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Keynes‘ Überlegungen zu unternehmerischem Handeln unter Unsicherheit
[Keynes’s Reflections on Entrepreneurship: Of Entrepreneurs and South Pole Explorers]

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  • Christian Hecker

Abstract

Zusammenfassung Aus Sicht von Keynes hängt das Erfolgspotenzial der Marktwirtschaft nicht nur von der staatlichen Wirtschaftspolitik ab, sondern ebenso vom Wirken vorausschauender Unternehmer:innen. Diese sollen sich seiner Meinung nach dadurch auszeichnen, dass sie trotz allgegenwärtiger Unsicherheit langfristige Erwartungen bilden und auf eigene Verantwortung danach handeln. Dadurch tragen sie maßgeblich zu wirtschaftlicher Stabilität, Humankapitalbildung und technischem Fortschritt bei. Aus heutiger Sicht zeigt sich die Bedeutung des Unternehmertums vor allem im Hinblick auf die Entwicklung nachhaltiger Geschäftsmodelle, während die Orientierung an kapitalmarktbasierten Benchmarks zu gravierenden Fehlsteuerungen führen kann.

Suggested Citation

  • Christian Hecker, 2021. "Keynes‘ Überlegungen zu unternehmerischem Handeln unter Unsicherheit [Keynes’s Reflections on Entrepreneurship: Of Entrepreneurs and South Pole Explorers]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(4), pages 299-304, April.
    • Handle: RePEc:spr:wirtsc:v:101:y:2021:i:4:d:10.1007_s10273-021-2899-0
    DOI: 10.1007/s10273-021-2899-0
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    References listed on IDEAS

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    1. Christian Hecker, 2021. "How Should Responsible Investors Behave? Keynes’s Distinction Between Entrepreneurship and Speculation Revisited," Journal of Business Ethics, Springer, vol. 171(3), pages 459-473, July.
    2. Germán Gutiérrez & Thomas Philippon, 2017. "Investmentless Growth: An Empirical Investigation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(2 (Fall)), pages 89-190.
    3. Christian Hecker, 2018. "Wenn Renditeziele in Kosten umdefiniert werden – „Narrative Economics“ in der Praxis [Narratives Matter! What Happens if Expected Rates of Return are Defined as Cost of Capital?]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 98(12), pages 890-894, December.
    4. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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