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Deirdre Mccloskey, Kirznerian Growth and The Role of Social Networks

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  • Vincent Geloso

Abstract

This article expands on the view of Deirdre McCloskey that the economic growth of the Western world since the end of the eighteenth century can be explained by the process of entrepreneurial change as expounded by Israel Kirzner. This article argues that while Kirzner's approach to economic development is indeed fruitful, it should be augmented through the study of social networks, which McCloskey has largely ignored. When social networks are seen in the light of the Kirznerian process of entrepreneurship, they represent an important institution that relays information about the proper identification and perception of opportunities.

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  • Vincent Geloso, 2015. "Deirdre Mccloskey, Kirznerian Growth and The Role of Social Networks," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 453-463, October.
    • Handle: RePEc:bla:ecaffa:v:35:y:2015:i:3:p:453-463
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    File URL: http://hdl.handle.net/10.1111/ecaf.12138
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    Cited by:

    1. Ivaylo Naydenov, 2021. "Commercial Entrepreneurship during the Bulgarian National Revival Period in the Light of the New Economic Sociology," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 59-69, November.
    2. Mikayla Novak, 2016. "Deirdre Mccloskey, Kirznerian Growth and the Role of Social Networks: Comment," Economic Affairs, Wiley Blackwell, vol. 36(2), pages 217-220, June.
    3. Ivaylo Naydenov, 2022. "Where and Why an Entrepreneurial Class Did Not Appear During the National Revival Period," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 7, pages 79-89, November.

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