Advanced Search
MyIDEAS: Login to save this article or follow this journal

Money and Alertness

Contents:

Author Info

  • Harper David A.

    (New York University)

Registered author(s):

    Abstract

    This paper argues that the phenomenon of money reinforces the cognitive factors that switch on entrepreneurial alertness. More specifically, the introduction of money strengthens entrepreneu- rs’ sense of personal agency and hence the degree of their alertness. “Personal agency” expectations comprise “self-efficacy” (competence) beliefs and “locus of control” (contingency) beliefs. The emergence of money and a system of money prices enhances entrepreneurs’ perceived self-efficacy by improving their capacity to acquire the relevant knowledge needed to plan rationally. It can also strengthen entrepreneurs’ perceptions of the contingency of economic rewards upon entrepreneurial actions by removing problems arising from a lack of coincidence of wants and the indivisibility of commodities.Cet article suggère que le phénomène de la monnaie renforce les facteurs cognitifs qui déterminent la vigilance entrepreneuriale. Plus précisément l’introduction de la monnaie renforce le sens d’initiative personnelle des entrepreneurs et à partir de là leur degré de vigilance. Les anticipations de “l’initiative personnelle” comprennent les croyances en “l’efficacité personnelle” (la compétence) et les croyances en “la maîtrise du lieu” (la contingence). L’émergence de la monnaie et d’un système de prix monétaires promeut le sentiment d’efficacité des entrepreneurs en améliorant leur capacité à acquérir la connaissance pertinente requise pour élaborer les plans rationnels. Elle peut aussi renforcer les perceptions entrepreneuriales du caractère contingent des gains économiques récompensant des actions entrepreneuriales en écartant les problèmes liés à l’absence de la coïncidence des besoins et l’indivisibilité des marchandises.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.degruyter.com/view/j/jeeh.2002.12.2/jeeh.2002.12.2.1063/jeeh.2002.12.2.1063.xml?format=INT
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.

    Volume (Year): 12 (2002)
    Issue (Month): 2 (June)
    Pages: 1-17

    as in new window
    Handle: RePEc:bpj:jeehcn:v:12:y:2002:i:2:n:8

    Contact details of provider:
    Web page: http://www.degruyter.com

    Order Information:
    Web: http://www.degruyter.com/view/j/jeeh

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bpj:jeehcn:v:12:y:2002:i:2:n:8. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.