The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Entrepreneur

  • Mark Casson
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_426

Abstract

There are several theories of the entrepreneur, but very few mathematical models which formally analyse entrepreneurial behaviour within a closed economic system. Indeed, it is often argued that by its very nature entrepreneurial behaviour cannot be predicted using deterministic models. Entrepreneurship, it is claimed, is essentially a spontaneous and evolutionary phenomenon.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Mark Casson
    • 1
  1. 1.