Abstract
This article restates and enhances the methodology described by Yu et al. in this journal (3:291–309, 2000) by projecting its implications in light of recent interdisciplinary research, suggesting several new directions of inquiry. The difference between a static neoclassical approach and a dynamic multidimensional approach, stated in terms of macro-entrepreneurship setting the stage for macro-sustainability, is further highlighted. Existing case studies can be reinterpreted by this new approach.
Article PDF
Similar content being viewed by others
Avoid common mistakes on your manuscript.
References
Bamford J, Ernst D (2002) Managing an alliance portfolio. McKinsey Quarterly 28:29–39
Barkusky M, Lorne F (2006) The economic logic of corporate social responsibility: implications for strategy, policy and education. International Journal of Environment, Workplace and Employment 2:148–179
Bateson G (1972) Steps to an ecology of mind. Chandler, New York
Baumol WJ (1993) Formal entrepreneurship theory in economics—existence and bounds. Journal of Business Venturing 8:197–210
Brown DL, Dillard JF, Marshall RS (2005) Strategically informed, environmentally conscious information requirements for accounting information systems. Journal of Information Systems 19:79–103
Brown D, Dillard J, Marshall RS (2008) Triple bottom line: a business metaphor for a social construct. In: Dillard J, Dujon V, King M (eds) Understanding the social dimension of sustainability. Routledge, New York
Buchanan JM, Faith RL (1981) Entrepreneurship and the internalization of externalities. Journal of Law and Economics 24:95–111
Cerin P (2006) Bringing economic opportunity into line with environmental influence: a discussion on the Coase Theorem and the Porter and Van Der Linde Hypothesis. Ecological Economics 56:209–225
Chau KW, Yiu CY, Wong SK, Lai LWC (2003) Hedonic price modeling of environmental attributes: a review of the literature and a Hong Kong case study. In: Lai LWC, Lorne FT (eds) Implementing and understanding sustainable development. Nova Science, New York, pp 87–110
Chau KW, Ho D, Leung HF, Wong SK, Cheung AKC (2004) Improving the living environment in Hong Kong through the use of a building classification system—a win-win-win solution for the community, the government, and tertiary institutions in Hong Kong. CIOB (HK) Quarterly Journal 4:14–15
Cheung SNS (2001) Economic explanation book I. The science of demand (in Chinese). Arcadia, Hong Kong
Cheung SNS (2002a) Economic explanation book II. The behavior of supply (in Chinese). Arcadia, Hong Kong
Cheung SNS (2002b) Economic explanation book III. The choice of institutional arrangements (in Chinese). Arcadia, Hong Kong
Cheung SNS (2005) On the new institutional economics. In: Cheung SNS (ed) Economic explanation: selected papers of Steven N.S. Cheung. Arcadia, Hong Kong, pp 241–265
Condon PM, Proft J, Teed J, Muir S (2002) Site design manual for BC communities. University of British Columbia Press, Vancouver, BC
Dean TJ, McMullen JS (2007) Toward a theory of sustainable entrepreneurship: reducing environmental degradation through entrepreneurial action. Journal of Business Venturing 22:50–76
Dillard J, Brown D, Marshall RS (2005) An environmentally enlightened accounting. Accounting Forum 29:77–101
Eckhardt JT, Shane SA (2003) Opportunities and entrepreneurship. Journal of Management 29:333–349
Giddens A (1976) New rules of sociological method. Hutchinson, London
Giddens A (1979) Central problems in social theory: action, structure, and contradictions in social analysis. Macmillan, London
Giddens A (1984) The constitution of society: outline of the theory of structuration. University of California Press, Berkeley
Hayek F (1945) The use of knowledge in society. American Economic Review 35:519–530
Kirzner I (1993) Competition and entrepreneurship. University of Chicago Press, Chicago
Lai LWC (2005) Neo-institutional economics and planning theory. Planning Theory 4:7–19
Lai LWC, Hung CWY (2008) The inner logic of the Coase Theorem and a Coasian planning research agenda. Environment and Planning B: Planning and Design 35:207–226
Lai LWC, Lorne FT (2003) Understanding and implementing sustainable development. Nova Science, New York
Lai LWC, Lorne FT (2004) Implementing sustainable development: institutional features. Encyclopedia of life supporting systems. EOLSS and UNESCO
Lai LWC, Lorne FT (2006) The Coase Theorem and planning for sustainable development. Town Planning Review 77:41–73
Lai LWC, Chau KW, Ho DCW, Lorne FT (2006) A Hong Kong model of sustainable development. Property Management 24:251–271
Lancaster KJ (1979) Variety equity and efficiency. Columbia University Press, New York
North DC (1990) Institutional change and economic performance. Cambridge University Press, Cambridge
Rosa JJ (2006) The second twentieth century: how the information revolution shapes business, states, and nations. Hoover, Stanford, CA
Sarason Y, Dean T, Dillard JF (2006) Entrepreneurship as the nexus of individual and oportunity: a structuration view. Journal of Business Venturing 21:286–305
Schumpeter J (1934) The theory of economic development. Harvard University Press Cambridge, MA
Shane S, Venkataraman S (2000) The promise of entrepreneurship as a field of research. Academy of Management Journal 25:217–226
Silberberg E (1978) Structure of economics: a mathematical analysis. McGraw Hill, New York
Webster C, Lai WCL (2003) Property rights, planning and markets: managing spontaneous cities. Edward Elgar, Cheltenham
Yu TB, Shaw D, Fu TT, Lai LWC (2000) A property rights and contractual approach to sustainable development. Environmental Economics and Policy Studies 3:291–309
Author information
Authors and Affiliations
About this article
Cite this article
Lorne, F.T. Macro-entrepreneurship and sustainable development: the need for innovative solutions for promoting win-win interactions. Environ Econ Policy Stud 10, 69–85 (2009). https://doi.org/10.1007/BF03353979
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/BF03353979