To be or not to be: The entrepreneur in neo-Schumpeterian growth theory

Arbeitspapier

Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neoSchumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter (1942). The literature leans heavily towards Schumpeter (1942); innovation returns are modeled as following an ex ante known probability distribution. By assuming that innovation outcomes are (probabilistically) deterministic, the entrepreneur becomes redundant. Abstracting from genuine uncertainty, implies that central issues regarding the economic function of the entrepreneur are overlooked such as the roles of proprietary resources, skills, and profits.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IFN Working Paper ; No. 1441

Classification and Topics

• Classification: Wirtschaft ; Economic Methodology: General ; Economic Development: General ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General
• Subject: creative destruction ; economic growth ; entrepreneur ; innovation ; judgment ; Knightian uncertainty

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Henrekson, Magnus ; Johansson, Dan ; Karlsson, Johan
• Event: Veröffentlichung
• (who): Research Institute of Industrial Economics (IFN)
• (where): Stockholm
• (when): 2022

Further information

• Handle: http://hdl.handle.net/10419/269194
• Last update: 10.03.2025, 11:42 AM CET