GENERAL INTRODUCTION

As the title of my book-An Entrepreneurial Theory of the Firmshows, the goal of this work is to introduce the “most forceful, dramatic, and obvious phenomenon in all economic life” (Hughes 1986 [1965]: x)—namely entrepreneurship-into the theory of the firm. Indeed, the economic theory of the firm, like most of the rest of economic theory, does not really make room for entrepreneurial activity and thus does not account for the most fundamental aspect of the market process.