Entrepreneurship and the Market Process: An Enquiry into the Growth of Knowledge

1st Edition

David A Harper

Routledge
Published December 23, 2014
Reference
ISBN 9780415756587 - CAT# Y162864
Series: Routledge Foundations of the Market Economy

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Summary

Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.

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