THE ENTREPRENEUR AT A CRUCIAL JUNCTURE IN SCHUMPETER’S WORK: SCHUMPETER’S 1928 HANDBOOK ENTRY ENTREPRENEUR

This essay introduces the first translation of Schumpeter’s article Entrepreneur, originally published in 1928. We describe the background of Entrepreneur and use new archival sources to situate the article in time. Entrepreneur marks a transition of Schumpeter’s conception of entrepreneurship that took place between 1911 and 1926. Entrepreneur also contains Schumpeter’s most profound vision on economic selection, a vision that Schumpeter never elaborated further. We consider the most important implications of the new material in Entrepreneur and the reasons for the apparent shift in Schumpeter’s thought.