IDEAS home Printed from https://ideas.repec.org/p/aim/wpaimx/2103.html

Kirzner and Rothbard on an Austrian theory of entrepreneurship: the heirs of both Menger and Mises discuss action and the role of institutions

Author

Abstract

This paper is the last part of a trilogy on the theory and history of entrepreneurship in Austrian school of economics. The triptych ends with contemporary members by comparing Israel Kirzner and Murray Rothbard. The migration of the Austrian school induced a new assessment of Austrian traits in a new setting. While we do not focus on the history of the Austrian school in America as such, we will stress how Kirzner focused his view of entrepreneurship on the concepts of alertness, discovery by opportunity and the equilibrating action of the entrepreneur – while Rothbard’s contribution was more ideologically engaged.

Suggested Citation

  • Gilles Campagnolo & Christel Vivel, 2021. "Kirzner and Rothbard on an Austrian theory of entrepreneurship: the heirs of both Menger and Mises discuss action and the role of institutions," AMSE Working Papers 2103, Aix-Marseille School of Economics, France.
    • Handle: RePEc:aim:wpaimx:2103
    as

    Download full text from publisher

    File URL: https://www.amse-aixmarseille.fr/sites/default/files/working_papers/wp_2021_-_nr_03.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gilles Campagnolo & Christel Vivel, 2012. "Before Schumpeter: forerunners of the theory of the entrepreneur in 1900s German political economy -- Werner Sombart, Friedrich von Wieser," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 19(6), pages 908-943, December.
    2. Bruce J. Caldwell, 1984. "Praxeology and its Critics: an Appraisal," History of Political Economy, Duke University Press, vol. 16(3), pages 363-379, Fall.
    3. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528.
    4. Gilles Campagnolo & Christel Vivel, 2011. "Power And Entrepreneurship In German Political Economy: The Cases Of Werner Sombart And Friedrich Von Wieser," ICER Working Papers 11-2011, ICER - International Centre for Economic Research.
    5. Gilles Campagnolo, 2018. "Self-Realization of the Economic Agent," Post-Print hal-01897846, HAL.
    6. Gilles Campagnolo, 2014. "Les Recherches sur la méthode de Carl Menger : l’individualisme méthodologique contre les robinsonnades ?," Post-Print hal-01474276, HAL.
    7. Gilles Campagnolo, 2016. "Carl Menger," Post-Print hal-01477195, HAL.
    8. Peter J. Boettke & David L. Prychitko (ed.), 1994. "The Market Process," Books, Edward Elgar Publishing, number 54.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gilles Campagnolo, 2018. "From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France," Russian Journal of Economics, ARPHA Platform, vol. 4(1), pages 8-30, April.
    2. David Harper, 2013. "“The Economics of Time and Ignorance”: A critical re-examination after 25 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 1-6, March.
    3. Chamilall Neelkant S., 2000. "La Genese Du Label Autricheen': La Pensee De Carl Menger," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 53-118, March.
    4. Peter Leeson & Peter Boettke, 2006. "Was Mises right?," Review of Social Economy, Taylor & Francis Journals, vol. 64(2), pages 247-265.
    5. Leonid Krasnozhon & John Levendis, 2015. "Mises and prediction markets: Can markets forecast?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(1), pages 41-52, March.
    6. Michael Litschka & Kristoffel Grechenig, 2010. "Law by human intent or evolution? Some remarks on the Austrian school of economics’ role in the development of law and economics," European Journal of Law and Economics, Springer, vol. 29(1), pages 57-79, February.
    7. Paul Lewis, 2010. "Certainly not! A critical realist recasting of Ludwig von Mises's methodology of the social sciences," Journal of Economic Methodology, Taylor & Francis Journals, vol. 17(3), pages 277-299.
    8. Paul Lewis, 2005. "Boettke, The Austrian School and the Reclamation of Reality in Modern Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(1), pages 83-108, January.
    9. Festré, Agnès & Garrouste, Pierre, 2016. "Wieser As A Theorist Of Institutional Change," Journal of the History of Economic Thought, Cambridge University Press, vol. 38(4), pages 463-483, December.
    10. Loïc Sauce, 2017. "Market process(es) and (un)knowledge," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 305-321, September.
    11. Graham Dawson, 2014. "W. H. Hutt (1899–1988): Free Markets and Social Justice," Economic Affairs, Wiley Blackwell, vol. 34(3), pages 379-391, October.
    12. Peter G. Klein, 2010. "F.A. Hayek," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 8, Edward Elgar Publishing.
    13. Brian Chi‐ang Lin, 2007. "A New Vision Of The Knowledge Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 553-584, July.
    14. Manuel Oyson & Hugh Whittaker, 2015. "Entrepreneurial cognition and behavior in the discovery and creation of international opportunities," Journal of International Entrepreneurship, Springer, vol. 13(3), pages 303-336, September.
    15. Neil Skaggs, 2005. "Michael Latzer and Stefan W. Schmitz (Eds.), Carl Menger and the Evolution of Payments Systems," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(3), pages 345-347, December.
    16. Philippe Dulbecco & Marie-Françoise Renard, 2003. "Permanency and Flexibility of Institutions: The Role of Decentralization in Chinese Economic Reforms," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 327-346, December.
    17. Kapás, Judit, 2003. "A piac mint intézmény - szélesebb perspektívában [The market as an institution - in a broader perspective]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1076-1094.
    18. Yong Yik Wei & Aekapol Chongvilaivan & Chew Jing Yang, 2008. "Alternative Approaches to the Development of Early Childhood Education in Singapore," Development Economics Working Papers 22581, East Asian Bureau of Economic Research.
    19. Trofimov, Ivan D., 2017. "International policy entrepreneurship and production of international public goods: the case of multilateral trade regime," MPRA Paper 80819, University Library of Munich, Germany.
    20. Andrea Migone, 2011. "Embedded markets: A dialogue between F.A. Hayek and Karl Polanyi," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 355-381, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:aim:wpaimx:2103. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Gregory Cornu (email available below). General contact details of provider: https://edirc.repec.org/data/amseafr.html .

    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.