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How do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical...
This book attempts to convey that ideas matter and China needs right ideas to defeat wrong ideas and to guide its future reform. The successes that China has accomplished over the last 40 years of reform and opening were the result of ideas defeating interests....
The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows...
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