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About Weber, Schumpeter and Knight On Entrepreneurship and Economic Development
This document summarizes the theories of entrepreneurship and economic development put forth by Max Weber, Joseph Schumpeter, and Frank Knight in the early 20th century. It discusses how their theories influenced each other and responded to one another. Specifically, it notes that Weber emphasized the role of Calvinist values in fueling economic growth, while Schumpeter argued innovation was more important and criticized Weber's view. Knight built on their work by focusing on uncertainty and perceptiveness as drivers of profits and progress. The document analyzes how each theorist contributed to debates around entrepreneurship, economic organization, and the roles of individuals and large firms over time.
Detailed Information
| Author: | ['jamilkhann'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 23 |
| Language: | English |
| Format: | |
| Price: | FREE |
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