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Historical Perspectives on the Entrepreneur

Author

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  • Hébert, Robert F.
  • Link, Albert N.

Abstract

This survey establishes a chronological trace of the entrepreneur as treated in economic literature in order to give a more wholesome perspective to contemporary writings and teachings on entrepreneurship. The authors review the historical nature and role of the entrepreneur as revealed in economic literature from the 18th century to the present. This survey shows the ambiguous nature of a concept that, due to Schumpeter's dominant influence, has come to occupy a primary role in the theory of economic development. In addition, there are other conceptions of entrepreneurship presented besides Schumpeter's. This historical survey also illustrates the tension that often exists between "theory" and "practice." We shall learn that it has been difficult for economic theory to assimilate a core concept that plays a vital role in social and economic change. Finally, the authors expose the many different facets of entrepreneurship as they have been perceived by some of the great economists throughout the ages.

Suggested Citation

  • Hébert, Robert F. & Link, Albert N., 2007. "Historical Perspectives on the Entrepreneur," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(4), pages 261-408, February.
    • Handle: RePEc:now:fntent:0300000008
    DOI: 10.1561/0300000008
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    Citations

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    Cited by:

    1. Jeffery McMullen & Lawrence Plummer & Zoltan Acs, 2007. "What is an Entrepreneurial Opportunity?," Small Business Economics, Springer, vol. 28(4), pages 273-283, April.
    2. Albert N. Link & Christopher J. Ruhm, 2013. "Public knowledge, private knowledge: the intellectual capital of entrepreneurs," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 7, pages 113-126, Edward Elgar Publishing.
    3. Albert N. Link & John T. Scott, 2013. "Bending the Arc of Innovation: Public Support of R&D in Small, Entrepreneurial Firms," Science, Technology, and Innovation Policy, Palgrave Macmillan, number 978-1-137-37088-4, February.
    4. Douhan, Robin & Henrekson, Magnus, 2008. "Productive and Destructive Entrepreneurship in a Political Economy Framework," Working Paper Series 761, Research Institute of Industrial Economics.
    5. Johansson, Dan & Karlsson, Johan & Malm, Arvid, 2020. "Family business—A missing link in economics?," Journal of Family Business Strategy, Elsevier, vol. 11(1).
    6. Nelu Eugen POPESCU, 2013. "Entrepreneurship – Some General Knowledge," Expert Journal of Economics, Sprint Investify, vol. 1(1), pages 28-32, December.

    More about this item

    Keywords

    Entrepreneurship; Schumpeterian economics;

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