Entrepreneurship and Economic Development A Commentary on Entrepreneurship and Economic Development (ed. Wim Naudé) Robert J. Strom Interest in the study of entrepreneurship has flourished among scholars in recent years. This research has brought to light‚ among other things‚ the important role of entrepreneurship and innovation in economic growth. We know that innovative entrepreneurs—those who bring new products and processes to the market—are disproportionately responsible for the breakthrough
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Smith versus Marx A Comparison S. Glen Balanoff July 04‚ 2004 Smith versus Marx A Comparison Modern economic society can be described as a combination of certain points from several theories combined into one. Changing dynamics and economic needs of nations has spawned a development of various‚ and contrasting‚ economic systems throughout the world. Perhaps the two most contrasting philosophies seen in existence today are that of capitalism and communism. The two philosophers most notably
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Financial management has emerged as a distinct field of study only in the early part of this century‚ as a result of consolidation movement and formation of large enterprises. Its evolution may be divided into three phases. The Traditional phase‚ The Transitional phase and The Modern phase The Traditional Phase:This phase has lasted for about four decades. Its finest expression was shown in the scholarly work of Arthur S. Dewing‚ in his book tilted the Financial Policy
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The University of Western Ontario‚ London‚ Ontario‚ Canada‚ N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2011‚ Richard Ivey School of Business Foundation Version: 2011-12-01 Finland-headquartered Nokia was a global telecommunications equipment manufacturer. It operated a luxury mobile phone brand called Vertu‚ founded by Frank Nuovo in the late 1990s‚ which pioneered the luxury mobile phone market by using precious materials such as diamonds‚ sapphires
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Journal of Economics 86: 488-500. Ayers‚ R.‚ and Collinge‚ R. (2005). Microeconomics: Explore and Apply. Upper Saddle River‚ NJ: Pearson Prentice Hall. Barone‚ E. (1908). “The Ministry of Production in the Collectivist State‚” in F.A. Hayek‚ ed Baumol‚ W.‚ and Blinder‚ A. (2005). Microeconomics: Principles and Policy‚ 9th ed. Case‚ K.‚ and Fair‚ C. (2004). Principles of Microeconomics‚ 7th ed. Upper Saddle River‚ NJ: Pearson Prentice Hall. Gwartney‚ J.‚ Stroup‚ R.‚ Sobel‚ R.‚ and Macpherson‚ D
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different opinions out there on why the rise in tuition is happening. According to James Surowiecki of The New Yorker‚ the rise has to do with something called the Baumol’s cost disease; this theory was established in the sixties by William Baumol an economist. “Baumol recognized that some sectors of the economy‚ like manufacturing‚ have rising productivity—they regularly produce more with less‚ which leads to higher wages and rising living standards. But other sectors‚ like education‚ have a harder time
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Innovation Management and Strategy The Microsoft Tablet PC And why it wasn’t successful Prof. Dr. Bart Van Looy Hanne Gielis‚ Femke Verbeek‚ Roel Jorissen Nicolas Vereecke & Pegah Khoshnevis Group 18 Content Table Introduction 3 A brief history of the Tablet computer 3 Background Microsoft 5 The Microsoft Tablet PC 5 Core failure reasons 7 Too short commercialization timeframe 7 Underperforming technology 7 Lack of concrete management vision 8 Wrong organizational structure
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Howitt‚ P. (1998)‚ Endogenous Growth Theory‚ The MIT Press‚ Cambridge‚ MA. Audretsch‚ D.B.‚ Bonte‚ W. and Keilbach‚ M. (2008)‚ “Entrepreneurship capital and its impact on knowledge diffusion and economic performance”‚ Journal of Business Venturing‚ Vol Baumol‚ W.J. (1990)‚ “Entrepreneurship: productive‚ unproductive and destructive”‚ Journal of Political Economy‚ Vol Benavides‚ M.M. and Suanes‚ A.M. (2011)‚ “Corporate entrepreneurship through joint venture”‚ International Entrepreneurship and Management
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References: Baumol‚ J. William‚ Blinder‚ S. Alan. Macroeconomics: Principles and Policy‚ 12th ed.: Principles and Policy. Cengage Learning‚ 2011. Moberg‚ Mark. Slipping Away: Banana Politics and Fair Trade in the Eastern Caribbean. Berghahn Books‚ 2008 Hill. Charles
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IMPLICIT MARGINALISM AND FRIEDMAN’S DEFENCE In this section‚ I discuss the implicit understanding of marginalism that emerged in the course of the marginalist controversy and has‚ since then‚ prevailed in orthodox economic theory. The foundation of implicit marginalism was coherently summarized by the following statement by Langholm (1969‚ p.10): The marginal theory of price was never intended to serve as a blueprint for entrepreneurial decision making or indeed to describe or explain in detail what
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