Torque Curves and other Magnetic Properties of Alcomax

The French Tradition: An Alternative Theoretical Framework

“…Quesnay's entrepreneur plays an important role as a supplier of capital, re-investing his profits and transforming small-scale production to large-scale (Karayiannis, 1990). Alongside these opinions, we find those who think that Quesnay's theory of the entrepreneur pales alongside Cantillon's contribution (Hoselitz, 1951), since Quesnay eliminates uncertainty from the entrepreneurial function and does not discuss entrepreneurial activity anywhere in his work (Hebert & Link, 1982).…”

“…"… il n'existe point ou presque point des cultivateurs en chef; de cette race précieuse de vrais laboureurs, de vrais fermiers, qui sachent, qui puissent et qui veuillent entreprendre et conduire, à leurs frais, risque, périls et fortunes, des grandes exploitations productives" (Baudeau, 1771, p. 697). This distinction between cultivateur en chef and entrepreneur agricole has made it possible to view the entrepreneur as an agent who assumes the risk of uncertain prices against known costs (Hoselitz, 1951;Fontaine & Marco, 1993). We are now looking at two different actions, one of which is to lead the enterprise in search of enhanced productivity through organisation, while the other action is to undertake the enterprise.…”

“…On the one hand, Schumpeter (1954) thinks that there is not enough emphasis for being considered a factor of production and, on the other hand, Koolman (1971) suggests that an independent economic function does not mean a factor of production. Hoselitz (1951) proposes the existence of several theories of entrepreneurship in J.-B. Say -a theoretical one and a descriptive one-which sometimes mix up entrepreneurs with capitalists.…”