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The Entrepreneur

In: The Psychology of Money and Public Finance

Author

Listed:
  • Günter Schmölders

Abstract

Previously economic science has concerned itself far too little and too superficially with the person and the role of the entrepreneur, and his significance to the course of the economy. J.A. Schumpeter referred to the ‘sin of omission’ of which conventional economic theory has been guilty for 200 years, this theory now paying the merciless penalty that is failure of state economic policy; handling of the entrepreneur problem was described by Schumpeter as ‘not a glorious chapter in the annals of socio-economic analysis’. ‘The theoreticians have almost managed to overlook this most colourful figure in contemporary economic life.’

Suggested Citation

  • Günter Schmölders, 2006. "The Entrepreneur," Palgrave Macmillan Books, in: The Psychology of Money and Public Finance, chapter 4, pages 136-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62511-2_4
    DOI: 10.1057/9780230625112_4
    as

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