Entrepreneur: An Economic Theory

Casson (economics, the University of Reading, UK), synthesizing the ideas of Joseph Schumpeter, Frank Knight, and Friedrich Hayek, asserts that the defining characteristic of the entrepreneur is the exercise of judgement in business decisions. He contends that this assessment has important implications for the growth of firms, social mobility, and enterprise culture. This revised new edition of the author's The Entrepreneur (published in 1982) is condensed by one-third. Annotation ©2003 Book News, Inc., Portland, OR