{"product_id":"re-understanding-entrepreneurship-what-it-is-and-why-it-matters-hardback-9781009453394","title":"Re-Understanding Entrepreneurship; What It Is and Why It Matters (Hardback) 9781009453394","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRe-Understanding Entrepreneurship\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eWhat It Is and Why It Matters\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eShifts the focus of economics from a price-centric to an entrepreneur-centric paradigm.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eWeiying Zhang (Author), Matthew Dale (Translated by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009453394, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 2 May 2024\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e378 pages\u003cbr\u003e23.5 x 16 x 2.4 cm, 0.608 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Weiying Zhang is one of the most important economists of our time. I have learned a lot from him. At the center of his thinking is, quite rightly, the entrepreneur. Entrepreneurial ideas are the most important thing in capitalism - and we all owe our prosperity primarily to entrepreneurship.' Rainer Zitelmann, Historian, sociologist, entrepreneur, and author of In Defense of Capitalism (published in thirty languages)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eHow do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical economics is a market theory without entrepreneurship. This misconception distorts our understanding of how the real market works, leading to a theory of market failure that forms the common foundation of various government interventions. The market is not only an allocative process but, more importantly, a discovery and creative process. To understand the real market, Weiying Zhang argues that economics must shift from a price-centric to an entrepreneur-centric paradigm. Blending theory and narrative, Zhang intersects history with the present supporting his theory with relevant case studies. He argues that once entrepreneurship in the market is correctly understood, the foundation for government intervention is undermined and the economy can sustainably flourish.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Part I. The Nature of Knowledge and Entrepreneurship: 1. Soft knowledge and entrepreneurship\u003cbr\u003e 2. Understanding entrepreneurial decisions\u003cbr\u003e 3. Big data cannot replace entrepreneurs\u003cbr\u003e 4. Prejudice and hostility towards entrepreneurs\u003cbr\u003e Part II. Entrepreneurs in Market Theories: 5. The two paradigms of the market\u003cbr\u003e 6. What is a good market theory?\u003cbr\u003e 7. Entrepreneurship is the best anti-monopoly law\u003cbr\u003e 8. Entrepreneurial profit and common prosperity\u003cbr\u003e Part III. Uncertainty of Innovation and Industrial Policy: 9. Entrepreneurs in economic growth: arbitrage and innovation\u003cbr\u003e 10. The uncertainty of innovation\u003cbr\u003e 11. The airship and airplane duel\u003cbr\u003e 12. Entrepreneurship and industrial policy\u003cbr\u003e Part IV. Institutional Ecology of Entrepreneurship: 13. What determines the allocation of entrepreneurial talents?\u003cbr\u003e 14. Entrepreneurs and capitalists\u003cbr\u003e 15. Protection of rights versus protection of interests\u003cbr\u003e 16. Challenges for entrepreneurs from conflicting values\u003cbr\u003e Appendix A: My journey studying entrepreneurs\u003cbr\u003e Appendix B: How I came to know the Austrian School of Economics\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Entrepreneurship [\u003ca title=\"See our other books on Entrepreneurship\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Entrepreneurship%20%5BKJH%5D%22\"\u003eKJH\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52414014947608,"sku":"9781009453394","price":75.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009453394i.jpg?v=1784335863","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/re-understanding-entrepreneurship-what-it-is-and-why-it-matters-hardback-9781009453394","provider":"Freshly Printed Books","version":"1.0","type":"link"}