Re-Understanding Entrepreneurship

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Entrepreneurs play a crucial role in the market, yet mainstream economics often overlooks their impact. Weiying Zhang critiques neoclassical economics for its price-centric view, arguing that it leads to misconceptions about market functions and failures. By proposing an entrepreneur-centric paradigm, he emphasizes the market as a discovery and creative process, supported by historical and contemporary case studies. Zhang contends that a proper understanding of entrepreneurship can challenge the rationale for government intervention, ultimately fostering sustainable economic growth.