The emergence of entrepreneurial economics [electronic resource] / edited by G.T. Vinig, R.C.W. Van der Voort.

Structure of sustainable economic value in social entrepreneurial enterprises / Tom G. Strothotte, Rolf Wüstenhagen -- Where and how do innovative firms find new business opportunities? : an exploratory study of New Zealand firms / Thomas Schibbye, Martie-Louise Verreynne -- Flexible institutionalization : on the role of managerial variables in technology start-ups / Orly Yeheskel, Miri Lerner -- Quantifying creative destruction : entrepreneurship and productivity in New Zealand / John McMillan -- A theory of homo entreprenaurus / Anders Kjellman, Mikael Ehrsten -- Microtheory of entrepreneurship : more exists than is recognized / William J. Baumol -- Technical change and entrepreneurship : an overview from Cantillon to Schumpeter / Arnold Heertje -- The knowledge spillover theory of entrepreneurship and economic growth / David B. Audretsch -- Non-destructive creation : how entrepreneurship sustains prosperity / Amar V. Bhildé -- How persistent are regional start-up rates? : an empirical analysis / Michael Fritsch, Pamela Mueller -- Entrepreneurial orientation of russian SME / Tatiana Iakovleva -- Entrepreneurial orientation of russian SME / Tatiana Iakovleva -- Survival and growth of start-ups in innovation- and knowledge-based branches : an empirical analysis of the French ICT sector / Frank Lasch, Frédéric Le Roy, Saïd Yami -- Foreword / Tsvi Vinig, Roel van der Voort.

If entrepreneurship remains as important to the economy as ever, then the continuing failure of mainstream economics to adequately account for entrepreneurship indicates that fundamental principles require re-evaluation. It seems no longer possible to expect that only theoretical refinements and extending known principles can provide for a theory of entrepreneurship. The articles in this book provide interesting new ideas and insights on a theory of entrepreneurship in the economy (W.J. Baumol, D.B. Audretsch, A.V. Bhide) in part one, and interesting recent research on entrepreneurship in part two. In his article, A. Heertje writes that: It is interesting to note that in the aftermath of the Schumpeter revival, since the eighties of last century our field observes the emergence of entrepreneurial economics. Several threads come together. Economic theory substituted the paradigm of perfect knowledge for imperfect information, developed a more refined analysis of risk and uncertainty in economic life and the theory of games provided the framework for the analysis of strategic behaviour in general. The theory of industrial organisation entered a higher level of sophistication and chaos theory as part of economic dynamics helped to transform verbal Schumpeterian ideas and intuitions into a refined mathematical structure. Also, the application of insights from theoretical physics, like thermodynamics and entropy are very promising. These developments have brought the modern entrepreneur of flesh and blood, being embedded in a global world of enduring technical change, uncertain challenges, threats and opportunities in the forefront of advanced economic analysis. We do hope that this book contributes to the emergence of the Entrepreneurial Economics field, or school of thought, in which the study of patterns in the complex, seemingly chaotic and unpredictable process of entrepreneurship and its role in the economy stands central.

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