Entrepreneurship and the Market Process: An Enquiry into the Growth of Knowledge

A theory of entrepreneurship is crucial to a theory of the market process. Mainstream economics has failed to tackle adequately the problem of how economic agents improve their knowledge in a disequilibrium setting. Entrepreneurship and the Market Process redresses this need by developing a dynamic theory of entrepreneurship. David Harper applies Karl Popper's ideas, developed in the context of the growth of scientific knowledge, to economic behavior. The methodological approach sucessfully applies Popper's philosophy to the problem of how entreprenaurs learn in the light of experience and feedback from the market. As such, it provides a valuable new view of the market process as a learning procedure for generating and testing entrepreneurial ideas.