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The Alert and Creative Entrepreneur: A Clarification

Author

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  • Kirzner, Israel M.

    (New York University)

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).

Suggested Citation

  • Kirzner, Israel M., 2008. "The Alert and Creative Entrepreneur: A Clarification," Working Paper Series 760, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0760
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    References listed on IDEAS

    as
    1. Peter J. Boettke & David L. Prychitko (ed.), 1994. "The Market Process," Books, Edward Elgar Publishing, number 54.
    2. 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.
    3. Loasby, Brian J, 1982. "The Entrepreneur in Economic Theory," Scottish Journal of Political Economy, Scottish Economic Society, vol. 29(3), pages 0223-0223, November.
    4. 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.
    5. Kirzner, Israel M, 1999. "Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 5-17.
    6. Tony Fu‐Lai Yu, 1998. "Economic Development in Latecomer Economies: An Entrepreneurial Perspective," Development Policy Review, Overseas Development Institute, vol. 16(4), pages 353-372, December.
    7. Yu, Tony Fu-Lai, 2001. "Entrepreneurial Alertness and Discovery," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 14(1), pages 47-63, March.
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    Citations

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    Cited by:

    1. Sergey Anokhin & Joakim Wincent & Erkko Autio, 2011. "Operationalizing opportunities in entrepreneurship research: use of data envelopment analysis," Small Business Economics, Springer, vol. 37(1), pages 39-57, July.
    2. Lily Julienti Abu Bakar & Jan-Jan Soon, 2020. "Aura Bengkang Enterprise: How a Tapioca Cake Business Taps Its Creativity to Stay Competitive," South Asian Journal of Business and Management Cases, , vol. 9(1), pages 68-81, April.
    3. Valliere, Dave, 2013. "Towards a schematic theory of entrepreneurial alertness," Journal of Business Venturing, Elsevier, vol. 28(3), pages 430-442.
    4. Dave Valliere, 2013. "Entrepreneurial Alertness And Paying Attention," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-17.
    5. Bartz, Wiebke & Winkler, Adalbert, 2016. "Flexible or fragile? The growth performance of small and young businesses during the global financial crisis — Evidence from Germany," Journal of Business Venturing, Elsevier, vol. 31(2), pages 196-215.
    6. Szaban Jolanta & Skrzek-Lubasińska Małgorzata, 2018. "Self-Employment and Entrepreneurship: A Theoretical Approach," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(2), pages 89-120, June.
    7. Gregory Wolcott, 2019. "Restricting Choices: Decision Making, the Market Society, and the Forgotten Entrepreneur," Journal of Business Ethics, Springer, vol. 156(2), pages 293-314, May.
    8. 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.
    9. Izlem Gozukara & Nurdan Colakoglu, 2016. "Enhancing Entrepreneurial Intention and Innovativeness of University Students: The Mediating Role of Entrepreneurial Alertness," International Business Research, Canadian Center of Science and Education, vol. 9(2), pages 34-45, February.
    10. Ferlito, Carmelo, 2015. "Entrepreneurship: State of grace or human action?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 27(1-2), pages 11-36.
    11. Mariano Nieto & Nuria González-Álvarez, 2016. "Social capital effects on the discovery and exploitation of entrepreneurial opportunities," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 507-530, June.
    12. Ferlito, Carmelo, 2015. "Entrepreneurship: State of grace or human action? Schumpeter’s leadership vs Kirzner’s alertness," MPRA Paper 67694, University Library of Munich, Germany.

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    More about this item

    Keywords

    Austrian economics; Economic development; Entrepreneurship; Small business economics;
    All these keywords.

    JEL classification:

    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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