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CHAPTER IV - Industrial Entrepreneurship and Management in Great Britain

from BRITAIN

Published online by Cambridge University Press:  28 March 2008

By
Peter L. Payne
Edited by
Peter Mathias  and
M. M. Postan
Peter L. Payne
Affiliation:
University of Aberdeen
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Summary

Introduction

Since the Second World War the effort to understand the process of economic growth has been a major preoccupation of the social scientist. During this quarter-century those economic historians investigating this complex phenomenon have tended to follow the lead of the late T. S. Ashton by according a critical significance to the entrepreneur; and with their growing disenchantment with the strategic roles of natural resources and capital in economic development, economists too are increasingly promoting entrepreneurship and the supply of managerial ability to a position of greater and greater importance. More and more attention is being given to the economic and social circumstances favourable to increasing the supply of entrepreneurs, and the investigation of these circumstances is becoming ever more sophisticated. Economic historians and sociologists have identified a number of beliefs, attitudes, value systems, climates of opinion, and propensities which they have found to exert a favorable influence on the generation of enterprise and of developmental initiative. They have also stressed the role of minorities and of deviant behavior in the formation of entrepreneurial groups. [And] joining in the search,… psychologists have recently undertaken to establish the dependence of development and of entrepreneurial activity on the presence of achievement motivation.

These interrelated explorations leave the student of the phenomenon of entrepreneurship both stimulated and not a little bewildered. The arguments advanced by both sociologists and psychologists are often fascinating, but the majority of them are as yet imprecise, chronologically ill-fitting, and empirically insubstantial.

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The Cambridge Economic History of Europe , pp. 180 - 230
Publisher: Cambridge University Press
Print publication year: 1978

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