• Patrice Noailles-Siméon
Living reference work entry


Entrepreneur; Inventor

The term of innovator is scarcely specified in the economic works. Since some decades, this term has appeared in political statements or journalistic papers.

The nearest concept is entrepreneur and sometimes inventor or even growth leader. Since Cantillon, in the eighteenth century, the entrepreneur has been a man who manages its own business and takes risk. In his book “Theory of economic development” (1911), Schumpeter used this word for the “capitaines d’industrie” who innovate. He used only four times the term of innovator in his book named Business Cycles. In this way, he began confusion between the two concepts of entrepreneur and innovator. Today, it appears there are two distinct words for one single concept: the nearly academic word of entrepreneur conceptualized by Schumpeter and the commonly used term of innovator.

This short study will clarify the differences between entrepreneur and innovator and will specify the characteristics and the...

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Web Sites

  1. Research & Innovation Observatory:

Copyright information

© Springer Science+Business Media LLC 2017

Authors and Affiliations

  1. 1.European Forum fo Innovation Policies & Collectif Innovation (+ Evry University + RRI)ParisFrance

Section editors and affiliations

  • Evangelos (Vangelis) Grigoroudis
    • 1
  1. 1.Decision Support Systems Laboratory, School of Production Engineering and ManagementTechnical University of CreteChaniaGreece