SCHUMPETER ON ENTREPRENEURSHIP

Young Back Choi

A chapter in Austrian Economics and Entrepreneurial Studies, 2003, pp 275-278 from Emerald Group Publishing Limited

Abstract: The English translation of Schumpeter’s essay on entrepreneurship, written around the time when he prepared the second edition ofTheorie der Wirtschaftlichen Enwicklung(1926), from which the English translationThe Theory of Economic Development(1934)was made, contains many of the ideas found inThe Theory of Economic Developmentand inCapitalism, Socialism and Democracy(1942). Since the essay, “Entrepreneur” (1928) is relatively short, yet contains most of the central ideas developed in his later works, the essay can be regarded as a blueprint for his life’s work. The task of evaluating the significance and the value of the translation in addressing the questions of whether or not, and the extent to which, Schumpeter had changed his ideas on entrepreneurship since the first edition ofTheorie(1912), however, falls on Schumpeter scholars (e.g. Elliott, 1983; Shionoya, 1997). My comment here, instead, will be limited to Schumpeter’s concept of entrepreneurship as stated in the essay.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aaeczz:s1529-2134(03)06016-2

DOI: 10.1016/S1529-2134(03)06016-2

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