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Entrepreneurship in the History of Economic Thought

M. Balug

Discussion Papers from University of Exeter, Department of Economics

Abstract: A survey of the theory of entrepreneurship from Cantillon to Schumpeter and Knight focussing on the virtual dissapearance of entrepreneurship in economic thought after 1870. Since then the concept has made a comeback in the writings of modern Austrians, such as Hayek and Kirzner. Kirzner's arbitrage-theory of entrepreneurship is contrasted with the non-Austrian theory of entrepreneurship in "new" institutionalist theory of the firm.

Keywords: ECONOMIC; HISTORY (search for similar items in EconPapers)
JEL-codes: B1 B2 L2 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:exe:wpaper:9515

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