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33 ernance features within the firm
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35 possible only when the firm exis
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37 Henry Manne’s essay, “Merger
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39 will not always expand output to
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41 of market exchange exceed those
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43 management of a diversified cong
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45 laws that interfere with hiring
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47 However, the fact that some merg
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CHAPTER 3 Do Entrepreneurs Make Pre
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51 quired assets expose past errors
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53 is chapter elaborates a fourth,
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55 (High, 1982, p. 167). In this co
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57 1993, p. 376). In short, both th
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59 that poor long-term performance
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61 Klein and Klein (2008) study 222
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63 regressions to see if either asp
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65 statistically significant. Overa
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CHAPTER 4 The Entrepreneurial Organ
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69 organization. e chapter proceeds
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71 entrepreneur without capital goo
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73 Primarily, if circumstances chan
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75 SUMMING UP. While capital hetero
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77 production as conceived by entre
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79 ership is a low-cost means of al
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81 gues that “entrepreneurship re
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83 managed by the entrepreneur’s
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85 Internal Organization As Foss an
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87 Stimulating the productive creat
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89 decision rights (what we may cal
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91 economic organization and manage
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94 not only made firms increas
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96 (2000) argue that particula
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98 Judgment is distinct from b
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100 e most important exception
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102 generating an information
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104 that opportunities do not
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106 creation framework. Alvare
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108 objective, exogenously giv
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110 judgment that entrepreneur
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112 of entrepreneurial experim
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114 Some applications, such as
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116 Summary and Conclusions e
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118 is chapter extends the dis
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120 in the case of human actio
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122 Knight devotes a chapter o
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124 the entrepreneurial select
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126 an organized movement in t
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128 While I agree that the Aus
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130 intended the Principles as
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132 in 1950, remained economic
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134 [We] could point to a long
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136 toward price changes. We t
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138 secured a supply, and high
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140 learning. Knowledge, expec
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142 expectations until the ful
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144 clearly from the principle
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146 movement from the PSR to t
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148 like on the allocation of
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150 In a recent response to Sa
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CHAPTER 8 Commentary A Government D
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155 protocol—what is now called
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157 sions. Unfortunately, the whole
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159 assets are not novel. (Tom Stan
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161 to buy or not to buy, to patron
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163 Cardiff and Klein (2005) examin
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165 year colleges and universities,
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167 decades, however, the role of t
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169 e current crises in higher educ
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171 prices. e main function of capi
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173 of the exact structure of the m
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175 F Hayek the Innovator † F. A.
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177 exciting group: Robbins, J. R.
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179 When the 1974 Nobel Prize in ec
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181 In Prices and Production (1931)
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183 tion of “competition,” iden
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185 [the Wieser branch] from which
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187 Regardless, there is widespread
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189 to overcome “market failure.
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191 structure of production. Menger
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193 Coda On a personal level, Willi
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196 Aldrich, Howard E., and Ga
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198 Besanko, David, David Dran
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200 ———. 1997. “Hayek
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202 Cook, Michael L., Molly J.
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204 Ekelund, Robert B. 1986.
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206 Foss, Nicolai J., and Volk
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208 Grossman, Sanford J., and
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210 ———. 1963a. “e eco
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212 Hill, Charles W. L., and D
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214 Jensen, Michael C., and Ka
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216 ———. 1999. “Mises
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218 ———. 1977. Capital,
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220 ———. 1995. “Path d
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222 Matsusaka, John G. 1993.
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224 Mitchell, Mark, and J. Har
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226 Ravenscraft, David, and F.
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228 ———. 1991. “Commen
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230 Shaver, Kelly G., and Lind
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232 Teece, David J. 1980. “E
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234 ———. 1996. e Mechani
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236 C calculation, versus ince
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238 I incentives, versus calcu
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240 return on investment (ROI)