Podcast
Questions and Answers
Who is responsible for the first academic usage of the word entrepreneur?
Who is responsible for the first academic usage of the word entrepreneur?
- Daniel Defoe
- Anne-Robert Jacques Turgot
- Francois Quesnay
- Richard Cantillon (correct)
In what century did the word entrepreneur originate?
In what century did the word entrepreneur originate?
- 13th century (correct)
- 16th century
- 14th century
- 15th century
Which novel introduced the concept of the 'creative entrepreneur'?
Which novel introduced the concept of the 'creative entrepreneur'?
- Moby-Dick
- Robinson Crusoe (correct)
- Pride and Prejudice
- 1984
According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?
According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?
Which of the following economists is NOT mentioned as having early references to the term entrepreneur?
Which of the following economists is NOT mentioned as having early references to the term entrepreneur?
Who was the first economist to use the word entrepreneur academically?
Who was the first economist to use the word entrepreneur academically?
Which language does the word 'entrepreneur' originate from?
Which language does the word 'entrepreneur' originate from?
Which novel introduced the concept of the 'creative entrepreneur'?
Which novel introduced the concept of the 'creative entrepreneur'?
According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?
According to Richard Cantillon, what is the distinguishing feature of an entrepreneur?
Who used the term 'projecto' to refer to the 'creative entrepreneur'?
Who used the term 'projecto' to refer to the 'creative entrepreneur'?
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Study Notes
Origin and Usage of the Term "Entrepreneur"
- The word "entrepreneur" originated from the French language.
- The first academic usage of the word "entrepreneur" is attributed to Richard Cantillon, an early economist.
- Early references to "entrepreneur" are found in works by economists like Jean-Baptiste Say, Adam Smith, and Karl Marx, but some economists do not mention it in their discussions.
Historical Context
- The term "entrepreneur" gained traction in the 18th century.
- The concept of the 'creative entrepreneur' was introduced in the novel "The Artist" by the French writer and art critic, Émile Zola.
- Richard Cantillon identified risk-bearing as the distinguishing feature of an entrepreneur; they take on uncertainties in business.
Influential Concepts
- Richard Cantillon highlighted the importance of entrepreneurs in providing goods and services while managing risk.
- The term 'projecto,' referring to the 'creative entrepreneur,' was utilized by theorist Joseph Schumpeter, emphasizing innovation and creativity in entrepreneurship.
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