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The paper argues that Israel Kirzner’s theory of entrepreneurship has been influential on a number of related “dynamic …
Persistent link: https://www.econbiz.de/10014612426
The “atemporal” character of Kirzner’s notion of alertness and discovery, and his insistence that entrepreneurship is … elements of his theory of entrepreneurship that offer important insights for the analysis of the relation between shareholders …
Persistent link: https://www.econbiz.de/10014612427
1 (Kirznerian) entrepreneurship refers to catallactic activity in which coordinating mechanisms, operating via the … exchange of property rights, generates market prices. We identify Type 2 entrepreneurship with noncatallactic processes …
Persistent link: https://www.econbiz.de/10014612428
Israel Kirzner has spent a career in articulating and refining concept of entrepreneurship; His work is indispensable …
Persistent link: https://www.econbiz.de/10014612433
To improve on the argument presented by classical economists, many authors have tried to rely as much as possible on a value-free approach. In this paper, reasons to reject the propositions made by neoclassical economists are briefly recalled. We then turn toward Kirzner’s proposition which is...
Persistent link: https://www.econbiz.de/10014612434
From the standpoint of modern economics, the “marvel” of the price system is the way in which contextual knowledge is discovered and utilized without requiring individuals to articulate and transmit any great part of it to a central planner. While extremely valuable, this insight has tended to...
Persistent link: https://www.econbiz.de/10014612435
The notion of entrepreneurship developed by Israel Kirzner has applications far beyond the market process. Legal … rules, thereby benefiting themselves or their clients. Legal entrepreneurship creates a dynamic that can generate virtually … continuous change in the structure of legal rights and duties. On the one hand, the notion of legal entrepreneurship is a …
Persistent link: https://www.econbiz.de/10014612437
This paper argues that the phenomenon of money reinforces the cognitive factors that switch on entrepreneurial alertness. More specifically, the introduction of money strengthens entrepreneu- rs’ sense of personal agency and hence the degree of their alertness. “Personal agency” expectations...
Persistent link: https://www.econbiz.de/10014612439
While markets are all around us, not all markets are the same. Markets come in a variety of colors based on the legality of activities in the specific market. As such, there is no market economy per se, but instead various shades of markets. The different shades of markets that are evidenced in...
Persistent link: https://www.econbiz.de/10014612503
. Wang, 2013. Coase on entrepreneurship. Small Business Economics, 40(2), 173–184), I kept personal journal notes reflecting …
Persistent link: https://www.econbiz.de/10014615674