Download Entrepreneurship And Dynamic Capitalism The Economics Of Business Firm Formation And Growth Praeger Studies In American Industry

Entrepreneurship and Dynamic Capitalism: The Economics of Business Firm Formation and Growth (Praeger Studies in American Industry)

Format: Hardcover

Language: English

Pages: 240

Publisher: Praeger (December 30, 1993)

ISBN: 0275937577

Format: PDF / Kindle / ePub

Size: 5.2 MB

Downloadable formats: PDF


Kirchhoff blends economics, business, and governemnt policy to demonstrate that entrepreneurship's role in business formation and growth energizes and maintains the viability of capitalism. Entrepreneurs convert new ideas into marketable products and services and use these to grab market shares from older, established firms. This process not only produces economic growth, but also redistributes resources so as to assure equitable distribution within society. Acknowledging that this perception is descriptive but lacks predictive power, Kirchhoff offers a typology to assist in predictive theory building and to guide government policy development.

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