Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-p2v8j Total loading time: 0.001 Render date: 2024-06-06T23:50:50.107Z Has data issue: false hasContentIssue false

8 - Entrepreneurial Profit and Common Prosperity

from Part II - Entrepreneurs in Market Theories

Published online by Cambridge University Press:  02 May 2024

Weiying Zhang
Affiliation:
Peking University, Beijing
Get access

Summary

This chapter addresses the relationship between entrepreneurs and “common prosperity.” It argues four points both theoretically and empirically: (1) profit is a responsibility system under which everyone earns income only when he or she creates value for others; (2) entrepreneurs are the primary driver of wealth creation; (3) ordinary people are the biggest beneficiaries of the market economy and entrepreneurs; and (4) because the function of the entrepreneurship itself cannot be inherited, income distribution in the market is highly mobile and, “wealth cannot survive more than three generations” is the iron law of the market economy!

Type
Chapter
Information
Re-Understanding Entrepreneurship
What It Is and Why It Matters
, pp. 134 - 150
Publisher: Cambridge University Press
Print publication year: 2024

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×