...). The authors also show the importance of the proper role of institutions for productive entrepreneurship—and the danger of unproductive or destructive entrepreneurship when such institutions do not have policies favorable to entrepreneurship. Economic theory Entrepreneurship theory Cantillon effects...

... Entrepreneurial action Research methods Economic theory Consider two books, both published in the mid-1970s – Nobel Laureate Oliver Williamson’ s (1975)  Markets and Hierarchies, and Israel Kirzner’s (1973) Competition and Entrepreneurship. Both are regarded as seminal by researchers...

..., and as pointed out, it has had a significant scientific impact. But to put things in perspective, James Buchanan’s “An economic theory of clubs” published in 1965 has accumulated roughly 3,500 citations, F.A. Hayek’s “The use of knowledge in society,” published in 1945 has over 12,000, and Ronald Coase’s...