The capitalist entrepreneur and the entrepreneurial process

L'entrepreneur capitaliste et le processus entrepreneurial

Christel Vivel ()
Additional contact information
Christel Vivel: UR CONFLUENCE : Sciences et Humanités (EA 1598) - UCLy - UCLy (Lyon Catholic University), ESDES - ESDES, Lyon Business School - UCLy - UCLy - UCLy (Lyon Catholic University)

Post-Print from HAL

Abstract: The figure of the capitalist entrepreneur, as depicted in today's economic and managerial literature, links the possession of capital with profit realization, emphasizing investment as the driving force behind entrepreneurial action. The entrepreneur is thus seen as the ultimate decision-maker regarding the resources, assets, and skills they possess. However, this perspective fails to capture the essence of entrepreneurial action. By reducing the entrepreneur to a maximizer of assets under constraints, it overlooks the specificity of entrepreneurship. The possession of a specific asset is not sufficient to explain the initiation of the entrepreneurial process. To understand this process, one must adopt a contextual analysis and consider the institutional environment.

Keywords: Austrian school of Economics; Entrepreneurship; Economic Methodology; History of Economic Thought; Tradition économique autrichienne; Méthodologie économique; Histoire de la pensée économique; Entrepreneuriat (search for similar items in EconPapers)
Date: 2025-07-09
Note: View the original document on HAL open archive server: https://ucly.hal.science/hal-05496081v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Revue interdisciplinaire droit et organisations, 2025, 9, pp.13-30

Downloads: (external link)
https://ucly.hal.science/hal-05496081v1/document (application/pdf)

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:hal:journl:hal-05496081

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().