The place of Austrian economics in contemporary entrepreneurship research

The place of Austrian economics in contemporary entrepreneurship research We review the place of Austrian economics in contemporary entrepreneurship and management research, focusing on the contributions of Israel Kirzner. We show that Kirzner’s central concept of entrepreneurial discovery has been vastly influential in theoretical and applied work on entrepreneurship, even though Kirzner’s larger research program has not been well understood. We also describe and assess a number of methodological, ontological, and cognitive critiques of the opportunity-discovery approach and review the most important alternatives, including the judgment-based view associated with Knight (1921) and more recent contributors. We conclude that the entrepreneurship and management literatures provide a useful example of how Austrian economics—Kirznerian economics in particular—can play an important role in shaping mainstream discussions, debates, and research programs in the social sciences. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

The place of Austrian economics in contemporary entrepreneurship research

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Publisher
Springer US
Copyright
Copyright © 2014 by Springer Science+Business Media New York
Subject
Economics / Management Science; Public Finance & Economics; Political Science, general; Methodology and the History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-014-0256-x
Publisher site
See Article on Publisher Site

Abstract

We review the place of Austrian economics in contemporary entrepreneurship and management research, focusing on the contributions of Israel Kirzner. We show that Kirzner’s central concept of entrepreneurial discovery has been vastly influential in theoretical and applied work on entrepreneurship, even though Kirzner’s larger research program has not been well understood. We also describe and assess a number of methodological, ontological, and cognitive critiques of the opportunity-discovery approach and review the most important alternatives, including the judgment-based view associated with Knight (1921) and more recent contributors. We conclude that the entrepreneurship and management literatures provide a useful example of how Austrian economics—Kirznerian economics in particular—can play an important role in shaping mainstream discussions, debates, and research programs in the social sciences.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Feb 2, 2014

References

  • The Evolution of The Industrial Organisation of the Production of Knowledge
    Antonelli, C
  • A theory of Entrepreneurial Opportunity Identification and Development
    Ardichvili, A; Cardozo, R; Ray, S

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