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.
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References
Cantillon R. 1755, ‘Essai sur la Nature du Commerce en General’, in Higgs (ed.), London: Macmillan, 1931.
F.A.V. Hayek (1937) ArticleTitle‘Economics and Knowldege’ Economica (New series) 4 33–54
F.H. Knight (1921) Risk Uncertainty and Profit Houghton Mifflin Boston
J.A. Schumpeter (1934) Theory of Economic Development (trans. R.Opie) Harvard University Press Cambridge MA
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Scott Shane, (2003). A General Theory of Entrepreneurship, Cheltenham: Edward Elgar.
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Casson, M. The Individual – Opportunity Nexus: A Review of Scott Shane: A General Theory of Entrepreneurship. Small Bus Econ 24, 423–430 (2005). https://doi.org/10.1007/s11187-004-5613-x
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DOI: https://doi.org/10.1007/s11187-004-5613-x