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The Entrepreneur

In: A Critique of Orthodox Economics

Author

Listed:
  • Harold Lydall

Abstract

In previous chapters it was pointed out that modern Walrasian-based neoclassical theory leaves no function for the entrepreneur. He is excluded by three basic assumptions of the theory. These are: perfect competition; perfect knowledge of technology; and the absence of time lags between decisions and outcomes.

Suggested Citation

  • Harold Lydall, 1998. "The Entrepreneur," Palgrave Macmillan Books, in: A Critique of Orthodox Economics, chapter 4, pages 51-63, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37987-9_4
    DOI: 10.1057/9780230379879_4
    as

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