The Entrepreneur : An Economic Theory

ISBN
9781858989105
Author Casson, Mark
Format Trade Cloth
Details
  • Active Record
  • Individual Title
  • Books
  • Revised
  • 2003
  • 288
  • Yes
  • Print
  • 1
  • HB615.C37 2003
This thoroughly revised and updated edition of Mark Casson's The Entrepreneur presents a novel synthesis of the ideas of Joseph Schumpeter, Frank Knight and Friedrich Hayek, according to which the defining characteristic of the entrepreneur is the exercise of judgement in business decisions. The volume argues that good judgement is based on a unique combination of information, and that this information is typically exploited by founding a market-making firm, which links customers and suppliers who could not otherwise make contact with each other. This assessment of entrepreneurship, Mark Casson contends, has important implications for the growth of firms, social mobility and enterprise culture.