Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Introduction Read chapter Read first chapter

2018 | OriginalPaper | Chapter

2. Evolution of Entrepreneurship

Author : Wasif A. Minhas

Published in: Advancing Entrepreneurship in the United Arab Emirates

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

Emerging from the shadows of political economy and economic science, historically, entrepreneurship has struggled to gain its rightful place as a key construct of modern civilization. This chapter provides an overview of the theory of entrepreneurship and its development over the last three centuries. It incorporates developmental constructs that have forged the theory of entrepreneurship to its modern form. The chapter also includes the important Austrian and American perspectives that are central to how we view entrepreneurship and entrepreneurs today. By doing so this section of the book starts to develop a picture of an innovative and acting entrepreneur, his/her role and the factors needed for success. The section on price, monopolies, and competition is particularly useful in understanding the modern entrepreneur’s plight.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
previous chapter Introduction
next chapter Theoretical Framework for Entrepreneurship in the UAE
Literature
Aspromourgos, T. (2013). Entrepreneurship, risk and income distribution in Cantillon’s Essai. In N. Salvadori, C. Gehrke, I. Steedman, & R. Sturn (Eds.), Classical political economy and modern theory: Essays in honour of Heinz Kurz (pp. 105–119). London: Routledge.
Audretsch, D. (2007). The entrepreneurial society. Oxford Univer0sity Press. ISBN: 978-0-19-518350-4.
Audretsch, D. (2013). Public policy in the entrepreneurial society. Edward Elgar Publishing. ISBN: 1783476923.CrossRef
Baumol, W. (1968). Entrepreneurship in economic theory. The American Economic Review, 58(2), 64–71.
Baumol, W. J. (2010). The microtheory of innovative entrepreneurship. The Kauffman Foundation Series on Innovation and Entrepreneurship. Princeton University Press. ISBN: 1400835224.
Besley, T., & Burgess, R. (2002). The political economy of government responsiveness: Theory and evidence from India. The Quarterly Journal of Economics, 117(4), 1415–1451.CrossRef
Bird, B. J. (1989). Entrepreneurial behavior. Scott, Foresman Little, Brown College Division. ISBN: 0673397912.
Boettke, P., & Coyne, C. (2003). Entrepreneurship and development: Cause or consequence. In Austrian Economics and Entrepreneurial Studies. Emerald Insight, pp. 67–87.
Bootle, R. (2011). The trouble with markets: Saving capitalism from itself. Nicholas Brealey Pub. ISBN: 1857885589.
Bosch, G. (1997). Eric Williams and the moral rhetoric of dependency theory. Callaloo, 20(4), 817–827.CrossRef
Brown, C., & Thornton, M. (2013). How entrepreneurship theory created economics. The Quarterly Journal of Austrian Economics, 16(4), 401–420.
Buchanan, P. (2000). That the Lumpen should rule: Vulgar capitalism in the post-industrial age. Journal of American and Comparative Cultures, 23(4), 1–15.CrossRef
Cantillon, R. (2010). Essai sur la nature du commerce en général. (M. Thornton & C. Saucier, Trans.). Auburn: Ludwig von Mises Institute. Original work published in 1755.
Casson, M. (2003). The entrepreneur: An economic theory. Cheltenham: Edward Elgar Publishing. ISBN: 1843765632.
Casson, M. (2005). Entrepreneurship and the theory of the firm. Journal of Economic Behavior & Organization, 58(2), 327–348.CrossRef
Casson, M., & Casson, C. (2013). The entrepreneur in history: From medieval merchant to modern business leader. Palgrave Pivot. e-EAN/ISBN: 9781137305824.
Chell, E. (2008). The entrepreneurial personality: A social construction. Routledge. London. ISBN: 1134335628.
Cole, A. (1949). The great mirror of folly: An economic-bibliographical study. Baker Library, Harvard Graduate School of Business Administration.
Ebeling, M. (2006). “The great Austrian inflation,” The Freeman: Ideas on liberty. Indianapolis: The Ludwig von Mises Institute.
Ekelund, R., & Hébert, F. (2013). A history of economic theory and method (6th Ed.). Minden: Waveland Press. ISBN: 1478611065. Illinois, USA.
Fisher, I. (1911). The purchasing power of money (2nd ed.). Macmillan: New York.
Fontaine, P. (1993). The capitalist entrepreneur in eighteenth century economic literature. Journal of the History of Economic Thought. Cambridge University Press, 15(01), 72–89.CrossRef
Friedman, M. (1968). The role of monetary policy. American Economic Review, 58(1).
Friedman, M. (1976). Inflation and unemployment. Nobel memorial lecture. The University of Chicago. Illinois, USA.
Gartner, W. (1988). Who is an entrepreneur? Is the wrong question. American Journal of Small Business, 12(4), 11–32.CrossRef
Hayek, F. A. (1945). The use of knowledge in society. The American Economic Review, 35(4), 519–530.
Hayek, F. A. (1968). Competition as a discovery procedure. QJAE, 5(3).
Hebert, R., & Link, A. (2009). A history of entrepreneurship. London: Routledge.
Hoselitz, B. (1960). Entrepreneurship and economic growth. In Sociological Aspects of Economic Growth (pp. 139–158). Glencoe: The Free Press.
Jevons, S. (1881). Richard Cantillon and the nationality of political economy (pp. 333–360). Oxford: Contemporary Review.
Kanbur, R. (1980). A note on risk taking, entrepreneurship, and Schumpeter. History of Political Economy, 12(4), 489–498.CrossRef
Kirzner, I. (1976). Equilibrium versus market process: The foundations of modern Austrian economics. Kansas City: Sheed & Wad.
Knight, F. (2006). Risk, uncertainty and profit. New York: Cosimo. ISBN 1602060053.
Krueger, J., & Carsrud, A. (1994). Entrepreneurial intentions: Applying the theory of planned behaviour. Entrepreneurship & Regional Development, 5(4), 315–330.CrossRef
Krueger, N., Reilly, M., & Carsrud, A. (2000). Competing models of entrepreneurial intentions. Journal of Business Venturing, 15(5-6), 411–432.CrossRef
Langlois, R., & Cosgel, M. (1993). Frank Knight on risk uncertainty and the firm: A new interpretation. Economic Inquiry, 31, 456–465.CrossRef
Leibenstein, H. (1966). Allocative efficiency vs X-efficiency. The American Economic Review, 56(3), 393–415.
Leibenstein, H. (1968). Entrepreneurship and development. American Economic Review, 58(2), 72–84.
Link, A., & Link, J. (2009). Government as entrepreneur. Oxford University Press. United States. ISBN: 0199708843.CrossRef
Machlup, F. (1980). Knowledge: Its creation, distribution and economic significance, volume I knowledge and knowledge production. Princeton: Princeton University Press.
Marshall, A. (1920). Principles of economics (8th ed.). (First published 1890, London: Macmillan and Co.). Online Library of Liberty.
Menger, C. (1871). Principles of economics (James Dingwall & Bert F. Hoselitz, Trans.). New York: New York University Press, (1976).
Minniti, M. (2008). The role of government policy on entrepreneurial activity: Productive, unproductive, or destructive? Entrepreneurship Theory & Practice, 32(5), 779–790.CrossRef
Mises, L. (1949). Human action: A treatise on economics. New Haven: Yale University Press.
North, D. (1990). Institutions, institutional change and economic performance. Cambridge University Press. ISBN: 9780521397346.
Potts, J. (2007). X-efficacy Vs X-efficiency. In F. Frantz (Eds.). Renaissance in behavioral economics: Essays in honour of Harvey Leibenstein (92–104). Routledge. ISBN: 1135994161.
Praag, M. (1999). Some classic views on entrepreneurship. De Economist. ProQuest Centra1, 147(3), 311.
Praag, M. (2005). Successful entrepreneurship: Confronting economic theory with empirical practice. Edward Elgar Publishing. London. ISBN: 1845426886.
Redlich, F. (1957). Towards a better theory of risk. Explorations in Entrepreneurial History, 10, 33–39.
Reinert, E. (1999). The role of the state in economic growth. Journal of Economic Studies. MCB University Press, 26(4/5), 268–326.
Rothbard, M. (2009). Review of Austrian economics, Volume V. Ludwig von Mises Institute. ISBN: 1610161645.
Schenone, O., & Ravier, A. (2007). Review of “Vienna & Chicago: Friends or foes? A tale of two schools of free-market economics” by Mark Skousen”, History of Economics Review, 46, Australian National University (ANU), pp. 190–194.
Schultz, T. (1975). The value of the ability to deal with disequilibria. Journal of Economic Literature, 13(3), 827–846.
Schumpeter, J. (1934). The theory of economic development: An inquiry into profits, capital, credit, interest, and the business cycle. Transaction Publishers. New Brunswick. ISBN: 0878556982.
Schumpeter, J. (1939). Business cycles: A theoretical, historical and statistical analysis of the capitalist process. New York/Toronto/London: McGraw-Hill.
Shackle, G. L. S. (1955). Uncertainty in economics and other reflections. New York: Cambridge University Press, 10(5), p. 267.
Shackle, G. L. S. (1966). The nature of economic thought: Selected papers 1955–1964. Cambridge University Press. Cambridge. ISBN: 978052106278.
Skousen, M. (2005). Vienna & Chicago: Friends or foes? A tale of two schools of free-market economics (p. 318). Washington: Regnery Publishing. ISBN 0-8952-6029-8.
Smith, A. (2007). Wealth of nations (First Published 1776). Cosimo Classics Series. New York: Cosimo. ISBN 1602069395.
Steele, G. R. (2001). Keynes and Hayek, The money economy. London: Routledge.CrossRef
Swedberg, R. (2000). Entrepreneurship: The social science View. Oxford University Press. ISBN: 9780198294627.
Szirmai, A., Naudé, W., & Goedhuys, M. (2011). Entrepreneurship, innovation, and economic development. Oxford University Press. ISBN: 0199596514.
Von Wieser, F. (1927). (1851–1926). Social economics (1st ed.). (A. Ford Hinrichs, Trans. With a pref. by Wesley Clair Mitchell). London: Allen & Unwin. Translation of Theorie der gesellschaftlichen Wirtschaft. Edition (1927). ASIN: B000NWMXXC.
Walras, L. (1874). Elements of pure economics. Translated and annotated by William Jaffe (1954). London: Allen and Unwin.
Zaratiegui, J. (2002). What does profit mean for Alfred Marshall. International Journal of Applied Economics, 10(3), 381–402.
Metadata
Title
Evolution of Entrepreneurship
Author
Wasif A. Minhas
Copyright Year
2018
Book
Advancing Entrepreneurship in the United Arab Emirates

Print ISBN: 978-3-319-76435-1

Electronic ISBN: 978-3-319-76436-8

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-76436-8_2

Premium Partner

    Image Credits