Entrepreneurship and Evolutionary Economics
Book Details
Format
Hardback or Cased Book
Book Series
Elements in Evolutionary Economics
ISBN-10
100954022X
ISBN-13
9781009540223
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Feb 27th, 2025
Print length
70 Pages
Weight
268 grams
Dimensions
22.90 x 15.20 x 0.60 cms
Product Classification:
Economics
Ksh 10,050.00
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The role of Evolutionary Economics tends to still be understated and not fully understood. This Element attempts to remedy this by theorizing on how entrepreneurship impacts and drives market economies, the implications for economic change and renewal, and how the pursuit of new value creation determines the evolution of an economy.
Entrepreneurship has been expunged from contemporary mainstream economics despite being an important driver and cause of economic development and growth. However, whereas Evolutionary Economics recognizes value-creative entrepreneurship, its role and impact tend to still be understated and the vast implications not fully understood. This Element attempts to remedy this by theorizing on how entrepreneurship impacts and drives market economies, the implications for economic change and renewal, and how the pursuit of new value creation determines the evolution of an economy. We find that allowing for entrepreneurial new value creation innovative entrepreneurship produces a different and more dynamic understanding of the market as a process, the role of knowledge and uncertainty, economic evolution and progress, as well as has important implications for political economy.
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