Abstract
This study approaches the use of the market within the framework of economic sciences in order to explain entrepreneurial activity. A variety of models and accounts taken from the history of economic analysis are presented. The few suggestions from those that proposed it, Jean-Baptiste Say, Alfred Marshall, and Frank Knight, will be examined. Firstly, it is shown that the entrepreneurial market comes from a preoccupation to determine their payment before explaining the amount of their activity in the production. Secondly, enormous difficulties are always found in determining the entrepreneurial demand and to propose solutions that would enable the continuity of the the concept in the literature. It is concluded that scarcity or rivalry are not guarantees to determine the demand to include competition when determining earnings are not enough to propose the market as a mechanism of social coordination. History of economic analysis shows repeated evidence of this failure.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: Investigaciones de Historia Económica - Economic History Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.