Entrepreneurship is the engine of ecomic progress, but mainstream ecomic models of ecomic growth tend to leave out the entrepreneurial elements of the ecomy. This new book from Randall Holcombe begins by identifying areas in which evolutionary and Austrian approaches differ from the academic mainstream literature on ecomic growth, before moving on to distinguish growth from progress. The author then analyzes ecomic models of the firm based on the idea that it is entrepreneurship that drives ecomic progress. The book should prove to be a natural successor to recent Routledge books by Frederic Sautet and David Harper.
Randall G. Holcombe is DeVoe Moore Professor of Economics at Florida State University, USA.