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| Author: | Spencer, A.S. Kirchhoff, B.A. White, C. |
| Title: | Entrepreneurship, innovation, and wealth distribution: the essence of creative destruction |
| Journal: | International Small Business Journal
2008 : FEB, VOL. 26:1, p. 9-26 |
| Index terms: | entrepreneurship creativity evolutionary economics innovation technology distribution of wealth |
| Freeterms: | creative destribution micro-technology nano-technology |
| Language: | eng |
| Abstract: | This paper provides an in-depth discussion on the theories and themes in entrepreneurship research. Latest studies have focused on innovation aspect and overlooked the wealth redistribution matters of entrepreneurship. New firms play a vital role in creating new economic opportunities, providing the new technology that keeps the economy going and maintaining an equitable distribution of wealth. The authors show how new micro- and nano-technologies have influenced high-tech start-ups in the electronics industry, computer industry and pharmaceutical industry. |
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