Alertness, Judgment, and the Antecedents of Entrepreneurship

OPEN ARCHIVE

Union Jack
Dannebrog

Alertness, Judgment, and the Antecedents of Entrepreneurship

Show full item record

Title: Alertness, Judgment, and the Antecedents of Entrepreneurship
Author: Foss, Nicolai J.; Klein, Peter G.
Abstract: 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
Date: 2010-04-08

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

Files Size Format View
CBS_Forskningsindberetning_SMG_247.pdf 243.9Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record