Article: A contemporary view of Joseph A. Schumpeter's theory of the entrepreneur.

In the late 1700s as the modern world started developing, a major transition took place in human activity. The workplace began to change from one of nature to one of artificial environments. Seasons were replaced with work shifts; the sun was replaced with artificial light; the outside ambient was replaced with factory-controlled weather; and work activity was changed from agrarian to shop assembly. Out of this major transition in human activity, a new sociologically distinct individual emerged and later became known as the entrepreneur. Although economic writers began recognizing the entrepreneur as early as 1725 with the writings of Richard Cantillon and continued ...

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