Retrieved June 6, 2017.Blind Assumptions in Theory Development; Business research" (PDF).28 20th century edit In the 20th century, entrepreneurship was studied by Joseph Schumpeter in the 1930s and other Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich von Hayek.

A general theory of entrepreneurship: the individual-opportunity nexus.32 21st century edit In 2012, Ambassador-at-Large for Global Women's Issues Melanne Verveer greets participants in an African Women's Entrepreneurship Program at the State Department in Washington,.C.

New York: John Wiley.According to Schumpeter, an entrepreneur is willing and able to convert a new idea or invention into a successful innovation.Cambridge, MA: Ballinger Publishing Company: 3-22.