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Entrepreneurship and the market process : an enquiry into the growth of knowledge
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ISBN: 0415130484 0415756588 020328836X 0203022394 1134791607 1280333464 9780415130486 1134791593 9780203288368 9780203022399 9781134791590 9781134791606 9781280333460 Year: 1996 Publisher: London: Routledge & Kegan Paul,

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Abstract

Enterpreneurship is central to the market process, and yet most theories of it fail to tackle the problem of how economic agents learn from their experience. This book redresses this by systematically applying the ideas of Karl Popper. It treats the entrepeneur as a theorist who develops conjectures which are then tested by exposure to the market, in an effort to eliminate errors. This is a critical aspect of the development of new ventures, as most entrepeneurial ideas turn out to be mistakes, at least in their original form.

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