Entrepreneurship And Dynamic Capitalism

Download or read book Entrepreneurship and Dynamic Capitalism written by Bruce Kirchhoff and published by Bloomsbury Publishing USA. This book was released on 1993-12-30 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kirchhoff blends economics, business, and governemnt policy to demonstrate that entrepreneurship's role in business formation and growth energizes and maintains the viability of capitalism. Entrepreneurs convert new ideas into marketable products and services and use these to grab market shares from older, established firms. This process not only produces economic growth, but also redistributes resources so as to assure equitable distribution within society. Acknowledging that this perception is descriptive but lacks predictive power, Kirchhoff offers a typology to assist in predictive theory building and to guide government policy development.