Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Entrepreneurship: Entrepreneurship is the activity of setting up a business taking on financial risks in the hope of profit. It involves identifying market needs, creating innovative products or services, and organizing resources to exploit opportunities. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Joseph A. Schumpeter on Entrepreneurship - Dictionary of Arguments
Sobel I 8 Entrepreneurship/Schumpeter/Sobel/Clemens: „As it is the carrying out of new combinations that constitutes the entrepreneur, it is not necessary that he should be permanently connected with an individual firm … On the other hand, our concept is narrower than the traditional one in that it does not include all heads of firms or managers or industrialists who merely may operate an established business, but only those who actually perform that function. … But whatever the type, everyone is an entrepreneur only when he actually “carries out new combinations,” and loses that character as soon as he has built up his business, when he settles down to running it as other people run their businesses. This is the rule, of course, and hence it is just as rare for anyone always to remain an entrepreneur throughout the decades of his active life as it is for a businessman never to have a moment in which he is an entrepreneur, to however modest a degree.“ (TED(1): 75, 78) „The entrepreneur is never the risk bearer … even if the entrepreneur finances himself out of former profits, or if he contributes the means of production belonging to his “static” business, the risk falls on him as a capitalist or as possessor of goods, not as entrepreneur. Risk-taking is in no case an element of the entrepreneurial function. Even though he may risk his reputation, the direct economic responsibility of failure never falls on him.“ (TED: 137) Sobel I 9 …“the entrepreneur may, but need not, be the “inventor” of the good or process he introduces” (BC1(2): 103). Schumpeter IV 11 Innovation/economicy/Sobel/Clemens: A growing, vibrant economy depends not only on entrepreneurs discovering, evaluating, and exploiting opportunities to create new goods and services, but also on the speed at which ideas are labeled as successes or failures by the profit-and-loss system. >Disruption/Schumpeter, >Innovation/Schumpeter. 1. Schumpeter, Joseph A. (1934). The Theory of Economic Development [TED]. Harvard University Press. 2. Schumpeter, Joseph A. (1939). Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process, Volume 1 [BC1]. McGraw-Hill Book Company._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconSchum I Joseph A. Schumpeter The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Cambridge/MA 1934 German Edition: Theorie der wirtschaftlichen Entwicklung Leipzig 1912 Sobel I Russell S. Sobel Jason Clemens The Essential Joseph Schumpeter Vancouver 2020 EconSchum I Joseph A. Schumpeter The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Cambridge/MA 1934 German Edition: Theorie der wirtschaftlichen Entwicklung Leipzig 1912 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
