Talk:Schumpeterian rent: Difference between revisions
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"This term was coined by the economist Joseph Schumpeter." - I think this is wrong. The term was coined subsequently with reference to Schumpeter. Schumpeter in fact called the return from successful innovation *profits* not rents. He did refer to "quasi-rents" which would accrue to firms with temporary monopoly power, but this is a slightly different concept to the profit of the entrepreneur. |
"This term was coined by the economist Joseph Schumpeter." - I think this is wrong. The term was coined subsequently with reference to Schumpeter. Schumpeter in fact called the return from successful innovation *profits* not rents. He did refer to "quasi-rents" which would accrue to firms with temporary monopoly power, but this is a slightly different concept to the profit of the entrepreneur. |
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== [[First-mover advantage]] == |
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i'm quite surprised that there is no mention of the concept of first-mover advantage, as it seems to me that they are almost synonyms. Or am I missing something? -- [[User:Opensofias|sofia]] ([[User talk:Opensofias|talk]]) 22:32, 18 July 2024 (UTC) |
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Revision as of 22:32, 18 July 2024
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"This term was coined by the economist Joseph Schumpeter." - I think this is wrong. The term was coined subsequently with reference to Schumpeter. Schumpeter in fact called the return from successful innovation *profits* not rents. He did refer to "quasi-rents" which would accrue to firms with temporary monopoly power, but this is a slightly different concept to the profit of the entrepreneur.
i'm quite surprised that there is no mention of the concept of first-mover advantage, as it seems to me that they are almost synonyms. Or am I missing something? -- sofia (talk) 22:32, 18 July 2024 (UTC)