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| Nicolai J Foss; Peter G Klein | ||||
| Cambridge University Press | ||||
| 2012 | ||||
| English | ||||
| 299 pages | ||||
| 2.90 MB | ||||
[tab] [content title="Summary"] Entrepreneurship, long overlooked by economists and management scholars, has experienced a dramatic resurgence over the past two decades. This revival extends beyond academic economists and management researchers to include policymakers, educators, and practitioners. Similarly, the economic theory of the firm, rooted in Ronald Coase's groundbreaking analysis (1937), has evolved into an increasingly important field within economics and management. Despite this resurgence, there remains a significant disconnect between the entrepreneurship literature and the literature on the firm, both in academic research and management practice. This book seeks to bridge this gap by proposing and developing an entrepreneurial theory of the firm that emphasizes the connections between entrepreneurship and management. Drawing on insights from Austrian economics, the book presents entrepreneurship as a process of judgmental decision-making under uncertainty. It demonstrates how this judgment serves as the driving force of the market economy and is central to understanding firm performance and organization. **Table of Contents** - List of Figures - Preface - Acknowledgements 1. The Need for an Entrepreneurial Theory of the Firm 2. What Is Entrepreneurship? 3. Entrepreneurship: From Opportunity Discovery to Judgment 4. What Is Judgment? 5. From Shmoo to Heterogeneous Capital 6. Entrepreneurship and the Economic Theory of the Firm 7. Entrepreneurship and the Nature and Boundaries of the Firm 8. Internal Organization: Original and Derived Judgment 9. Concluding Discussion - References This comprehensive framework seeks to deepen our understanding of the entrepreneurial process and its vital role in shaping both the theory and practice of firm organization. [/content] [content title="Content"] [/content] [content title="Author(s)"] [/content] [/tab]
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