Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship

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    Abstract

    The connection between entrepreneurship and economic organization is an under-researched topic in the economics of organization. This paper argues that key insights of the Austrian school of economics with respect to entrepreneurship and the nature and role of property rights and ownership may be useful ingredients in the economics of organization. Thus, we show that incorporating Austrian ideas allows to give new answers to such issues as who will be the principal and who will be the agent; how joint surplus in an productive relation will be split and who will own alienable assets.
    Original languageEnglish
    Place of PublicationKøbenhavn
    PublisherInstitut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København
    Number of pages25
    ISBN (Print)8778690609
    Publication statusPublished - 2000
    SeriesWorking Paper / Department of Industrial Economics and Strategy. Copenhagen Business School
    ISSN1398-7461

    Cite this

    Foss, K., & Foss, N. (2000). Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship. Institut for Industriøkonomi og Virksomhedsstrategi, Handelshøjskolen i København. Working Paper / Department of Industrial Economics and Strategy. Copenhagen Business School