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entrepreneurial profit

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Journal Article
History of Political Economy (2016) 48 (4): 733–740.
Published: 01 December 2016
... to voluntary ones. Finally, we show that Mises considers cases beyond their strict monetary results and refers to entrepreneurial profits as being primarily psychic in nature. As a result, Mises is able to offer an explanation for why forced transactions create no net benefit, but voluntary ones cannot...
Journal Article
History of Political Economy (1983) 15 (1): 92–105.
Published: 01 March 1983
... become entrepre- neurs. The selective process finds those people and enables them to use their skills (S206). These entrepreneurs spread information through the price system. (S520). If no further changes in data occurred, an equilib- rium would result in which entrepreneurial profits would...
Journal Article
History of Political Economy (1979) 11 (2): 271–285.
Published: 01 June 1979
... to the entrepreneurial function. Early theories of entrepreneurship are presented in chapter 2 of Knight’s Risk, Uncertainty and Profit; and for an excellent study of the historical rise of eco- nomic enterprise, see Dobb 1925. 4. Menger 1950, p. 24; emphasis added. Martin...
Journal Article
History of Political Economy (2016) 48 (4): 741–745.
Published: 01 December 2016
... 2016 Ludwig von Mises Michel de Montaigne zero-sum game entrepreneurial profit References Mises Ludwig von . (1949) 1996 . Human Action: A Treatise on Economics . San Francisco : Fox & Wilkes . Kuscevic Montero Martín Casto del Río Rivera Marco Antonio...
Journal Article
History of Political Economy (1999) 31 (1): 1–28.
Published: 01 March 1999
... the entrepreneur receives a wage (for his or her own industry) as well as a pure profit, which implies that the entrepreneurial function is not merely a kind of industry; or he or she receives only a superwage for his or her outstanding abilities, which suggests that the entrepreneurial function consists...
Journal Article
History of Political Economy (2015) 47 (2): 335–341.
Published: 01 June 2015
... entrepreneurial profit and loss are favorable to some members of society and unfavorable to others. Hence, people concluded, the gain of one man is the damage of another; no man prof- its but by the loss of others. This dogma was already advanced by some ancient authors. Among modern writers...
Journal Article
History of Political Economy (1993) 25 (2): 382–388.
Published: 01 June 1993
... a reactionary. See Schumpeter: A Biography [151 How do the major sociological articles fit into his theoretical core? The tax state must be care- ful to tax entrepreneurial profit lightly lest it destroy capitalism; imperialism is an atavistic holdover from the rivalries of past days (an idea which he...
Journal Article
History of Political Economy (1996) 28 (1): 57–76.
Published: 01 March 1996
... Press. Casson , Mark. 1982 . The Entrepreneur . New Jersey: Barnes & Noble. Chamley , Christophe. 1983 . Entrepreneurial Abilities and Liabilities in a Model of Self-Selection. Bell Journal of Economics 14 : 70 -80. Coşgel , Metin M. 1992 . Rhetoric in the Economy...
Journal Article
History of Political Economy (1991) 23 (3): 419–429.
Published: 01 September 1991
... than real value, the difference was manufacturer’s profit (Steuart 1805, 244-245). 428 History of Political Economy 23:3 (1991) Quesnay recognized the existence of entrepreneurial profits both in agriculture and in manufacturing, he reconciled this with his view that agricultural rents...
Journal Article
History of Political Economy (1990) 22 (4): 697–720.
Published: 01 November 1990
..., opportunity, and profit: studies in the theory of entrepreneurship . Chicago: University of Chicago Press. Kirzner , Israel M. 1980 . The primacy of entrepreneurial discovery. In Prime mover of progress: the entrepreneur in capitalism and socialism , edited by A. Seldon, 3 -28. London: Institute...
Journal Article
History of Political Economy (1976) 8 (1): 83–94.
Published: 01 March 1976
... himself emphasizes (GT, pp. 77-78), the focus of the analysis is once again on entrepreneurial profits, which act as the motive force of the economy. And once again these profits are described by the difference between a demand price and a supply price-albeit “aggregate prices,” which...
Journal Article
History of Political Economy (1987) 19 (4): 525–550.
Published: 01 November 1987
... Gamier. In his 1796 manual, he already stressed the division of labor, capital accumulation, and entrepreneurial profit. Yet he persistently stated that “proprietors are responsible for the sole distribution of wealth” and that “in the last analysis, all revenue comes from land even in mercantile...
Journal Article
History of Political Economy (1989) 21 (3): 521–536.
Published: 01 September 1989
... the role of capitalist or laborer with which the entrepreneurial role comes packaged in the real world” (Percep- tion, opportunity, and profit, Chicago, 1979, p. 42). 3. Schumpeter, History, 555. 4. Ibid., 554. 5. ‘Towards the understanding of an unfortunate legacy’ Kyklos 19 (1960): 709-18...
Journal Article
History of Political Economy (1980) 12 (4): 489–498.
Published: 01 November 1980
... Knight, succeeded in infusing him with life and in assigning to him a specific area of activity to any extent commensurate with his acknowledged importance. In lighter vein, another commentator, Kilby (1971), notes: The search for the source of dynamic entrepreneurial performance has...
Journal Article
History of Political Economy (1985) 17 (2): 223–244.
Published: 01 June 1985
.... Hayek , Friedrich A. 1975a . Full employment at any price? London. Hayek , Friedrich A. 1975b . ‘Price expectations, monetary disturbances and malinvestments.’ In Hayek, Profits, interest and investment . Clifton, N.J. Originally published in Nationalökonomisk Tidsskrift 73, no. 3 (1935...
Journal Article
History of Political Economy (1979) 11 (2): 199–212.
Published: 01 June 1979
.... Moreover, Darwin had an explanation for the existence of intramarginal rents as parts of entrepreneurial profits, which may be unsatisfactory but is an improvement over Je- 30. Minard (1850). This paper was written in 1831-32. 31. Jevons (1970), p. 237. 32. Minard (1850), ch. 5...
Journal Article
History of Political Economy (1990) 22 (4): 677–696.
Published: 01 November 1990
.... 1949 . George Tarde and Joseph Schumpeter: a similar vision. Explorations in Entrepreneurial History 1 . Ziegler , C. A. 1985 . Innovation and the imitative entrepreneur. Journal of Economic Behavior and Organization 6 . History of Political...
Journal Article
History of Political Economy (1999) 31 (1): 29–52.
Published: 01 March 1999
..., and, to make matters worse, managers often assume a portion of the entrepreneurial function—which is by definition (for Knight) not Emmett / Modernist Impulses in Risk, Uncertainty, and Profit 45 subject to analysis. The Entrepreneur, therefore, must judge the capaci- ties and character of potential...
Journal Article
History of Political Economy (1993) 25 (suppl_1): 118–130.
Published: 01 January 1993
.... Entrepreneurial Demand Functions One episode in the history of neoclassical economics that Mirowski does not examine is the theory of “entrepreneurial” demand functions given by Hotelling (1932).8 This episode is worth a careful examination, since it helps clarify the relationship between symmetry...
Journal Article
History of Political Economy (1985) 17 (4): 619–635.
Published: 01 November 1985
...-fashioned neoclassical view of a flexible market economy and the post-Keynesian view of inevitable breakdowns in a rigid one.” But Harrod did not assume that production took place under fixed proportions. Instability in his model is due to entrepreneurial responses to differences between...