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A History of the Trajectory of Kirzner’s Economic Thought Toward the Consolidation of His Theory of Entrepreneurship

In: Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference

Author

Listed:
  • Lucas Casonato
  • Eduardo Angeli

Abstract

The chapter aims to enhance the understanding of the development of Kirzner’s theory of entrepreneurship. To do so, elements in Kirzner’s works published up until 1973 that enclose the central points of this theory are studied. The chapter has four sections, in addition to the introduction and conclusion, that highlight the arguments that relate to Kirzner’s theory of entrepreneurship: (i) before the publication of his 1967 paper that presents the entrepreneurial function in the market process (1960–1967); between the 1967 paper and the publication of his most important book,Competition and Entrepreneurship, in 1973 (1967–1973); (iii) in Kirzner’s latest version of entrepreneurship theory as presented in his 1973 book; and (iv) the evolution of Kirzner’s thinking. The evolution of the author’s thinking regarding equilibrium and the entrepreneur is highlighted by presenting the different stages of his theory of entrepreneurship between 1960 and 1973.

Suggested Citation

  • Lucas Casonato & Eduardo Angeli, 2021. "A History of the Trajectory of Kirzner’s Economic Thought Toward the Consolidation of His Theory of Entrepreneurship," Research in the History of Economic Thought and Methodology, in: Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference, volume 39, pages 107-131, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542021000039a007
    DOI: 10.1108/S0743-41542021000039A007
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    Keywords

    Israel Kirzner; Entrepreneurship; Austrian economics; Austrian Revival; Market Process Equilibrium; B31; B53;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian

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