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Introduction to the 2nd Edition of the Handbook of Entrepreneurship Research Kapitel lesen Erstes Kapitel lesen

2010 | OriginalPaper | Buchkapitel

9. Market Processes and Entrepreneurial Studies

verfasst von : Roger Koppl, Maria Minniti

Erschienen in: Handbook of Entrepreneurship Research

Verlag: Springer New York

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Abstract

In 2006, Israel Kirzner received the International Award for Entrepreneurship and Small Business Research prize.1 The award cemented Kirzner’s status as a leading figure in the study of entrepreneurship. It also brought at the forefront of the literature, the important contributions that the Austrian view of markets has provided and continues to provide to the field. Indeed, the last 5 years have seen a significant amount of work in entrepreneurship as well as the emergence of a new generation of scholars whose works are rooted in the Austrian tradition. While some have continued developing Kirzner’s encompassing view of the entrepreneur and entrepreneurship (for example, see works by Koppl and Minniti), others have branched out in areas such as the theory of the firm (among others see works by Klein and Foss), institutions (see Boettke and Coyne), and economic growth (see Sautet and Leeson). The purpose of this chapter is to review the most important contributions to entrepreneurship emerging from the Austrian approach and position them properly within the context of Austrian social science.

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Vorheriges Kapitel Equity Financing
Nächstes Kapitel Entrepreneurship, Business Culture and the Theory of the Firm
Fußnoten
1
The International Award for Entrepreneurship and Small Business Research Prize, rinemad in 2009 “the Global Award for Entrepreneurship Research” has become firmly established as the foremost global award for research on entrepreneurship. For more details see Henrekson and Lundstrom (2009).
 
2
Friedrich Weiser and Eugen von Böhm-Bawerk were early followers of Menger. Frederick A. Hayek and Ludwig von Mises were their students. Mises was an important influence on Hayek and the leader of the Austrian school from about 1920 to his death in 1973.
 
3
In addition to his contribution to the Austrian theory, Mises is also the defining figure of the migration of the Austrian school from Europe to the United States. Inter-war Vienna saw the flourishing of intellectual circles, which were groups of scholars meeting regularly to discuss common interests. The Mises circle was an important one attracting economists, philosophers, and social scientists. Among them were Oskar Morgerstern, Alfred Schutz, Felix Kaufmann, Frederick von Hayek, Erich Voegelin, and Gottfried von Haberler. Another member of this illustrious group, Fritz Machlup, once mused, “I wonder whether there as ever existed anywhere a group from which so large a percentage of members became internationally recognized scholars” (Machlup as quoted in Mises, 1984, 203). The group was eventually dispersed by the dramatic events surrounding the rise of Nazism. One after the other, Hayek, Voegelin, Morgerstern, Haberler, Schutz, and many others fled to the United States. Finally, in 1940, Mises too arrived in New York. In the following years, a group of American students fell under his influence.
 
4
The next paragraph is lifted from Minniti and Koppl (1999).
 
5
See the introduction for Kirzner comments on this point.
 
6
This paragraph and the next come from Minniti and Koppl (1999).
 
7
In a recent volume, Holcombe (2007) further develops this point and provides a comprehensive discussion of the relationship between entrepreneurship and economic growth.
 
8
For a very interesting collection of essays in the area of development and poverty see also Powell (2008).
 
9
For an Austrian entreprenurial treatment of organizational issues see Lewin and Phelan (2000), Yu (1999), and Sautet (2000). For related discussions see also the important work of Langlois and Robertson (1995).
 
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Metadaten
Titel
Market Processes and Entrepreneurial Studies
verfasst von
Roger Koppl
Maria Minniti
Copyright-Jahr
2010
Verlag
Springer New York
Buch
Handbook of Entrepreneurship Research

Print ISBN: 978-1-4419-1190-2

Electronic ISBN: 978-1-4419-1191-9

Copyright-Jahr: 2010

DOI
https://doi.org/10.1007/978-1-4419-1191-9_9

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