The investment group: the missing link in British overseas expansion before 1914?

Entrepreneurship and Market Order: Some Historical Evidence

“…Second, it is meant to describe an entrepreneurial behaviour, which consisted 'of adaptive responses to short-term opportunities for capital accumulation rather than creative [e.g. industrial] innovation and long-term planning'; hereby thus following the term mercantile as used in Turell andVan-Helten (1987). See also PepelasisMinoglou and Ioannides (2004).…”