The Rule-Based Economy and the Function of the Entrepreneur
Chapter Chapter 3 in The Entrepreneur in Rule-Based Economics, 2017, pp 21-26 from Springer
Abstract Concrete examples are needed to illustrate the concept of rules and corresponding operations as key elements of a rule-based economy. Importantly, we demonstrate how the understanding of rules is a prerequisite for understanding corresponding operations. We then explore the role of the entrepreneur in an evolving rule economy. Taking reference to technological rules, we illustrate the function of the entrepreneur across analytical levels (micro, meso and macro) and then achieve generalisation of the entrepreneurial function for all classes of rules. Building on these insights, we propose a general definition of the entrepreneurial function in terms of a “propagator role”, which involves the diffusion of new rules by linking makers to users.
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