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A crucial factor in economic growth - the supply of entrepreneurship - is largely neglected in modern economic theory. The main reason is that the theory is dominated by the model of perfect competition, which logically excludes any function for the entrepreneur. The standard model is also inconsistent with several obvious facts. Instead, the author proposes two alternative models of 'entrepreneurial competition', one for conditions of near-perfect competition in product markets and the other for imperfect competition in those markets.
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Table of contents (8 chapters)
About the author
HAROLD LYDALL
Bibliographic Information
Book Title: The Entrepreneurial Factor in Economic Growth
Authors: Harold Lydall
DOI: https://doi.org/10.1057/9780230374461
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 1992
Hardcover ISBN: 978-0-333-56923-8Published: 01 July 1992
eBook ISBN: 978-0-230-37446-1Published: 30 June 1992
Edition Number: 1
Number of Pages: VI, 104
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, International Political Economy, Entrepreneurship, Economic Growth