1. A Discussion of Richard Cantillon
... modern economics the entrepreneur is commonly identified as the individual in a firm who best organizes thoughts, resources, and activities of the business in general. In Cantillon's studies of competition and entrepreneurs he identified the entrepreneur as the source that bears the risk and competition as the process that creates such risk. Cantillon recognized that individuals interacting in a ... expenditures, income, employment, and prices, Cantillon originated the income approach to monetary theory. In Cantillon's own notation, he describes "three rents" comprising of the rent paid ...
- Word Count: 2445
- Approx Pages: 10
- Has Bibliography
- Grade Level: Graduate