Alertness, Judgment, and the Antecedents of Entrepreneurship

Nicolai Juul Foss, Peter G. Klein

    Publikation: Working paperForskning

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    Abstrakt

    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.
    OriginalsprogEngelsk
    UdgivelsesstedFrederiksberg
    UdgiverCenter for Strategic Management and Globalization
    Antal sider20
    ISBN (Elektronisk)9788791815560
    StatusUdgivet - 2010
    NavnSMG Working Paper
    Nummer3/2010

    Emneord

    • Austrian economics
    • Entrepreneurship
    • Discovery
    • Judgment
    • Causal-realism

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