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The Carriers of Change: The Role of Entrepreneurs

In: Law, Informal Rules and Economic Performance

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Abstract

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic progress. The analysis throughout is consistent and is supported by evidence. Key components of the proposed theory are the rule of law, the market for institutions, the interaction thesis, the carriers of change, and the process of changing formal and informal institutions.

Suggested Citation

  • ., 2008. "The Carriers of Change: The Role of Entrepreneurs," Chapters, in: Law, Informal Rules and Economic Performance, chapter 12, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:4198_12
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    File URL: https://www.elgaronline.com/view/9781845428730.00021.xml
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    Cited by:

    1. Godfrey MUPONDA & Isaac CHANETA, 2014. "Are Small-Firm Clusters Emergent Phenomena? Evidence From Zimbabwe’S Small Furniture- Manufacturing Firms," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(2), pages 1-6, July.
    2. Lallan Tripathi & Dr. B. K. Agarwal, 2009. "Entrepreneurship Practice – The Planning Advantages," Journal of Commerce and Trade, Society for Advanced Management Studies, vol. 4(2), pages 40-44, October.
    3. Nicolae Al. Pop & Silvia Fotea & Silvia Dusa & Alexandru Palade, 2016. "Entrepreneurial Approach on Relationship Marketing in Family Owned Business," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 2(1), pages 122-135, July.
    4. Moa-Liberty Alausa Waheed & Tinuola Odunuga Lateefat & Tunde Arogundade Odunayo, 2016. "The influence of self-efficacy and socio-demographic factors on the entrepreneurial intentions of selected Youth Corp members in Lagos, Nigeria," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 34(34), pages 63-71, December.

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