Nondestructive creation: Entrepreneurship and management research in the study of growth
AbstractEconomists' focus on institutions in explaining economic growth, while important, can obscure the significant role played by individual entrepreneurs and the process of entrepreneurship. The prevailing view of entrepreneurship in economics (which continues to shape prevailing public policies) centers on Schumpeter's famous concept of "creative destruction." In the context of sustained high levels of economic growth, as in the recent American experience, I focus on a different feature of entrepreneurship--"nondestructive creation," in which the uncoordinated contest of ideas and search for new applications of existing ideas generate growth. And this nondestructive creation should be analyzed and can be fostered.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Policy Modeling.
Volume (Year): 30 (2008)
Issue (Month): 4 ()
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Web page: http://www.elsevier.com/locate/inca/505735
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"Measuring and Explaining Management Practices Across Firms and Countries,"
CEP Discussion Papers
dp0716, Centre for Economic Performance, LSE.
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