Question

Everett Hagen developed the 'Theory of_________​

Answer 1

Answer:

Entrepreneurship

Explanation:

Everett E. Hagen was a political scientist and economist writing at MIT in the 1950s and 1960s. He sought to explain how traditional societies changed into those with continual technological progress and hence, rising per capita incomes. Here we discuss Hagen's theory of entrepreneurship.

Answer 2

Everett Hagen developed the 'Theory of Social Change'​.

• Hagen proposed a method for transforming a traditional society into one in which ongoing technological advancement occurs, in his theory of social transformation.
• The theory investigates the elements listed below, which presuppose that the innovation of the entrepreneur is the essential component of social change and economic expansion.

1. A result of political and social change; Hagen contends that the majority of economic explanations of underdevelopment are insufficient.
2. Rejection of Followers Syndrome: Hagen disagreed with the notion that adopting Western Technology is the key to Economic Development. So the entrepreneur is discouraged from having the followers syndrome.
3. Historical change as a driver of change: In his book "How Economic Growth Begins," Hagen describes historical change as a key cause that sparked social transformation, technological advancement, and the emergence of the entrepreneurial class for many castes and groups.

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