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Finance, State and Entrepreneurship in the Contemporary Economy

In: Powerful Finance and Innovation Trends in a High-Risk Economy

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  • Sophie Boutillier

    (University of Littoral Cote d’Opale)

Abstract

Entrepreneurs have been at centre of economists’ concerns and public policies since the beginning of the 1980s. This fact is relatively new. Since the end of the Second World War, the paradigm of the big company has prevailed. A paradigm (Kuhn, 1983) is defined as a set of interrogations, assumptions and responses starting from which a given reality becomes understandable. However, a paradigm also gives a structure to the scientific community which uses it as a reference. To question the theoretical model of reference is also to shed some doubts concerning the authority of the scientific community. On this aspect, we cannot fail to recall the acid remarks of J. Robinson, when she exposed the unrealistic nature of the production function, insufficient to explain economic reality, but absolutely necessary to make an academic career (Robinson, 1984). The paradigm of the big enterprise did not develop without clashes and conflicts. It progressively asserted itself to oppose the paradigm of a pure and perfect competition ignoring the existence of enterprises of different sizes (Walras, 1988).

Suggested Citation

  • Sophie Boutillier, 2008. "Finance, State and Entrepreneurship in the Contemporary Economy," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), Powerful Finance and Innovation Trends in a High-Risk Economy, chapter 5, pages 66-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58409-9_6
    DOI: 10.1057/9780230584099_6
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    Cited by:

    1. Jinhyo Joseph Yun & MinHwa Lee & KyungBae Park & Xiaofei Zhao, 2019. "Open Innovation and Serial Entrepreneurs," Sustainability, MDPI, vol. 11(18), pages 1-31, September.
    2. Sophie Boutillier, 2008. "The Russian Entrepreneur Today: Elements of Analysis of the Socialized Entrepreneur," Journal of Innovation Economics, De Boeck Université, vol. 0(1), pages 131-154.

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