ENTREP

introduced the concept of "Entrepreneur"

• Richard Cantillon

• Adolph Reidel

• Jean-Baptise Say

• Alfred Marshall

He picked up on Cantillon’s

notion of uncertainty and extended it to theorize that entrepreneurs take on uncertainty so others,

namely income earners, do not have to be subject to the same uncertainty.

• Richard Cantillon

• Adolph Reidel

• Frank Knight

• Jean-Baptiste Say

Founder of Chicago School of Economics

• Richard Cantillon

• Adolph Reidel

• Frank Knight

• Jean-Baptiste Say

One of the Founders of Neoclassical Economics

• Richard Cantillon

• Frank Knight

• Alfred Marshall

• Jean-Baptiste Say

Published An Inquiry into the

Nature and Causes of the Wealth of Nations in 1776.

• Frank Knight

• Adam Smith

• Carl Menger

• Peter Drucker

He ranked goods according to their casual connections to human satisfaction.

• Carl Menger

• Joseph Schumpeter

• Peter Drucker

He refuted the

idea of entrepreneurship as a manager of the firm, and espoused the concept

of the entrepreneur as an innovator who seeks opportunities and leads

“existing means of production into new channels.” The Entrepreneur is neither

a risk–bearer nor a manager nor capitalist”.

• Peter Drucker

• Carl Menger

• Joseph Schumpeter

He is a Business Expert who came up with

the behavioral concept of the entrepreneur, who searches for change,

responds to it, and exploits change as an opportunity.

• Peter Drucker

• Joseph Schumpeter

• Carl Menger

A formal agreement with a capitalist to sell his goods.

• The Earliest Period

• The middle ages

• The 17th Century

• The 18th Century

’’The entrepreneur in this age who was in charge of great architectural works

such as public buildings and cathedrals.”

• The 17th Century

• 19th & 20th Century

• The 18 Century

• The Middle Ages