Journal Article10.1177/104225870102500301
A Dynamic Model of Entrepreneurial Learning
Maria Minniti,William D. Bygrave +1 more
1.1K
TL;DR: A structural model of entrepreneurial learning is provided in which failure is as informative—though clearly not as desirable—as success and entrepreneurs can have myopic foresight.
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Abstract: We model entrepreneurial learning as a calibrated algorithm of an iterated choice problem in which entrepreneurs learn by updating a subjective stock of knowledge accumulated on the basis of past e...
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How learning spaces matter in entrepreneurship education: introducing the concept of topopraxis
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Paolo Leon
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TL;DR: The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray as discussed by the authors, and a good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan's economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker's Rule.
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Competing technologies, increasing returns, and lock-in by historical events*
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Competition and Entrepreneurship
TL;DR: Kirzner as discussed by the authors argues that the assumption of perfect knowledge is unrealistic and argues that every market participant is a potential entrepreneur who can exploit a situation, which depends on a lack of perfect information among the market participants.
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