Entrepreneurship And Market Order: Some Historical Evidence

The objective here is to establish the proposition that creative entrepreneurship gives rise to a market order which is optimally adjusted to facilitate the introduction and the diffusion of innovations, particularly those that take the form of new markets, new organizational schemes, new management devices and new methods and means of doing business. To substantiate this claim the authors extract from the existing historical literature and employ the ideal type entrepreneurial method of the Greek diaspora network. The interpretation they offer is that this method showed a high degree of operational flexibility and institutional adaptability and that it is these two properties that explain its marked tenacity over time.