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Oct 24, 2020 · Schumpeter now enhanced his theory that change in an economy is not only a function of innovation and entrepreneurial activities motivated by profit, but also because of market power. Schumpeter explained that the results of these changes form what are known as “business cycles.”
- christopher.ziemnowicz@uncp.edu
Aug 9, 2016 · Oftentimes, the benefits of entrepreneurship to society are linked to so-called ‘Schumpeterian entrepreneurs’ – referring to Schumpeter’s early theory on ‘creative destruction’ (Schumpeter Citation 1934). In his understanding, vibrant economies are characterized by a constant birth and death of firms.
- Joern H. Block, Christian O. Fisch, Mirjam van Praag
- 2017
Jun 11, 2009 · Schumpeter's principal contributions include his theory that the creative response of entrepreneurs and entrepreneurial innovation are the primary determinants of economic change.
- Mark W. Frank
- 1998
Dec 6, 2019 · This article sheds light on the Schumpeterian entrepreneurship in the historical and contemporary context, J.A. Schumpeter (1883-1950) propounded a theory of entrepreneurship which was at quite...
Jan 13, 2020 · Using as a starting point the “circular flow” of an economy in general equilibrium – the idea that all supplies and demands for consumer goods and the means of production are perfectly and continuously in coordinated balance in and through time – Schumpeter introduced the idea of “the entrepreneur.”
Aug 9, 2016 · We provide a summary that takes stock of the academic knowledge about innovative entrepreneurship and summarizes the evidence from 102 empirical studies published in the primary economics and...
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In Schumpeter's later works, entrepreneurship is a function, which, in principle, anybody can fulfill. Schumpeter also likened the entrepreneur to a middleman, who acts as buyer in the market of the means of production and as a supplier in the market of consumption goods (Schumpeter 1928).
