The Mason Years
Chapter 25: "Entrepreneurial Capitalism" in Capitalist Development
The concepts that Schumpeter developed have experienced a renaissance in the last few decades of the twentieth century. This was in large part due to the technological revolution, especially in the United States, which rediscovered the importance of innovation and entrepreneurship, the process by which new opportunities are discovered and implemented (Theory of Economic Development (1911 , hereafter TED).
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