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Small Business Economics

, Volume 24, Issue 5, pp 423–430 | Cite as

The Individual – Opportunity Nexus: A Review of Scott Shane: A General Theory of Entrepreneurship

  • Mark Casson
Article

Abstract

A review of an outstanding recent book provides an opportunity to reflect on the achievements of the theory of entrepreneurship, and also to identify unresolved issues. It is argued that the nature of ‘opportunity’, and the cognitive basis of opportunity recognition, should be a prominent feature of future research.

Keywords

entrepreneurship opportunity growth success 

JEL CLASSIFICATION

D8 success 

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References

  1. Cantillon R. 1755, ‘Essai sur la Nature du Commerce en General’, in Higgs (ed.), London: Macmillan, 1931.Google Scholar
  2. Hayek, F.A.V. 1937‘Economics and Knowldege’Economica (New series)43354Google Scholar
  3. Knight, F.H. 1921Risk Uncertainty and ProfitHoughton MifflinBostonGoogle Scholar
  4. Schumpeter, J.A. 1934Theory of Economic Development (trans. R.Opie)Harvard University PressCambridge MAGoogle Scholar

Copyright information

© Springer 2005

Authors and Affiliations

  • Mark Casson
    • 1
  1. 1.The University of ReadingUnited Kingdom

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