320338
Persistent link: https://www.econbiz.de/10003917623
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the...
Persistent link: https://www.econbiz.de/10010281398
We demonstrate how successful entrepreneurship depends on a collaborative innovation bloc (CIB), a system of innovation … skills from which people are drawn or recruited to form part of a collaborative team, which is necessary for innovation …
Persistent link: https://www.econbiz.de/10012615413
innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an … innovation bloc of this kind, a system of innovation that evolves and within which activity takes place through time. The … innovation bloc consists of five pools of economic skills from which people are drawn or recruited to form part of a …
Persistent link: https://www.econbiz.de/10011917098
We are grateful for the comments to our article, and for the opportunity to respond to them. In our original contribution, we argued that the application of the EOE perspective could help make Austrian economics more concrete, relevant and persuasive, especially regarding policy prescriptions....
Persistent link: https://www.econbiz.de/10012145510
We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which …
Persistent link: https://www.econbiz.de/10012145531
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the...
Persistent link: https://www.econbiz.de/10005649232
We present the theory of the collaborative innovation bloc (CIB), an evolving system of innovation within which …
Persistent link: https://www.econbiz.de/10012133117
We are grateful for the comments to our article, and for the opportunity to respond to them. In our original contribution, we argued that the application of the EOE perspective could help make Austrian economics more concrete, relevant and persuasive, especially regarding policy prescriptions....
Persistent link: https://www.econbiz.de/10012021764