Entrepreneurship, risk and income distribution in Adam Smith
Tony Aspromourgos
The European Journal of the History of Economic Thought, 2014, vol. 21, issue 1, 21-40
Abstract:
The treatment of functional income distribution in classical economics has commonly been interpreted in terms of a tripartite distinction between the roles of, and the returns to, labour, capital and land, with the classical income distribution theories explaining the determination of rates of wages, profits and rents. Is there then any distinct role for entrepreneurship in the classical approach to distribution and prices? Is it absent from those theories, or subsumed under other economic functions? How is entrepreneur remuneration understood, if theorised at all? These questions are addressed in relation to the political economy of Adam Smith in particular.
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)
Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2012.683025 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:21:y:2014:i:1:p:21-40
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20
DOI: 10.1080/09672567.2012.683025
Access Statistics for this article
The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso
More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().