Return of the Invisible Men : The Microeconomic Value Theory of Inventors and Entrepreneurs

@inproceedings{Baumol2005ReturnOT,
  title={Return of the Invisible Men : The Microeconomic Value Theory of Inventors and Entrepreneurs},
  author={William J. Baumol},
  year={2005}
}
I have already and repeatedly joined other voices in noting the virtual expulsion of the entrepreneur from contemporary mainstream literature of economics. I have also joined the call for the restoration of the entrepreneurs’ place in the theory, given the fact that no one seems to deny their importance for the workings of the free-market economy in general and for its growth and innovation in particular. Here, I begin by offering my own explanations for the entrepreneur’s exclusion. More… CONTINUE READING

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