THE HIERARCHICAL NATURE OF ENTREPRENEURSHIP
DOI:
https://doi.org/10.52195/pm.v23i2.1965Resumen
Despite its real-world importance, entrepreneurship is surpris- ingly absent from neoclassical economic models (Huerta de Soto, 2008, p.6). Thus, while the real world is in a constant state of dise- quilibrium, neoclassical models strive to represent equilibrium states in which entrepreneurship is merely mentioned as a factor of production that coordinates the other factors, and is expressed through the concepts of organization, innovation, and efficiency. This tradition inherits from classical literature, with the prominent role of Richard Cantillon in the first half of the 18th century as a pioneer in the use of the French concept of entreprendre in the eco- nomic context, as noted by Rothbard (1995).
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