New Venture Formations in United States Manufacturing

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This volume, originally published in 1995, investigates the variation in rates of new venture inititations across manufacturing industries. Based on Austrain and other perspectives on market disequilibrium, the book proposes a model of new venture formation in dynamic markets. It focuses on the environmental factors which immpact rates of entrepreneurship in industries and argues that more dynamic industries will contain more profit opportunities and therefore exhibit a greater degree of entrepreneurship and new venture creation.