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Adventurous and charismatic spirits: Entrepreneurs of Veblen and Schumpeter

Author

Listed:
  • Aydin, Derya Guler
  • Araz, Bahar
  • Ozer-Imer, Itir

Abstract

The aim of this study is to analyze the evolving role of the entrepreneur in the economic and institutional structure based on the analyses of Veblen and Schumpeter. In both analyses, the historical evolution of the entrepreneur is crucial in understanding economic and institutional change. It can be claimed that clues for socio-economic transformation should be searched within institutions, entrepreneurs and habits and by this way, it is possible to demonstrate the mutual interactions between economic and social spheres.

Suggested Citation

  • Aydin, Derya Guler & Araz, Bahar & Ozer-Imer, Itir, 2018. "Adventurous and charismatic spirits: Entrepreneurs of Veblen and Schumpeter," Economics Letters, Elsevier, vol. 169(C), pages 24-26.
    • Handle: RePEc:eee:ecolet:v:169:y:2018:i:c:p:24-26
    DOI: 10.1016/j.econlet.2018.05.004
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    More about this item

    Keywords

    Captains of industry; Captains of finance; Entrepreneur in Schumpeter; Technological change; Institutional transformation;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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