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Before Schumpeter: forerunners of the theory of the entrepreneur in 1900s German political economy -- Werner Sombart, Friedrich von Wieser

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  • Gilles Campagnolo
  • Christel Vivel

Abstract

The paper aims at questioning the conceptual connection between Schumpeter, Sombart and Wieser on entrepreneurship. Using Schumpeter ‘to come back before Schumpeter’, we show which views these authors share on the character of the entrepreneur, the role of the entrepreneurial function in the economic process and the evolution of that notion up until the stage of developed capitalism ( Hochkapitalismus ). Thus, the entrepreneur appears as a key-stone for building capitalism. Finally, we indeed sketch the ‘spirit of entrepreneurship’ as it emerges from the entrepreneurial function.

Suggested Citation

  • Gilles Campagnolo & Christel Vivel, 2012. "Before Schumpeter: forerunners of the theory of the entrepreneur in 1900s German political economy -- Werner Sombart, Friedrich von Wieser," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 19(6), pages 908-943, December.
    • Handle: RePEc:taf:eujhet:v:19:y:2012:i:6:p:908-943
    DOI: 10.1080/09672567.2012.737006
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    Cited by:

    1. Festré, Agnès & Garrouste, Pierre, 2016. "Wieser As A Theorist Of Institutional Change," Journal of the History of Economic Thought, Cambridge University Press, vol. 38(4), pages 463-483, December.
    2. Gilles Campagnolo & Christel Vivel, 2020. "Kirzner and Rothbard on an Austrian theory of entrepreneurship: the heirs of both Menger and Mises discuss action and the role of institutions," Working Papers halshs-03107316, HAL.

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