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Valuing an Entrepreneurial Enterprise$
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David B. Audretsch and Albert N. Link

Print publication date: 2012

Print ISBN-13: 9780199730377

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199730377.001.0001

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Innovative Activity

Innovative Activity

Alternative Economic Frameworks and Policy Approaches

(p.17) 2 Innovative Activity
Valuing an Entrepreneurial Enterprise

David B. Audretsch

Albert N. Link

Oxford University Press

This chapter provides a general discussion of alternative economics frameworks for analyzing innovation activity. Alternative approached to innovation, and their implications for public policy, are compared and contrasted. The approaches include the neoclassical model, the Keynesian model, and the Schumpeterian model. This discussion underscores the topical nature and importance of the entrepreneurial enterprise.

Keywords:   entrepreneurship, entrepreneurial enterprise, innovation, public policy, Keynesian model, neoclassical model, Schumpeterian model

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