Economic Theory and Entrepreneurial History

Abstract

This chapter presents a brief survey of the history, within economic literature, of the notions that economists have formed at various times on the subject of entrepreneurship and economic progress. It then deals with some aspects of enterprise as it actually evolved through the ages. The chapter also briefly comments on the possibilities of what might be termed 'general economic history' as viewed from the standpoint of the phenomenon of economic enterprise. In the enterprise economy the entrepreneur will inevitably exert some influence on things in general; hence the study of his interests, positions, and so on necessarily constitutes one of the possible approaches to an understanding of economic history or even of history in general. Students interested in the history of economic thought and in the writings upon economic development will draw two important, though variant conclusions from their inquiries as far as entrepreneurship and entrepreneurial history are concerned.

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