TY - JOUR AB - Purpose– To interpret and explain evolution in entrepreneurial thought, using the application of history to unify the extant and wide‐ranging concepts underlying the field to detect a conceptual foundation.Design/methodology/approach– A conceptual approach is taken, the paper undertaking a delineation of how past theory has brought about the field's current state and an identification of some conceptual areas for future advancement.Findings– The importance and impact of the entrepreneurship field is increasing in academic and practical settings. A historical view on the conceptual development of entrepreneurial thought provides a lens for scholars as well as practitioners to interpret and explain their own entrepreneurial activity or research and formulate new questions.Originality/value– The paper aids scholars and researchers to interpret and explain entrepreneurial activity. VL - 12 IS - 1 SN - 1751-1348 DO - 10.1108/13552520610638256 UR - https://doi.org/10.1108/13552520610638256 AU - Murphy Patrick J. AU - Liao Jianwen AU - Welsch Harold P. PY - 2006 Y1 - 2006/01/01 TI - A conceptual history of entrepreneurial thought T2 - Journal of Management History PB - Emerald Group Publishing Limited SP - 12 EP - 35 Y2 - 2024/09/19 ER -