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| Topic: |
Technology
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| Number of pages / Number of words: |
5 / 1275 |
Essay's paper body
The person who bears uncertainty (Knight 1921);
2. An innovator (Schumpeter 1934);
3. A decision maker (Casson 2003);
4. An industrial leader (Schumpeter 1934);
5. An organizer and coordinator of economic resources (Marshall 1890);
6. An arbitrageur, alert to opportunities (Kirzner 1973; 1997);
7...
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An allocator of resources among alternative uses (Schultz 1975).
These roles all implicitly carry an economically positive connotation with them. However, if entrepreneurs are defined to be persons who are ingenious and creative in finding ways that add to their own wealth, power, and prestige (Baumol 1990), then it is to be expected that not all of their activities will deliver a productive contribution to society (cf...
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General points of the essay
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