Microtheory of Innovative Entrepreneurship (eBook)

William J. Baumol (Autor)

eBook Download: EPUB

2010
264 Seiten
Princeton University Press (Verlag)
978-1-4008-3522-5 (ISBN)

Infos

An authoritative look at the microeconomics of entrepreneurshipEntrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet 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 entrepreneur has been almost completely excluded from microeconomics and standard theoretical models of the firm. The Microtheory of Innovative Entrepreneurship provides the framework for introducing entrepreneurship into mainstream microtheory and incorporating the activities of entrepreneurs, inventors, and managers into standard models of the firm.William Baumol distinguishes between the innovative entrepreneur, who comes up with new ideas and puts them into practice, and the replicative entrepreneur, which can be anyone who launches a new business venture, regardless of whether similar ventures already exist. Baumol puts forward a quasi-formal theoretical analysis of the innovative entrepreneur's influential role in economic life. In doing so, he opens the way to bringing innovative entrepreneurship into the accepted body of mainstream microeconomics, and offers valuable insights that can be used to design more effective policies. The Microtheory of Innovative Entrepreneurship lays the foundation for a new kind of microtheory that reflects the innovative entrepreneur's importance to economic growth and prosperity.

Autor

William J. Baumol is professor of economics and academic director of the Berkley Center for Entrepreneurial Studies at New York University. His many books include The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism and The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times (both Princeton).

Produkt-Details

• Erscheint lt. Verlag: 1.7.2010
• Reihe/Serie: The Kauffman Foundation Series on Innovation and Entrepreneurship
• Reihe/Serie: The Kauffman Foundation Series on Innovation and Entrepreneurship
• Zusatzinfo: 1 halftone. 10 line illus. 4 tables.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
• Schlagworte: Allocative Efficiency • barriers to entry • bribery • Calculation • Capitalism • Commodity • Competition • Competition (economics) • Competitive advantage • consumer • Consumption (Economics) • Cost curve • Creative Destruction • Customer • Demand curve • developed country • disincentive • Economic Efficiency • Economic equilibrium • economic expansion • Economic Growth • Economic Life • Economics • Economic Warfare • economist • economy • Economy of the United States • Efficiency • Employment • Entrepreneurship • Expenditure • Expense • Externality • Factors of Production • Funding • High Tech • Incentive • income • income distribution • Independent inventor • Industrial Revolution • inefficiency • Institution • Intellectual Property • Investment • Investor • licensee • Lump sum • Marginal cost • Market (economics) • Market Economy • Marketing • Market Mechanism • Market Value • Microeconomics • Monopoly profit • obstacle • Oligopoly • opportunity cost • Outsourcing • Pareto Efficiency • Payment • payout • perfect competition • Poverty • poverty reduction • Present Value • Price Discrimination • Pricing • Production–possibility frontier • Productivity • Profit (economics) • Provision (accounting) • Public Good • purchasing power • Quantity • Rate of return • Requirement • Research and Development • Revenue • Social Cost • startup company • Supply and Demand • Supply (economics) • Tax • Technical progress (economics) • Technology • Technology Transfer • Theory of the Firm • Total Cost • Total revenue • Trade-off • Transfer Pricing • Utilization • Value (economics) • Value theory • Wealth • welfare • Welfare Economics • Welfare State
• ISBN-10: 1-4008-3522-4 / 1400835224
• ISBN-13: 978-1-4008-3522-5 / 9781400835225