The Review of Austrian Economics, 18:2, 219–221, 2005. 2005 Springer Science + Business Media, Inc. Manufactured in The Netherlands. Book Review DAVID A. HARPER (2003) Foundations of Entrepreneurship and Economic Development, New York: Routledge, 267 pp. The notion of entrepreneurship has been one of the central constructs of Austrian theory since its beginnings. Menger emphasized the information element and the act of will involved in entrepreneurship although he viewed it as a special labor service (1871:160). While there has been debate regarding Menger’s inﬂuence on Schumpeter’s notion of entrepreneurship, there is little doubt that Austrian elements are clearly present in his theoretical rendering (see Kirzner 1979: Ch. 4). The entrepreneurial function was also recognized as a critical element of the market process by later Austrians, including Mises (1949:251–256, 289– 301, 303–311) and Rothbard (1962:56, 463–501). Kirzner, building on Mises’ work in this area, dedicated most of his research program to developing a complete rendering of the entrepreneurial function. David Harper’s new book, Foundations of Entrepreneurship and Economic Development, continues this tradition of recognizing the entrepreneur as the prime mover of economic change. Harper seeks to extend the work of Kirzner and those who preceded him to the realm of
The Review of Austrian Economics – Springer Journals
Published: Jan 1, 2005
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