Adventurous and charismatic spirits: Entrepreneurs of Veblen and Schumpeter

Aydin D. , Araz B., Ozer-Imer I.

ECONOMICS LETTERS, vol.169, pp.24-26, 2018 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 169
  • Publication Date: 2018
  • Doi Number: 10.1016/j.econlet.2018.05.004
  • Title of Journal : ECONOMICS LETTERS
  • Page Numbers: pp.24-26
  • Keywords: Captains of industry, Captains of finance, Entrepreneur in Schumpeter, Technological change, Institutional transformation


The aim of this study is to analyze the evolving role of the entrepreneur in the economic and institutional structure based on the analyses of Veblen and Schumpeter. In both analyses, the historical evolution of the entrepreneur is crucial in understanding economic and institutional change. It can be claimed that clues for socio-economic transformation should be searched within institutions, entrepreneurs and habits and by this way, it is possible to demonstrate the mutual interactions between economic and Social spheres. (C) 2018 Elsevier B.V. All rights reserved.