Introduction. The level of interest in entrepreneurship among policy makers, researchers, academics and businessmen has significantly raised in the last decades. During its evolution, the concept of entrepreneurship has been embedded in many various schools of thought on entrepreneurship. As entrepreneurship is interdisciplinary, it puts together knowledge and combines concepts from different fields of study and schools of thought.
Aim of the study. The aims of the paper are to briefly define the concept of school of thought and to exemplify its use in the field of entrepreneurship. The paper is based on a quantitative research method. It shows that the existence of the schools of thought on entrepreneurship proved to be beneficial for the development of entrepreneurship.
Keywords: schools of thought on entrepreneurship, entrepreneurship, macro view, micro view
JEL Classification: L26