Includes bibliographical references (pages 244-264) and index.
Preface the second edition -- Introduction -- Theoretical Foundations -- The significance of the entrepreneur -- Basic concepts of the theory -- The entrepreneur as intermediator -- The competitive threat to the entrepreneur -- Partial coordination: the case of innovation -- The Market-Making Firm -- Making a market -- Internal and external markets -- The market for information -- Speculative intermediation and the role of inventory management -- Organizing the supply of market-making services -- Synthesis -- Growth and dynamics of the firm -- The market for entrepreneurs -- Social mobility and the entrepreneur -- Alternative theories of the entrepreneur -- Conclusions.
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This thoroughly revised edition of Mark Casson's "The Entrepreneur" presents a novel synthesis of the ideas of Joseph Schumpeter, Frank Knight and Friedrich Hayek, according to which the defining characteristic of the entrepreneur is the exercise of judgment in business decisions.