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Entrepreneurs play a crucial role in the market, yet mainstream economics often overlooks their impact. Weiying Zhang critiques neoclassical economics for its price-centric view, arguing that it leads to misconceptions about market functions and failures. By proposing an entrepreneur-centric paradigm, he emphasizes the market as a discovery and creative process, supported by historical and contemporary case studies. Zhang contends that a proper understanding of entrepreneurship can challenge the rationale for government intervention, ultimately fostering sustainable economic growth.
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Re-Understanding Entrepreneurship, Weiying Zhang
- Language
- Released
- 2024
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- (Hardcover)
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- Title
- Re-Understanding Entrepreneurship
- Subtitle
- What It Is and Why It Matters
- Language
- English
- Authors
- Weiying Zhang
- Publisher
- Cambridge University Press
- Released
- 2024
- Format
- Hardcover
- Pages
- 377
- ISBN13
- 9781009453394
- Series
- Description
- Entrepreneurs play a crucial role in the market, yet mainstream economics often overlooks their impact. Weiying Zhang critiques neoclassical economics for its price-centric view, arguing that it leads to misconceptions about market functions and failures. By proposing an entrepreneur-centric paradigm, he emphasizes the market as a discovery and creative process, supported by historical and contemporary case studies. Zhang contends that a proper understanding of entrepreneurship can challenge the rationale for government intervention, ultimately fostering sustainable economic growth.