The business enterprise is the prime institution in economic development and growth; yet,
until recently, mainstream economics has mostly treated firms as homogeneous black boxes …

Mainstream economic theory has generally excluded consideration of the role of managers,
which has, in turn, impaired its ability to explain resource allocation by, and heterogeneity …

Whether new business ventures emerge in the context of start-ups or corporate giants, one
of the enduring and fundamental assumptions underlying theories of entrepreneurial action …

Business enterprises lie at the core of ecosystems that drive economic development and
growth in market economies; yet, until recently, mainstream economics has mostly treated …

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from
many different backgrounds. This book charts the rise, fall and renewal of institutional …

We attempt to interpret Frank Knight by taking him on his own terms. Among our conclusions
are the following.(1) Knight's distinction between risk and uncertainty is not solely a …

This paper expands on the Oviatt–McDougall framework of sustainable international
ventures. It does so by relating the elements of the framework to existing scholarship on the …

Abstract Kirzner's (1973) theory of entrepreneurship emphasizes the equilibrating role of
entrepreneurship. When the market is not in equilibrium, profit opportunities exist, and …

Accounts of economic change recognize that markets create selective pressures for the
adaptation of technologies in the direction of customer needs and production efficiencies …

This original, provocative work makes a thorough and comprehensive enquiry into the
relationship that exists between firms and markets, with separate, in-depth examinations of …