• Corpus ID: 6406458

Title: Schumpeter’s ‘Conduct Model of the Dynamic Entrepreneur’: Nature, Scope and Distinctiveness

  title={Title: Schumpeter’s ‘Conduct Model of the Dynamic Entrepreneur’: Nature, Scope and Distinctiveness},
  author={Anthony M. Endres and Christine Woods and Markus C. Becker and Thorbj{\o}rn Knudsen},
Schumpeter formulated a „conduct model‟ of entrepreneurial behaviour. Received wisdom has emphasised the economic functions of Schumpeter‟s entrepreneur, neglecting behavioural aspects. Schumpeter‟s model is examined; it posits a continuum of behaviours which are „entrepreneurial‟, that rely on socially situated, tacit knowledge and are expressions of conscious, subjective rationality. Schumpeter‟s model excluded unconscious optimisation and decision rules derived from bounded rationality… 

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