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ENTREPRENEUR

Austrian Economics and Entrepreneurial Studies

ISBN: 978-0-76231-041-8, eISBN: 978-1-84950-226-9

Publication date: 19 August 2003

Abstract

The collective2 economic process is always a coherent phenomenon whose lines can be comprehended by the interlocking of its distinguishable elements. Not always, however, does the social whole – be it a modern nation or a “culturally poor” horde – run directly according to a comprehensive, conscious plan, carried out, for the whole, by the whole: Where this is the case – in a completely pure form, it would be in a socialist community – distinguishable tasks, facilities, etc. exist, even if the expression of economic life has not achieved any particular form.3 If, on the contrary, the social whole is leaving the responsibility for economic activity to subgroups or individuals, then the collective production process is separated into units that, seen from the outside, appear independent, autonomous, in principle left to themselves, and forthwith only oriented towards their own concern for survival – enterprises.

Citation

Schumpeter, J.A., Becker, M.C. and Knudsen, T. (2003), "ENTREPRENEUR", Koppl, R., Birner, J. and Kurrild-Klitgaard, P. (Ed.) Austrian Economics and Entrepreneurial Studies (Advances in Austrian Economics, Vol. 6), Emerald Group Publishing Limited, Leeds, pp. 235-265. https://doi.org/10.1016/S1529-2134(03)06013-7

Publisher

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Emerald Group Publishing Limited

Copyright © 2003, Emerald Group Publishing Limited