Definition Of Entrepreneur By Jb Say

Entrepreneur is a french word probably coined by the economist jean baptiste say from the word entreprendre which is usually translated as undertaker or adventurer say studied smith s book.

Definition of entrepreneur by jb say. A french classical liberal economist and scholar. Jean baptiste say is known for his contribution to say s law of markets and for his work on a treatise on political economy. Les infortunes de la position de say ne s arrêtent pourtant pas là. There are however some important exceptions to this.

Say 1824 defines an s entrepreneur as an economic agent who assembles factors of production see the s price of produce in such a way that ensures the cost and profit re accumulates capital and possesses administrative and productive knowledge the definition emphasizes the economic activities of an entrepreneur. The entrepreneur shifts economic resources out of an area of lower and into an area of higher. It is a commonplace in the history of economic thought to say that pre schumpeter economists said little about entrepreneurs and instead preferred to deal with highly abstract concepts such as comparative advantage. For say the entrepreneur the linchpin of the economy takes on himself the responsibility the conduct and the risk of running his firm.

He is best known for say s law also known as the law of markets which he popularized. Say was himself an entrepreneur. It thus discusses the life of one of the most influential economists who has ever lived and whose work still has much to offer to both economists and historians of thought. Dans son insistance sur le rôle de l entrepreneur.

Revolutionary entrepreneur economist is surprisingly the first biography of say ever written. Moreover he wrote about entrepreneurs. Pour une fois say se trouve dans la position de n avoir pas été suivi et peut être même pas compris. He almost always owns some of the firm s capital say being familiar with the fact that the dominant entrepreneur and risk taker in the economy is the one who is also a capitalist an owner of capital.

Evert schoorl s jean baptiste say. The words entrepreneur and entrepreneurship have become really popular but also very few people know the exact definition and meaning of them. Often an entrepreneur is used instead of a businessman or a man woman who starts a company and takes risks. Even when you thought you knew who he was.

Lorsqu il est question de sa théorie de l entrepreneur on la réduit le plus souvent à une. Jean baptiste say a french economist who first coined the word entrepreneur in about 1800 said.