The Foundational Contribution to Entrepreneurship Research of William J. Baumol

William J. Baumol has made an impressive number of important contributions to our understanding of entrepreneurship. This article presents an interview in which Baumol discusses the role and importance of innovation in the economy, as well as his views on methodological and pedagogical issues. In ad...

Full description

Saved in:
Bibliographic Details
Published in:Strategic entrepreneurship journal 2016-06, Vol.10 (2), p.214-228
Main Author: Minniti, Maria
Format: Article
Language:English
Subjects:
Baumol
Baumol, William J
contestable market
cost disease
economics
Economists
Entrepreneurship
Innovations
innovative entrepreneur
Market entry
Personal profiles
productive entrepreneurship
Writers
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:William J. Baumol has made an impressive number of important contributions to our understanding of entrepreneurship. This article presents an interview in which Baumol discusses the role and importance of innovation in the economy, as well as his views on methodological and pedagogical issues. In addition to summarizing briefly Baumol's classic argument on productive, unproductive, and destructive entrepreneurship, the article highlights some areas of his work that are less known among entrepreneurship scholars. In particular, the article discusses Baumol's work on economic growth and his theory of contestable markets. Both topics offer fruitful research venues for those interested in the relationship between strategic entrepreneurship, market entry, and innovation. Copyright © 2016 Strategic Management Society.
ISSN:1932-4391
1932-443X
DOI:10.1002/sej.1219