...Schumpeter uses in defining the role of the entrepreneur. The function of the entrepreneur, we read, "is to reform or revolutionize the pattern of production...opening up a new source of supply of materials or J. AV. Markham, ''Market Structure, Business Conduct, and Innovation," American Economic Review 55...

...following description of the role of entrepreneurs, the image of the information broker is apparent: The function of entrepreneurs is to reform or revolutionize...possibility for producing a new commodity or producing on old one in a new way, opening a new source of supply of materials or a new outlet for products,...

...innovation and thus economic change: ... the function of entrepreneurs is to reform or revolutionalize the pattern of production by exploiting an invention...opening up a new source of supply of materials or a new oudet for products, by reorganizing an industry and so on (Schumpeter, 1966, p. 132). Entrepreneurs...

...invention of the wheel, steam engine, and computers. As Schumpeter describes this risktaking function: [To] reform or revolutionize the pattern of production...new commodity or producing an old one in a new way, but opening up a new source of supply of materials or a new outlet for products, by reorganizing an...

...responsibility. Again. Schumpeter has the answer, this time in Capttaltsm. Socialism. and Democracy: The function of entrepreneurs is to reform or revolutionize...new commodity or producing an old one in a new way. ... To undertake such new things is difficult and constitutes a distinct economic function, first,...

...result of an inherent "subjectivity of knowledge". Schumpeter (1950, p. 132) observed that, ". . . the function of entrepreneurs is to reform or revolutionize...new commodity or producing an old one in a new way ... To undertake such new things is difficult and constitutes a distinct economic function, first,...

...the result of new economic knowledge that is embodied in an individual. This led him to observe that, "The function of entrepreneurs is to reform or revolutionize...new commodity or producing an old one in a new way ... To undertake such new things is difficult and constitutes a distinct economic function, first because...

...to resist change, forcing entrepreneurs to start new firms in order to pursue innovative activity: The function of entrepreneurs is to reform or revolutionize...new commodity or producing an old one in a new way. ... To undertake such new things is difficult and constitutes a distinct economic function. first because...

...p. 36. See also Mises, 1966, p. 253 and Kirzner, 1979. 71 Schumpeter (1975/1942, p. 132) argues that "the function of entrepreneurs is to reform or revolutionize...source of supply of materials or a new outlet for production, by reorganizing an industry and so on. ... This function does not essentially consist in...

...famously explained how selt-mn.Testi:d parties and entrepreneurs are essential to the trec market: "The function of entrepreneurs is to reform or revolutionize the pattern of production hy exploiting an invention or. more generally, an untried technological possihility for producing a...