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The Alert and Creative Entrepreneur: A Clarification

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  • Kirzner, Israel M.

    (New York University)

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    Abstract

    Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research (the FSF-Nutek Award). In this Prize Lecture he argues that a number of those who have commented on his work have misunderstood certain aspects of his theoretical system, and as a result the common distinction in the literature between “Schumpeterian” and “Kirznerian” entrepreneurs is flawed. He also argues that his understanding of the market process (set in motion by entrepreneurial decisions) provides a theoretical underpinning for public policy vis-à-vis entrepreneurship. Professor Kirzner’s main contributions to the economics of entrepreneurship were also presented and evaluated by Douhan, Eliasson and Henrekson (2007).

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    Bibliographic Info

    Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 760.

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    Length: 14 pages
    Date of creation: 12 Aug 2008
    Date of revision:
    Handle: RePEc:hhs:iuiwop:0760

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    Related research

    Keywords: Austrian economics; Economic development; Entrepreneurship; Small business economics;

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    References

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    1. Kirzner, Israel M, 1999. " Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur," The Review of Austrian Economics, Springer, vol. 11(1-2), pages 5-17.
    2. Robin Douhan & Gunnar Eliasson & Magnus Henrekson, 2007. "Israel M. Kirzner: An Outstanding Austrian Contributor to the Economics of Entrepreneurship," Small Business Economics, Springer, vol. 29(1), pages 213-223, June.
    3. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    4. Loasby, Brian J, 1982. "The Entrepreneur in Economic Theory," Scottish Journal of Political Economy, Scottish Economic Society, vol. 29(3), pages 0223, November.
    5. Yu, Tony Fu-Lai, 2001. " Entrepreneurial Alertness and Discovery," The Review of Austrian Economics, Springer, vol. 14(1), pages 47-63, March.
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    Cited by:
    1. Valliere, Dave, 2013. "Towards a schematic theory of entrepreneurial alertness," Journal of Business Venturing, Elsevier, vol. 28(3), pages 430-442.
    2. Provance, Mike & Donnelly, Richard G. & Carayannis, Elias G., 2011. "Institutional influences on business model choice by new ventures in the microgenerated energy industry," Energy Policy, Elsevier, vol. 39(9), pages 5630-5637, September.

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