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  2. Mar 18, 2020 · Richard Cantillons theory (1755) Richard Cantillon provided one of the earliest contributions regarding the economic strand of thought about entrepreneurship. Richard described an entrepreneur as a speculator who conducts all exchanges, and bears risks as a result of buying at certain prices and further selling them at uncertain prices.

  3. Nov 4, 2009 · Mark Christopher Casson. University of Reading Business School - Department of Economics. Date Written: 1982. Abstract. Casson contends that, because of several assumptions made by classical economic theory, there is no established economic theory of the entrepreneur.

    • Mark Christopher Casson
    • 1982
  4. Three economists founded the theory of the entrepreneur: Richard Cantillon, Jean-Baptiste Say, and Joseph A. Schumpeter. They brought to bear three basic elements: uncertainty, risk, and innovation. Paradoxically, profit does not take a lot of place in the economic theory of the entrepreneur.

    • boutilli@univ-littoral.fr
  5. Mark C. Casson. Published 1982. Economics. Casson contends that, because of several assumptions made by classical economic theory, there is no established economic theory of the entrepreneur. A theory of the entrepreneur is needed to explain firm success or failure, firm creation and growth, economic growth and development, and income distribution.

  6. Jan 1, 2013 · Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy. Cantillon described...

  7. A recognizably ‘modern’ idea of the entrepreneur begins to emerge in the eighteenth century and part of this article is devoted to the role of entrepreneurship in classical and neoclassical economic theory.

  8. Sep 19, 2018 · This article discusses economic theories of entrepreneurship, drawing principally on work conducted in labour economics, microeconomics, macroeconomics, and financial economics.