Entrepreneurship and the Economic Theory of the Firm

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Entrepreneurship and the Economic Theory of the Firm

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dc.contributor.author Foss, Nicolai Juul en_US
dc.contributor.author Klein, Peter G. en_US
dc.date.accessioned 2011-04-12T09:45:03Z
dc.date.available 2011-04-12T09:45:03Z
dc.date.issued 2011 en_US
dc.identifier.citation Foss , N J & Klein , P G 2011 ' Entrepreneurship and the Economic Theory of the Firm ' University of São Paulo. School of Economics, Business and Accounting , São Paulo . en_US
dc.identifier.other PURE: 32299491 en_US
dc.identifier.uri http://hdl.handle.net/10398/8291
dc.description.abstract In Knight‟s (1921) view, firm organization, profit and loss, and entrepreneurship are inex tricably linked. These phenomena arise as an embodiment, a result, and a cause, respectively, of commercial experimentation a view founded on a particular ontology of the world as essentially open - ended and not deterministic (1921: chapter 7). Few econom ists have followed Knight in linking the firm, profit and loss, and entrepreneurship, 1 especially from his philosophical starting points. And yet, as we noted in the beginning of this book, there are many good reasons to treat the theory of entrepreneurship and the theory of the firm together. Such a synthesis informs many foundational ques tions in economics, business strategy, and public policy: Can we meaningfully address entrepreneurship without considering the organization in which such entrepreneurship takes place? How does the structure of the firm influence entrepreneurial actions? Ho w does firm organization (e.g., the allocation of residual income and control rights) affect the quantity and quality of entrepreneurial ideas? And so on. To answer theses, we need to bring the theory of the firm and entrepreneurship literatures into close contact. And yet, the important connections between these two bodies of literature have been largely overlooked. We seek to identify and establish some of those connections in this and the next two chapters. en_US
dc.format.extent 50 en_US
dc.publisher University of São Paulo. School of Economics, Business and Accounting en_US
dc.title Entrepreneurship and the Economic Theory of the Firm en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Strategi og Globalisering en_US
dc.contributor.departmentshort SMG en_US
dc.contributor.departmentuk Institut for Strategic Management and Globalization en_US
dc.contributor.departmentukshort SMG en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2011 en_US
dc.contributor.pbl Department of Strategic Management and Globalization en_US


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