The Entrepreneur

Harold Lydall

Chapter 4 in A Critique of Orthodox Economics, 1998, pp 51-63 from Palgrave Macmillan

Abstract: Abstract In previous chapters it was pointed out that modern Walrasian-based neoclassical theory leaves no function for the entrepreneur. He is excluded by three basic assumptions of the theory. These are: perfect competition; perfect knowledge of technology; and the absence of time lags between decisions and outcomes.

Keywords: Large Firm; Small Enterprise; Market Imperfection; Business Decision; Perfect Knowledge (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37987-9_4

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DOI: 10.1057/9780230379879_4

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