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About Theories of Entrepreneurship
The document provides an overview and critical analysis of three major theories of entrepreneurship: the Neoclassical theory associated with Marshall, the Schumpeterian theory, and the Neo-Austrian theory associated with Kirzner. It analyzes each theory, identifies their strengths and weaknesses, and discusses implications for market regulation. The Marshallian view focuses on equilibrium under perfect competition but fails to explain innovation and profit. Schumpeter's view emphasizes the role of entrepreneurs as innovators and the importance of protecting innovators, while Kirzner's view sees entrepreneurs as arbitragers who help markets clear through exploiting information differences.
Detailed Information
| Author: | ['Chetan Sharma'] |
|---|---|
| Publication Year: | 2011 |
| Pages: | 12 |
| Language: | English |
| Format: | |
| Price: | FREE |
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