"Baumol is one of the giants in the entrepreneurship field. "The Microtheory of Innovative Entrepreneurship" will be widely read, discussed, and debated, and is likely to have a significant impact on the scholarly conversation."--Peter G. Klein, University of Missouri"This book is a timely and valuable contribution to the economics of entrepreneurship. Baumol's ambitious goal is to give the entrepreneur his rightful place in economic theory. He demonstrates that, contrary to conventional thinking, the elusive figure of the entrepreneur is indeed amenable to logical economic analysis."--Simon C. Parker, University of Western Ontario