Entrepreneurship researcher's growing interest in Austrian economics has not been matched by systematic efforts to tease out and incorporate this tradition's basic ideas. To remedy this situation, this paper introduces the Austrian market-process tradition and also compares it to the...

<title>Abstract</title> This paper develops a model of entrepreneurial learning in order to explain how VCs support the process of entrepreneurial learning and thereby add value to their ventures. We draw on two generic approaches to learning, termed the hypothesis-testing mode and the hermeneutic mode, which...