Here’s a question from the recent economics 450 test that you might want to consider part or all of:
Discuss what people mean by entrepreneurship and explain how it fits into the theory of the firm. Things you might discuss:
- What is an entrepreneur? How is it different than being a manager?
- Do entrepreneurs usually work for themselves? What does that mean?
- Is asset ownership necessary? Is that part of working for themselves?
Part of the inspiration from that question comes from an interesting piece by Foss and Klein from a few years back.
Not coincidentally, the economics department generally is pondering these very questions as we try to figure out our curriculum offerings.