Entrepreneurial Economics is concerned with the role, nature and scope of entrepreneurship in economic theory and the economy. A range of conventional and alternative economic approaches to defining and analysing entrepreneurship are reviewed. These identify a critical role for entrepreneurs in wealth creation, employment creation and economic development. Non-economic approaches to entrepreneurship, within the disciplines of sociology, psychology and management, are also considered. These approaches are reviewed from an economic perspective, providing a well-rounded view of the economic importance of entrepreneurs and their activities. The role of social entrepreneurs and of government policies designed to increase the numbers of entrepreneurs in the economy are then considered. Illustrations of successful entrepreneurs and an appendix on business planning are given to assist advanced under-graduates and graduates in developing their understanding of key theoretical and policy issues. The book also contains original ideas and material of interest to researchers in the field.
