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Joseph A Schumpeter: Entrepreneurial profit. ....

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Entrepreneurial profit. . . is the expression of the value of what the entrepreneur contributes to production.

Source: The Theory of Economic Development, ch. 4, 1934.
-- Joseph A Schumpeter, (Feb 8 1883-1950), Moravian-US economist, sociologist; He was well known for his theories of capitalist development and business cycles.


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