Entrepreneurs play a vital role in the economic development process. Often their potential and importance is not realized for various reasons. It could be due to the strict assumption of the Neo-Classical model that entrepreneurs have perfect information and act rationally. It could be that perfect information and rationality do not actually occur, and it is to difficult of a variable to account for in the search for economic answers pertaining to the entrepreneur.
Snow, Grant. "Entrepreneurial Theory Based on Schumpeter and Knight." (Winter 2020).