Entrepreneurship and the Market Process : An Enquiry into the Growth of Knowledge
Book Details
Format
Paperback / Softback
Book Series
Routledge Foundations of the Market Economy
ISBN-10
0415756588
ISBN-13
9780415756587
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 23rd, 2014
Print length
432 Pages
Weight
544 grams
Product Classification:
Entrepreneurship
Ksh 10,600.00
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Though central to the market process, entrepreneurship is often overlooked by theorists. This work presents the entrepreneur as theorist, developing ideas to be tested in the market, creating new ventures through trial and error.
Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.
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