Quarterly Journal of Austrian Economics
Author:
Greg Clydesdale
Online Publish Date:
Volume 10, No. 2 (Summer 2007) In his book The Theory of Economic Development, Schumpeter (1934) pointed out that entrepreneurs are prime movers of economic change. The entrepreneurs described by Schumpeter were innovators.They opened new markets, created new types of industrial organization, and introduced new goods, production methods, and