Artikel
Entrepreneurship: State of grace or human action?
Joseph A. Schumpeter developed a very well-known theory of entrepreneurs and entrepreneurship, centred on the concept of ‘new combinations’. According to him, innovation and entrepreneurship are destructive elements driving the system beyond an equilibrium position and setting in motion a competitive process, in order to reach a new equilibrium point. Though Austrian, Schumpeter was never a member of the Austrian School of Economics. However, his position as regards entrepreneurship is widely commented on by Austrian School members. In particular, Israel M. Kirzner devoted his research activity to develop an alternative concept of entrepreneurship rooted in Misesian human action and the concept of ‘alertness’. This paper aims to analyze and compare the two positions, in an attempt not so much to stress differences but to find possible common paths for further developments of the concept of entrepreneurship.
- Language
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Englisch
- Bibliographic citation
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Journal: European Journal of Economic and Social Systems ; ISSN: 1292-8895 ; Volume: 27 ; Year: 2015 ; Issue: 1-2 ; Pages: 11-36 ; Cachan: Hermes-Lavoisier
- Classification
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Wirtschaft
Entrepreneurship
Current Heterodox Approaches: Austrian
History of Economic Thought: Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
History of Economic Thought since 1925: Historical; Institutional; Evolutionary; Austrian; Stockholm School
Innovation and Invention: Processes and Incentives
Technological Change: Choices and Consequences; Diffusion Processes
- Subject
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Entrepreneurship
Schumpeter
Kirzner
- Event
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Geistige Schöpfung
- (who)
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Ferlito, Carmelo
- Event
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Veröffentlichung
- (who)
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Hermes-Lavoisier
ZBW – Leibniz Information Centre for Economics
- (where)
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Cachan
- (when)
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2015
- DOI
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doi:10.3166/ejess.27.11-36
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ferlito, Carmelo
- Hermes-Lavoisier
- ZBW – Leibniz Information Centre for Economics
Time of origin
- 2015
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