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Entrepreneurship in Neoclassical Economics

In: Entrepreneurial Economics

Author

Listed:
  • Keith S. Glancey
  • Ronald W. McQuaid

Abstract

In Part II of this book the concern is with theoretical treatment of entrepreneurs and the activities that constitute ‘entrepreneurship’. In Chapter 1 it is demonstrated that while there is by no means a consensus in academic thought regarding the definitions of ‘entrepreneur’ and ‘entrepreneurship’, there are common themes, of which the acts of creating and developing innovative new business ventures are the foremost. Another issue to emerge from the discussion of small businesses in Chapter 2 is the fact that few small businesses ever grow to a significant extent, although in aggregate the sheer number and diversity of small business activity makes this an important sector in both advanced and developing contemporary market economies. The concept of entrepreneurship in practical terms is commonly linked to small business activity, with the ‘ideal’ model of business success being the growth of a small business into a corporate giant.

Suggested Citation

  • Keith S. Glancey & Ronald W. McQuaid, 2000. "Entrepreneurship in Neoclassical Economics," Palgrave Macmillan Books, in: Jo Campling (ed.), Entrepreneurial Economics, chapter 3, pages 41-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98124-5_3
    DOI: 10.1057/9780333981245_3
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    Cited by:

    1. Aomar Ibourk & Jabrane Amaghouss, 2016. "Entrepreneurial Activities and Level of Development in Morocco: Empirical Investigation from Global Entrepreneurship Monitor Data," Global Business Review, International Management Institute, vol. 17(2), pages 241-256, April.
    2. Etienne L. Nel & Ronald W. McQuaid, 2002. "The Evolution of Local Economic Development in South Africa: The Case of Stutterheim and Social Capital," Economic Development Quarterly, , vol. 16(1), pages 60-74, February.
    3. Sue Abdinnour & Sesan Oluseyi Adeniji, 2023. "Empirical analysis of the impact of entrepreneurial activity on economic growth of Global Entrepreneurship Monitor (GEM) countries," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-11, December.

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