Butos, William N.; Boettke, Peter J. - In: Journal des �conomistes et des �tudes Humaines 12 (2002) 1
The paper distinguishes two types of entrepreneurial activity in terms of their institutionally relevant contexts. Type 1 (Kirznerian) entrepreneurship refers to catallactic activity in which coordinating mechanisms, operating via the exchange of property rights, generates market prices. We...
