An Introduction to Entrepreneurship

Abstract

Entrepreneurs play a pivotal role in boosting progress, productivity, and prosperity. They drive economic growth and create new opportunities. Their innovations transform people’s lives. Yet, their enormous contribution is not widely understood and is often overlooked in economics textbooks. This book sets the record straight, explaining the vital role of entrepreneurship, exploring its economic and social significance, and examining the conditions needed for it to thrive. Along the way, it considers the kind of “unusual” people who become entrepreneurs and states the case for rehabilitating entrepreneurship into mainstream economics and politics.

Keywords: entrepreneurship, economics, economic history, public policy

JEL Classification: N80, M20, D20