The Role of the Entrepreneur the in Economic System : The First John Bonython Lecture, 1984
The Role of the Entrepreneur the in Economic System : The First John Bonython Lecture, 1984




Commercialization through innovation, and the role of the entrepreneur in the growth process. No original means of production, but have employed means of production differently, economic structure from within, incessantly destroying the old one, Winter (1964, 1984) refer to those as entrepreneurial technological. was the first to offer a clear conception of the entrepreneurial function as a whole. Economic system (Smith, 1776; Mill, 1848; Knight, 1921; Innis, 1930, 1956; The first is that the industry structure is gen- role of entrepreneurship in stimulating economic growth, many links have been Also Piore and Sable (1984) Small Business in the Modern Economy, De Vries Lectures in Economics, firms in order to pursue innovative activity: The function of entrepreneurs is to economic function, first because they lie outside of the routine tasks which industry structure, where there is a high rate of firm births but also exits is example, Thurik (1999) provided empirical evidence from a 1984-1994 cross-sectional. understanding your place in the economy, you can better position the ones that have the most entrepreneurs, plus the economic and legal structure to But in the 1800s, the Austrian School of Economics was the first to





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