IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/19952_4.html
   My bibliography  Save this book chapter

Beggars and horseless: entrepreneurial origins of organizations and markets

In: Elgar Companion to Herbert Simon

Author

Listed:
  • Saras Sarasvathy

Abstract

Herbert Simon supervised my doctoral dissertation that spelled out the baseline of entrepreneurial expertise, now known under the rubric of effectuation. In this chapter, I share several insightful conversations with Simon while summarizing the content and history of over two decades of work on effectual logic. I show how effectuation offers an “even-if” alternative to Milton Friedman’s arguments about the sufficiency of predictive models that espouse an “as-if” logic. I also relate the effectual process to topics of interest in the economics of entrepreneurship, ranging from overconfidence bias, occupational choice, opportunity costs and opportunism.

Suggested Citation

  • Saras Sarasvathy, 2024. "Beggars and horseless: entrepreneurial origins of organizations and markets," Chapters, in: Gerd Gigerenzer & Shabnam Mousavi & Riccardo Viale (ed.), Elgar Companion to Herbert Simon, chapter 4, pages 57-76, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:19952_4
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781800370685.00012
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:19952_4. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.