one of the key developments in economic research and policy analysis in the last two decades. At the same time, the entrepreneur has made a comeback, resurrected as one of the prime value creators in society. This comprehensive research review builds on Baumol’s 1990 framework to categorize and classify the growing research field that explores the interplay between institutions and entrepreneurship. It also contains the unique feature of examining the ways in which entrepreneurs themselves shape institutions.
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Affluent Consumption and the Global Economy
This book addresses the challenge posed by J.K. Galbraith over 50 years ago to make a constructive contribution to a different style of economic analysis – the economics of abundance. It identifies a system of abundance inhabited by the ‘people of plenty’ and illustrates that the driver of growth in this system is spending by affluent consumers. This timely book provides essential heterodox economic theory to explain this spending and explore its key drivers and constraints.