Economic theory

The genesis of the entrepreneurship theory at the classical and non-classical stages of science development

Economic Annals-XXI

Economic Annals-ХХI: Volume 164, Issue 3-4, Pages: 14-19

Citation information:
Smirnov, V. (2017). The genesis of the entrepreneurship theory at the classical and non-classical stages of science development. Economic Annals-XXI, 164(3-4), 14-19. doi: https://doi.org/10.21003/ea.V164-03

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Vladimir Smirnov
PhD (Economics),
Associate Professor,
Far Eastern Federal University
8 Sukhanov Str., Vladivostok, 690091, Russian Federation
smirnov.vp@dvfu.ru
ORCID ID: http://orcid.org/0000-0003-2822-8886

The genesis of the entrepreneurship theory at the classical and non-classical stages of science development

Abstract. The study of entrepreneurship remains a difficult scientific problem. The use of historical approach is one way of resolving this issue. Developing entrepreneurship is one of the subjects to be studied by the emerging science, where classical, non-classical and postnonclassical stages of the development are distinguished. The concept of entrepreneurship is complemented by and expanded at each of these stages. Nevertheless, researchers only approach the definition of entrepreneurship. Consensus on this issue is missing. Different researchers indicate different characteristics of entrepreneurship. Identification of the main characteristics of entrepreneurship and the approach to understanding its essence through the use of historical approach is the purpose of the present article. The author suggests that the concept of entrepreneurship is broadened and fundamental principles of entrepreneurship are complemented at different stages of the development of a market economy. Researchers detect various changes in the entrepreneurship and describe them in the historical framework of classical and non-classical stages of the genesis of science. Entrepreneurship is getting entrepreneurial income by active economic entities in the course of their risky activities, search for and use of possibilities, establishment of new production, implementation of innovations and participation in the so called «creative destruction». The creation of new capital (commercial, industrial or agricultural), the use of special personal qualities of entrepreneurs and their specific behaviour is the fundamental basis of entrepreneurship. The diversity of manifestations of entrepreneurship and the extend of its fundamental pillars will enable to successfully predict and adjust his development, including in the countries with a transitive economy.

Keywords: Entrepreneurship; Development Stages of Science; Main Features of Entrepreneurship; Creation of New Capital

JEL Classification: B12; B13; M21

DOI: https://doi.org/10.21003/ea.V164-03

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Received 26.04.2017

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