A Study of Entrepreneurship New Institutionalism of the Ethnically−Traders Homogeneous Group in Comparison with Other Entrepreneurship Theories for Less Developed Countries

Document Type : علمی - پژوهشی

Author

Economic.Faculty of Economic and official sciences, university of mazandaran, Babolsar.Iran

Abstract

Three intellectuals in entrepreneurship made effective developments in the economy. Neo-classical entrepreneurship with complete rationality and market in equilibrium promises to accept the environmental impact on business. In the critique of the process, Austrian entrepreneurship, by planning the market in equilibrium with entrepreneurial vigilance, considers the opportunity to profit for the entrepreneur. The new institutionalism approach with the design of official and informal institutions and entrepreneurial contracts in the institutional environment attracted attention to productive and destructive entrepreneurship. This paper seeks to introduce new institutionalism, with the theory of ethnic entrepreneurship activity in the form of a united commercial network with ethnic identity and culture, paying attention to confidence among ethnicities for the opportunity to profit and productive entrepreneurship for underdeveloped countries. The results indicate the usefulness of this theory and its application to less developed countries in creating sustainable growth and development for the entrepreneurial environment.

Keywords


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