Perspectives of Entrepreneurship Education in the Danube Region

Foreword to the 2022 Special Issue of Review of Economic Theory and Policy

Abstract

Education has a transformative effect. Without entrepreneurial education, there are no entrepreneurs. Even born entrepreneurs need new information and knowledge (all the time). Entrepreneurship is not an intuitive thing, even though intuition is an important issue during business activities, especially in the decision-making process. Many of today’s successful entrepreneurs attribute their success to their intuition. Bill Gates says for example, "you cannot ignore your intuition."

At the same time, theory is an essential component of the learning process. Without accumulated, abstract general knowledge, learning would be slow, difficult, and ineffective. This is especially true for university-level education, where a correctly chosen theory is the building block of teaching. Among other things, entrepreneurial theories help us better understand entrepreneurial behaviours. Entrepreneurial theories also help us understand why some people have greater entrepreneurial inclination than others. Macroeconomic research makes it clear that there is a need for entrepreneurship and activity, as this is how companies are created that provide work and a living for employees. But even sole proprietorships are valuable participants in value creation.