a1 University of Pittsburgh
The problem of entrepreneurship has been one of the central interests of economic theorists since the industrial revolution. Discussions of the entrepreneur in such theory tended to a large extent to focus upon the basis of entrepreneurship. This argument is typified by Schumpeter's criticism of Marx's handling of the problem of primitive accumulation; Schumpeter argues against the rejection by Marx of superior intelligence and energy as explanatory factors in entrepreneurial success.
1 I wish to acknowledge with thanks the constructive comments of Manning Nash, G. P. Murdock and Sylvia Thrupp. My special thanks are due to Julian Pitt-Rivers who first introduced me to the literature on the Basques.