Review of Austrian Economics, 11: 47–76 (1999) ° c 1999 Kluwer Academic Publishers DANIEL B. KLEIN ainstream economists—Neoclassicals, in the narrow sense—have from time to time remarked on Israel Kirzner’s theory of entrepreneurship. They have maintained that Kirzner says things that do not ﬁt into normal economic theory, that conﬂict with normal theory, that are too speculative to entertain, and that contradict other things he says. Their criticisms tell us why Kirzner is rebuffed by the narrow mainstream. The Austrian-Neoclassical dialogue as a whole tells us why there is no place for Kirznerian entrepreneurship in Neoclassical economics : anything that cannot be compressed into and sealed entirely within a pure logic of choice, that is, within an optimization framework of ends and means, is deemed to be nonscience and hence nonsense. In this paper I attempt to reconcile the Neoclassical and Austrian views by borrowing ideas about the mind from Marvin Minsky. Minsky’s ideas lead to a mind theory richer than those of the Neoclassicals and Austrians. The richer theory accommodates valuable features of both the Neoclassical and the Austrian views. Kirzner and Neoclassicism Kirzner’s theory of entrepreneurship The simplest theory of the mind is a single-agent optimization problem,
The Review of Austrian Economics – Springer Journals
Published: Sep 30, 2004
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera