the misunderstood topsoil of our economy: entrepreneurs
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The Misunderstood Topsoil of our Economy: Entrepreneurs. Kavita Singh Economics Capstone Dr. Northrop Spring 2012. What is an Entrepreneur?. risk-bearer under uncertainty supplier of financial capital innovator industrial leader superintendent - PowerPoint PPT PresentationTRANSCRIPT
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Kavita Singh
Economics Capstone
Dr. Northrop
Spring 2012
The Misunderstood Topsoil of our Economy:
Entrepreneurs
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What is an Entrepreneur?risk-bearer under uncertainty
supplier of financial capitalinnovator industrial leader
superintendentorganizer of economic resources
enterprise-ownercontractor
employer of different combinations of factors of production
manager decision-maker arbitrageur allocator of resources
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Frank H. Knight (1885-1972)
Risk and Uncertainty
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Joseph A. Schumpeter (1883-1950)
Entrepreneurs as central drivers of economic
development
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Ludwig von Mises (1881-1973)
Everyone is an
entrepreneur; inherent in
human action
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G.L.S. Shackle (1903-1992)
Importance of time in the
entrepreneurial decision-
making process
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Israel M. Kirzner (1930-present)
“Alertness” of the entrepreneur
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In Summary
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Survey of Graduate Textbooks
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Important Bits of Previous Graph
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In Defense of the Mainstream
“Why Economics Has Soul”
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Towards an Economics of Perspectives