||2 of 3 people found the following review helpful.| Anyone with a serious interest in economics needs this book|By M. Zhao|It is truly absurd that most economics programs dedicate so little time to the study of innovation. After all, innovation is really the only way to expand an economy's production capability. The latest edition of Baumol's tome on this subject weaves together a cohesive narrative explaining why we need to fo|From the Back Cover||"Even as innovative entrepreneurship has emerged as the goal for policymakers around the globe, economists have struggled to find its proper place in microtheory. No more. In this pathbreaking new book, William Baumol provides the blueprint
Entrepreneurs are widely recognized for the vital contributions they make to economic growth and general welfare, yet until fairly recently entrepreneurship was not considered worthy of serious economic study. Today, progress has been made to integrate entrepreneurship into macroeconomics, but until now the entrepreneur has been almost completely excluded from microeconomics and standard theoretical models of the firm. The Microtheory of Innovative Entrepreneurshi...
[PDF.ue40] The Microtheory of Innovative Entrepreneurship (The Kauffman Foundation Series on Innovation and Entrepreneurship) Rating: 3.89 (682 Votes)
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