Alertness, Judgment, and the Antecedents of Entrepreneurship

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Alertness, Judgment, and the Antecedents of Entrepreneurship

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Titel: Alertness, Judgment, and the Antecedents of Entrepreneurship
Forfatter: Foss, Nicolai J.; Klein, Peter G.
Resume: This paper offers a critical perspective on Israel Kirzner’s basic analytical framework. Specifically, we characterize Kirzner’s emphasis on processes of equilibration as a departure from the causal-realist price theory developed by Menger and his nineteenth- and twentieth-century followers. In this context, we contrast Kirzner’s interpretation of entrepreneurship as discovery with a more realistic, and operationally meaningful, idea of entrepreneurship as action. Finally, we discuss an inconsistency in Kirzner’s treatment of the antecedents of entrepreneurial behavior.
URI: http://hdl.handle.net/10398/8029
Dato: 2010-04-08

Creative Commons License This work is licensed under a Creative Commons License.

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