著者

パーティ アラン デル

出版者

新潟経営大学

雑誌

新潟経営大学紀要 (ISSN:13412604)

巻号頁・発行日

vol.8, pp.189-232, 2002-03-25

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and Singapore. While other Asian economies suffered a drastic drop to below zero GDP growth levels, collapse of stock and real estate prices and general chaos, these four Chinese economies suffered only relatively minor adjustments in all four areas and continued their expansions. This turn of events has caused a need for reexplanation of previous thinking on the subject. The neoclassical economic model by assuming perfect knowledge and perfect market equilibrium had left the entrepreneur and the state with no major role to be played in the development process. However, out of this desire to expand on the neoclassical foundation, the long founded school of Austrian economics has been revived by many economists. It's only been since 1989 that over a dozen economists and others have begun applying these theories of adaptive entrepreneurship to the Asian NIEs economies. These adaptive theories differ from Schumpeter's creative entrepreneurship theories yet are complimentary. This study will utilize Kirznerian adaptive entrepreneurship as a framework for analyzing the case studies used in this thesis in order to compliment the explanatory power of the neoclassical explanation for the so called miracle of the three little tigers or as some have called the Chinese newly industrialized economies (NIEs or Ethnic Chinese Economies).