Jump to ContentJump to Main Navigation
Why Philanthropy MattersHow the Wealthy Give, and What It Means for Our Economic Well-Being$
Users without a subscription are not able to see the full content.

Zoltan J. Acs

Print publication date: 2013

Print ISBN-13: 9780691148625

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691148625.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 26 June 2022

Entrepreneurship and Innovation

Entrepreneurship and Innovation

Chapter:
(p.46) Chapter 3 Entrepreneurship and Innovation
Source:
Why Philanthropy Matters
Author(s):

Zoltan J. Acs

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691148625.003.0003

This chapter examines entrepreneurship and innovation as fundamental elements of American-style capitalism. It first provides a historical background on how America got to an era of cowboy capitalism before discussing how the American economy evolved after the settlement of the western frontier. The major changes moved in the direction of large industrial processes and an attitude that, among firms, bigger is better; this period is known as the managerial economy, which lasted through the 1970s. The chapter also considers why the information technology revolution happened in America and concludes with an assessment of whether the past three decades really is a new era of cowboy capitalism—a shift from the managerial economy that dominated for most of the twentieth century to a renewed entrepreneurial economy.

Keywords:   entrepreneurship, innovation, American-style capitalism, cowboy capitalism, western frontier, managerial economy, information technology, entrepreneurial economy, American economy

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.