The Entrepreneur

Günter Schmölders

Chapter 4 in The Psychology of Money and Public Finance, 2006, pp 136-156 from Palgrave Macmillan

Abstract: Abstract Previously economic science has concerned itself far too little and too superficially with the person and the role of the entrepreneur, and his significance to the course of the economy. J.A. Schumpeter referred to the ‘sin of omission’ of which conventional economic theory has been guilty for 200 years, this theory now paying the merciless penalty that is failure of state economic policy; handling of the entrepreneur problem was described by Schumpeter as ‘not a glorious chapter in the annals of socio-economic analysis’. ‘The theoreticians have almost managed to overlook this most colourful figure in contemporary economic life.’

Keywords: Market Economy; Underdeveloped Country; Entrepreneurial Behaviour; Entrepreneurial Decision; Charitable Purpose (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62511-2_4

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DOI: 10.1057/9780230625112_4

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