Entrepreneurship And Invention: Toward Their Microeconomic Value Theory

The author previously joined other voices in noting the virtual expulsion of the entrepreneur from the contemporary mainstream literature of economics. In addition, he also has joined the call for the restoration of the entrepreneurs’ place in the theory, given the fact that no one seems to deny their importance for the workings of the free-market economy in general and for its growth and innovation in particular. Here, the author begins by offering his own explanations for the entrepreneur’s exclusion.