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Entrepreneurship in the History of Economic Thought

Author

Listed:
  • Balug, M.

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.

Suggested Citation

  • Balug, M., 1995. "Entrepreneurship in the History of Economic Thought," Discussion Papers 9515, University of Exeter, Department of Economics.
    • Handle: RePEc:exe:wpaper:9515
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    More about this item

    Keywords

    ECONOMIC HISTORY;

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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