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The basic reference for the word 'entrepreneur' is Cantillon (c1730,
published 1755). He used the word (in French) to mean anyone whose
income is not fixed in advance but depends on the success of production
and on the prices realized. So a farmer is an entrepreneur, for
example, but someone who works for a contractual wage is not. The word
was in use in French at the time to mean a contractor, typically a
government contractor, but Cantillon transformed it into a technical
economic term. The English language equivalent at the time was
'undertaker'.
Tony Brewer
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