Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship
AbstractThe connection between entrepreneurship and economic organization is an under-researched topic in the economics of organization. This paper argues that key insights of the Austrian school of economics with respect to entrepreneurship and the nature and role of property rights and ownership may be useful ingredients in the economics of organization. Thus, we show that incorporating Austrian ideas allows to give new answers to such issues as who will be the principal and who will be the agent; how joint surplus in an productive relation will be split and who will own alienable assets.
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Bibliographic InfoPaper provided by Department of Industrial Economics and Strategy, Copenhagen Business School in its series IVS/CBS Working Papers with number 00-10.
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Web page: http://www.cbs.dk/forskning_viden/fakulteter_institutter_centre/institutter/oekonomi/ivs/
entrepreneurship; governance; the theory of the firm;
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