IDEAS home Printed from https://ideas.repec.org/h/eme/aaeczz/s1529-2134(03)06004-6.html
   My bibliography  Save this book chapter

On Austrian Analysis Of Entrepreneurship And My Own

In: Austrian Economics and Entrepreneurial Studies

Author

Listed:
  • William J Baumol

Abstract

All of economics recognizes the importance of entrepreneurship, but until the work of the Austrians, little was done about it. Neoclassical economics could not deal with it in its models, because formal optimization is largely irrelevant and because the entrepreneur’s innovation is, by definition, purely heterogeneous. The Austrians, with their flexibility of method, were able to break through, following Schumpeter’s great contribution. My own work on the subject solved the method problem by discussing not what activities the entrepreneurs undertake, but how their services are allocated between such things as contributions to production and rent seeking.

Suggested Citation

  • William J Baumol, 2003. "On Austrian Analysis Of Entrepreneurship And My Own," Advances in Austrian Economics, in: Austrian Economics and Entrepreneurial Studies, pages 57-66, Emerald Group Publishing Limited.
  • Handle: RePEc:eme:aaeczz:s1529-2134(03)06004-6
    DOI: 10.1016/S1529-2134(03)06004-6
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1016/S1529-2134(03)06004-6/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.emerald.com/insight/content/doi/10.1016/S1529-2134(03)06004-6/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1016/S1529-2134(03)06004-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    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:eme:aaeczz:s1529-2134(03)06004-6. 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: Emerald Support (email available below). General contact details of provider: .

    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.