Economics must shift from a price- to an entrepreneur-centric paradigm, forcing economists to rethink the fundamental faults of mainstream economics, helping scholars distinguish between entrepreneurial/managerial decisions, and ensuring governments realize that many interventionist policies are theoretically wrong and detrimental to the economy.
Economics must shift from a price- to an entrepreneur-centric paradigm, forcing economists to rethink the fundamental faults of mainstream economics, helping scholars distinguish between entrepreneurial/managerial decisions, and ensuring governments realize that many interventionist policies are theoretically wrong and detrimental to the economy.
Weiying Zhang is Boya Chair Professor of Economics at the National School of Development, Peking University. The recipient of several prestigious awards, he is widely regarded as the leading advocate of the free market in China as well as an authority on the theory of the firm and ownership reform. Weiying has studied entrepreneurship for four decades and, through numerous articles, papers and books, has almost single-handedly changed the public image of entrepreneurs in China.
Inhaltsangabe
Preface Part I. The Nature of Knowledge and Entrepreneurship: 1. Soft knowledge and entrepreneurship 2. Understanding entrepreneurial decisions 3. Big data cannot replace entrepreneurs 4. Prejudice and hostility towards entrepreneurs Part II. Entrepreneurs in Market Theories: 5. The two paradigms of the market 6. What is a good market theory? 7. Entrepreneurship is the best anti-monopoly law 8. Entrepreneurial profit and common prosperity Part III. Uncertainty of Innovation and Industrial Policy: 9. Entrepreneurs in economic growth: arbitrage and innovation 10. The uncertainty of innovation 11. The airship and airplane duel 12. Entrepreneurship and industrial policy Part IV. Institutional Ecology of Entrepreneurship: 13. What determines the allocation of entrepreneurial talents? 14. Entrepreneurs and capitalists 15. Protection of rights versus protection of interests 16. Challenges for entrepreneurs from conflicting values Appendix A: My journey studying entrepreneurs Appendix B: How I came to know the Austrian School of Economics References Index.
Preface Part I. The Nature of Knowledge and Entrepreneurship: 1. Soft knowledge and entrepreneurship 2. Understanding entrepreneurial decisions 3. Big data cannot replace entrepreneurs 4. Prejudice and hostility towards entrepreneurs Part II. Entrepreneurs in Market Theories: 5. The two paradigms of the market 6. What is a good market theory? 7. Entrepreneurship is the best anti-monopoly law 8. Entrepreneurial profit and common prosperity Part III. Uncertainty of Innovation and Industrial Policy: 9. Entrepreneurs in economic growth: arbitrage and innovation 10. The uncertainty of innovation 11. The airship and airplane duel 12. Entrepreneurship and industrial policy Part IV. Institutional Ecology of Entrepreneurship: 13. What determines the allocation of entrepreneurial talents? 14. Entrepreneurs and capitalists 15. Protection of rights versus protection of interests 16. Challenges for entrepreneurs from conflicting values Appendix A: My journey studying entrepreneurs Appendix B: How I came to know the Austrian School of Economics References Index.
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