Finance, State and Entrepreneurship in the Contemporary Economy

Sophie Boutillier
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Sophie Boutillier: University of Littoral Cote d’Opale

Chapter 5 in Powerful Finance and Innovation Trends in a High-Risk Economy, 2008, pp 66-87 from Palgrave Macmillan

Abstract: Abstract Entrepreneurs have been at centre of economists’ concerns and public policies since the beginning of the 1980s. This fact is relatively new. Since the end of the Second World War, the paradigm of the big company has prevailed. A paradigm (Kuhn, 1983) is defined as a set of interrogations, assumptions and responses starting from which a given reality becomes understandable. However, a paradigm also gives a structure to the scientific community which uses it as a reference. To question the theoretical model of reference is also to shed some doubts concerning the authority of the scientific community. On this aspect, we cannot fail to recall the acid remarks of J. Robinson, when she exposed the unrealistic nature of the production function, insufficient to explain economic reality, but absolutely necessary to make an academic career (Robinson, 1984). The paradigm of the big enterprise did not develop without clashes and conflicts. It progressively asserted itself to oppose the paradigm of a pure and perfect competition ignoring the existence of enterprises of different sizes (Walras, 1988).

Keywords: Social Capital; Venture Capital; Socialize Entrepreneur; Entrepreneurial Corporation; Nascent Entrepreneur (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58409-9_6

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DOI: 10.1057/9780230584099_6

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