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What is Understanding Entrepreneurship Dynamics about?

The document discusses the evolution of the concept of entrepreneurship in economic theory from early economists like Cantillon, Say, Smith, and Menger to later economists like Schumpeter. It describes how Cantillon first gave entrepreneurship a central role in economics by describing entrepreneurs as risk-taking decision makers. Later economists like Say and Smith expanded on this, combining risk-taking with management skills. Menger

Author

Harry Atta-motte

Language

EN