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The earliest entrepreneurs, dating back to the 16th century, were explorers engaged by the French military. Over time, paid builders of military bridges, harbors and fortifications, were also considered entrepreneurs (Cunningham). Therefore, the initial entrepreneurs were those employed to perform risky or dangerous jobs.
Consequently, French economists furthered the terminology to include people who bore risk and uncertainty in order to make innovations (Vogel). Hence, at present, it is an irony of economics that most economists cannot agree to a definition of entrepreneurship. This is because entrepreneurship cannot fit neatly into the static equilibrium framework or a "neat" theory in economic modeling...
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