Making Poor Nations Rich is a serious attempt to further develop the theory of entrepreneurship. Fourteen chapters of the book cover the most important issues of our time: wealth and poverty of nations,
Austrian business cycle theory has been criticized on the basis of “rational expectations.” That is, reasonably high quality entrepreneurs—which are required for economic growth
This article describes how theories of entrepreneurship can be completely incorporated into a model of the competitive process to show that entrepreneurship is the engine of economic progress
This paper seeks to explore and to critically evaluate, from an economic standpoint, Joseph Schumpeter’s theory of the decline of capitalism, as put forward in his Capitalism, Socialism, and Democracy.
It is to some extent heartening to know that economists are once again concerned with entrepreneurship and its role in economic life.
Professor Spengler refers to Richard Cantillon as the first of the modems. Professor Tarascio presents him from a current perspective.
Peter Klein addresses the frequent criticism that private investors and entrepreneurs have too short of a time horizon.
Peter Klein discusses who should make the decisions to best allocate scarce resources and time.
