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Uncertainty, Learning and Error Elimination: Taiwanese Entrepreneurs in Mainland China

In: Entrepreneurship and Taiwan's Economic Dynamics

Author

Listed:
  • Fu-Lai Tony Yu

    (Hong Kong Shue Yan University)

Abstract

In Chap. 1, we have argued that entrepreneurial firms in Taiwan have transformed into regional and international coordinators. This chapter will focus on its relationship with mainland China while Chap. 4 will look into the global coordination issue. It is generally known that entrepreneurship has no role in contemporary mainstream neoclassical economics. The entrepreneur disappears completely in the neoclassical analysis where optimization technique and production functions are adopted. The entrepreneurial process in the neoclassical paradigm is simply a mechanic movement from disequilibrium to equilibrium through information searching. Learning in neoclassical economics is a static process involving known options (Boland 1982, pp. 161–163).

Suggested Citation

  • Fu-Lai Tony Yu, 2012. "Uncertainty, Learning and Error Elimination: Taiwanese Entrepreneurs in Mainland China," Springer Books, in: Entrepreneurship and Taiwan's Economic Dynamics, edition 127, chapter 0, pages 37-55, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-28264-5_3
    DOI: 10.1007/978-3-642-28264-5_3
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