Entrepreneurship And The Market Process PDF Download
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| Author | : Arielle John |
| Publisher | : Springer Nature |
| Total Pages | : 206 |
| Release | : 2020-12-14 |
| Genre | : Business & Economics |
| ISBN | : 3030424081 |
Download Entrepreneurship and the Market Process Book in PDF, ePub and Kindle
What is the significance of entrepreneurship in an economy? Scholars have argued that when the market is viewed as a process of perpetual adjustment to various forces, and not as a set of end-state prices and quantities simply arrived at, the role of the entrepreneur comes to the fore. What then are fruitful ways to conceive of the phenomenon of entrepreneurship? How do entrepreneurs both respond to and shape larger forces in the economy? In what ways can political institutions and government regulation shape the decisions made by entrepreneurs, and their responsiveness to consumers? How does the cultural environment influence the types of opportunities that an entrepreneur will notice and act on? Finally, is entrepreneurial behavior strictly limited to activity we see in the market? This edited volume—comprised of chapters by scholars and students studying from the disciplines of sociology and economics—examines entrepreneurship theoretically and applied to various cases. It provides an overview of the economic literature on entrepreneurship and puts forth a framework for understanding the market process, as well the policy implications of government intervention and cultural considerations in the market. It will be of use to any scholars, students, practitioners or policymakers interested in entrepreneurship.
| Author | : David A Harper |
| Publisher | : Routledge |
| Total Pages | : 429 |
| Release | : 2002-01-08 |
| Genre | : Business & Economics |
| ISBN | : 1134791607 |
Download Entrepreneurship and the Market Process Book in PDF, ePub and Kindle
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.
| Author | : David A Harper |
| Publisher | : Routledge |
| Total Pages | : 409 |
| Release | : 2002-01-08 |
| Genre | : Business & Economics |
| ISBN | : 1134791593 |
Download Entrepreneurship and the Market Process Book in PDF, ePub and Kindle
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.
| Author | : Israel M Kirzner |
| Publisher | : Routledge |
| Total Pages | : 254 |
| Release | : 2002-09-11 |
| Genre | : Business & Economics |
| ISBN | : 1134915500 |
Download The Meaning of the Market Process Book in PDF, ePub and Kindle
Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.
| Author | : Israel M. Kirzner |
| Publisher | : |
| Total Pages | : 81 |
| Release | : 2012-02-16 |
| Genre | : Austrian school of economics |
| ISBN | : 9780255366762 |
Download How Markets Work Book in PDF, ePub and Kindle
Mainstream neo-classical economics focuses on already attained states of equilibrium. It is silent about the processes of adjustment to equilibrium; Human action consists of 'grappling with an essentially unknown future', not being confronted with clearly specified objectives, known resources and defined courses of action as mainstream theory assumes; Critics of the market economy find ammunition in neo-classical theory: they 'merely need to tick off the respects in which real world capitalism departs from the requirements for perfectly competitive optimality'; The theory of entrepreneurial discovery allows economists to escape from the 'analytical box' in which 'choice' simply consists of computing a solution implicit in given data; An entrepreneurial act of discovery consists in 'realising the existence of market value that has hitherto been overlooked'. Scope for entrepreneurial discovery occurs in a world of disequilibrium -- which is quite different from the equilibrium world of mainstream economics where market outcomes are foreordained; Entrepreneurial discovery explains why one price tends to prevail in a market. Though new causes of price differences continually appear, entrepreneurs exploit the resulting profit opportunities and produce a tendency towards a single price; Only with the introduction of entrepreneurship is it possible to appreciate how markets work. Without entrepreneurship, there would be no market co-ordination; So-called 'imperfections' of competition are often 'crucial elements in the market process of discovery and correction of earlier entrepreneurial errors'; Advertising expenditures, for example, are means of alerting consumers to 'what they do not know that they do not know'. Anti-trust laws may hamper market processes and prevent competitive entry to markets; so. Entrepreneurial profit, far from generating injustice, is a 'created gain'. It is not `sliced from a pre-existing pie ... it is a portion which has been created in the very act of grasping it'.
| Author | : David A Harper |
| Publisher | : Routledge |
| Total Pages | : 289 |
| Release | : 2003-03-13 |
| Genre | : Business & Economics |
| ISBN | : 1134741553 |
Download Foundations of Entrepreneurship and Economic Development Book in PDF, ePub and Kindle
This well-written book is the first to deal with entrepreneurship in all its aspects. It considers the economic, psychological, political, legal and cultural dimensions of entrepreneurship from a market-process perspective. David A Harper has produced a volume that analyses why some people are quicker than others in discovering profit opportunities. Importantly, the book also covers the issue of how cultural value systems orient entrepreneurial vision and, in contrast to conventional wisdom, the book argues that individualist cultural values are not categorically superior to group oriented values in terms of their consequences for entrepreneurial discovery.
| Author | : Israel M. Kirzner |
| Publisher | : University of Chicago Press |
| Total Pages | : 258 |
| Release | : 2015-07-10 |
| Genre | : Business & Economics |
| ISBN | : 022637548X |
Download Competition and Entrepreneurship Book in PDF, ePub and Kindle
Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics. Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources." Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.
| Author | : Robert D. Hisrich |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : |
| Release | : 2018-10-26 |
| Genre | : Business & Economics |
| ISBN | : 178811132X |
Download Entrepreneurial Marketing Book in PDF, ePub and Kindle
One key for success for an entrepreneur is to obtain sales (revenue) and profits as quickly as possible upon launching the venture. Entrepreneurial Marketing focuses on this and the essential elements of success in order to achieve these needed sales and revenues and then grow the company. The authors build a comprehensive, state-of-the-art picture of entrepreneurial marketing issues, providing major theoretical and empirical evidence that offers a clear, concise view of the field.Through an international approach that combines both theoretical and empirical knowledge on entrepreneurship and marketing, this book informs and enhances an entrepreneurs' creativity, their ability to bring innovations to the market and their willingness to face risk and change the world. Key components addressed include: identifying and selecting the market, determining the consumer needs cost-effectively, executing the basic elements of the marketing mix (product, price, distribution, and promotion) and competing successfully in the domestic and global markets by implementing a sound marketing plan. Numerous illustrative examples bring the content to life. The mix of theoretical content, examples, empirical analyses and case studies, make this book an excellent resource for students, professors, researchers, practitioners, and policymakers all over the world.
| Author | : Tom Eisenmann |
| Publisher | : Currency |
| Total Pages | : 370 |
| Release | : 2021-03-30 |
| Genre | : Business & Economics |
| ISBN | : 0593137027 |
Download Why Startups Fail Book in PDF, ePub and Kindle
If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.
| Author | : Peter J. Boettke |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download Entrepreneurship, and the Entrepreneurial Market Process Book in PDF, ePub and Kindle
“Economics,” Ludwig von Mises (1966, 252) famously wrote, “in speaking of entrepreneurs, has in view not men, but a definite function.” The entrepreneurial function is to be the driving force of the market economy. The entrepreneur acts on the basis of changing circumstances in market conditions to produce the accommodating adjustments in exchange and production. The ceaseless quest for profits by those eager entrepreneurs drive the market system toward realizing the gains from trade and the gains from innovation. The relentless pursuit of profit is in this Misesian analysis of the market process the critical factor in how markets work. Profits and losses are ever-present features of a functioning market economy only because of changing circumstances that result in discrepancies that require adjustments.
