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- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 0025-1747
- DOI
- 10.1108/00251740410568962
- Publisher site
- See Article on Publisher Site
Abstract
This manuscript discusses the contributions of Peter F. Drucker and the seminal influences on his logic made by the Austrian School of Economics. According to our research, Drucker focused on four critical elements of the Austrian School: an interdisciplinary approach and philosophical sophistication; the vision of market competition as an endless dynamic process (creative destruction, entrepreneurship); the firm as a social entity and as a depository of knowledge; and the role of the government. The research also suggests that Peter Drucker's prolific legacy has significantly influenced modern management theory and practice through its grounding in Austrian School logic.
Journal
Management Decision – Emerald Publishing
Published: Dec 1, 2004
Keywords: Management gurus; Entrepreneurialism; Management theory; Marketing theory