The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.


Capitalism, Socialism and Democracy (ed. Routledge, 2013) - ISBN: 9781134841516

Joseph Schumpeter Quotes

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried...

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried...

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried...

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried...