Israel M. Kirzner’s theory of entrepreneurial alertness follows closely with Mises’ praxeology and argues that the entire role of entrepreneurs lies in their alertness to profit opportunity hitherto unnoticed in the market. In Kirzner’s subjectivist theory of knowledge, alertness to...

This is the first systematic study of the nature, operation and contribution of entrepreneurship to the growth of Hong Kong. From a new entrepreneurial perspective of economic development, the author argues that the success of Hong Kong is attributable principally to adaptive entrepreneurship:...

The author carries out an interesting and uncommon analysis of economic transition and change in terms of human consciousness, perception, knowledge, learning, interpretation and response. He highlights the role of institutions in transition and argues that the real driving force, which is...