ABSTRACT

Chapter 1 sketches the multitude of ideas from the early 18th century to the 1870s. It exposes the roots of entrepreneurship research as well as attempts a categorization of strands of thoughts. The beginning was set with Cantillon1 who had provided a basic scaffolding to be expanded by his successors: Quesnay incorporated the role of capital which was elaborated further by Turgot. Baudeau added innovation. Say rounded off the French School contributing not only to a distinct theory of the entrepreneur in economy but, moreover, delivered a platform for upcoming economists to shape a clear-cut, consistent and stringent theory of economics.