----------------- HES POSTING ----------------- I agree concerning the different editions (1911/1934) of Schumpeter's "Theory of Economic Development". The role of the entrepreneur is a central issue in both editions since the entrepreneur serves as the promoter of innovation in economy by inventing "new combinations". However, in contrast to other economists Schumpeter dealt not only with the economic function of entrepreneurs activity but referred also to the sociological and psychological profile of the entrepreneur asking for the real motives of the activity of entrepreneurs. Here are references for more details: Martinelli, Albert: Die ökonomische und soziologische Analyse im theoretischen System Schumpeters, in: Journal für Sozialforschung, 1985, No. 1, pp. 3-25. Bögenhold, Dieter: Wirtschaftliches Handeln als Sport ? Zur Rationalität des Unternehmerbildes bei Joseph A. Schumpeter, in: Klaus Walterscheid (ed.): Entrepreneurship in Forschung und Lehre. Festschrift für Klaus Anderseck, Frankfurt: Peter Lang Publishers 2003, pp. 3-18. Dieter Bögenhold ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]