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

Entrepreneurial Alertness and Spontaneous Learning in the Market Process: the Case of Mama Moon in China

Contents:

Author Info

  • Tony Fu-Lai Yu

    (Hong Kong Shue Yan University, Department of Economics and Finance)

Registered author(s):

    Abstract

    Israel M. Kirzner’s theory of entrepreneurial alertness follows closely with Mises’ praxeology and argues that the entire role of entrepreneurs lies in their alertness to profit opportunity hitherto unnoticed in the market. In Kirzner’s subjectivist theory of knowledge, alertness to opportunity is subconscious learning. Once subconscious hunch is known, it becomes a resource (knowledge) for the entrepreneur to be utilized to exploit profit. Moreover, in Kirzner’s view, entrepreneurship means profit arbitrage and it is the continual profit exploitation in the market process that drives an economy towards a higher level of capitalist achievement. Kirzner’s theory of entrepreneurship will be illustrated by the case of Mama Moon, a female entrepreneur in tourism, catering and hotel industries in Guilin, China.

    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.ien.bg.ac.rs/index.php/en/3-42011
    Download Restriction: no

    Bibliographic Info

    Article provided by Institute of Economic Sciences in its journal Journal of Women's Entrepreneurship and Education.

    Volume (Year): (2011)
    Issue (Month): 3-4 ()
    Pages: 29-44

    as in new window
    Handle: RePEc:ibg:jwejou:y:2011:i:3-4:p:29-44

    Contact details of provider:
    Postal: 12 Zmaj Jovina St, 11000 Belgrade, Serbia
    Phone: +381 11 2622 357, 2623 055
    Fax: +381 11 2181 471
    Email:
    Web page: http://www.ien.bg.ac.rs
    More information through EDIRC

    Related research

    Keywords: I.M. Kirzner; alertness to opportunity; female entrepreneur; spontaneous discovery; knowledge; Mama Moon; Guilin (China);

    Find related papers by JEL classification:

    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:ibg:jwejou:y:2011:i:3-4:p:29-44. 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: (Zorica Bozic).

    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.