To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory

Magnus Henrekson (), Dan Johansson and Johan Karlsson

Entrepreneurship Theory and Practice, 2024, vol. 48, issue 1, 104-140

Abstract: Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter Mark I and the entrepreneurless framework of Schumpeter Mark II. The literature leans heavily toward Schumpeter Mark II; innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.

Keywords: creative destruction; economic growth; entrepreneur; innovation; judgment; Knightian uncertainty (search for similar items in EconPapers)
Date: 2024
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Related works:
Working Paper: To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory (2023)
Working Paper: To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory (2023)
Working Paper: To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:48:y:2024:i:1:p:104-140

DOI: 10.1177/10422587221141679

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