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The idea of entrepreneurial discovery of profitable opportunities neglected by others as the driving force of the market process is the key contribution of Kirzner to economics. However, to enrich our understanding of the process of entrepreneurial discovery and to derive testable implications...
Persistent link: https://www.econbiz.de/10014612422
This paper applies Israel Kirzner’s theory of entrepreneurship and the Austrian theory of capital to the theory of the …
Persistent link: https://www.econbiz.de/10014612424
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 … entrepreneurs are lawyers, activists, and other participants in the legal process who are alert to opportunities to alter legal … rules, thereby benefiting themselves or their clients. Legal entrepreneurship creates a dynamic that can generate virtually …
Persistent link: https://www.econbiz.de/10014612437
” (contingency) beliefs. The emergence of money and a system of money prices enhances entrepreneurs’ perceived self-efficacy by … improving their capacity to acquire the relevant knowledge needed to plan rationally. It can also strengthen entrepreneurs … sens d’initiative personnelle des entrepreneurs et à partir de là leur degré de vigilance. Les anticipations de “l …
Persistent link: https://www.econbiz.de/10014612439