Entrepreneurship

The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth.

This paper summarizes and compares the theories of entrepreneurship of Joseph A. Schumpter and Israel M. Kirzner as presented in their major scholarly contributions to economic analysis.

Richard Cantillon is credited with the discovery of economic theory and was the first to fully consider the critical role of entrepreneurship in the economy.

There’s a great story in the news this week about

Volume 6, Number 1 (Fall 1985)

Charles Baird discusses the impact of Government regulation on entrepreneurial discovery.

It is worth remembering that much of the tourist economy in the West is a subsidized invention of the federal government, writes Ryan McMaken.

Peter Klein focuses here on the financial-market entrepreneur — what Rothbard (1962, 1985) calls the capitalist-entrepreneur — to outline some features of an Austrian theory of corporate governance

In the last decades, more and more economists have advanced the idea that significant obstacles impeding economic growth (especially in less developed regions) consist in different market failures,

Much of what is contained within this book has more to do with developing a typology of various non-market institutions than explicitly developing theories of their more complex workings.

Mainstream growth theory focuses on the role of inputs and technology, but inputs and technology cannot produce growth without an environment that fosters entrepreneurship. I believe that the application of mainstream growth theory has often been harmful to economic growth because the mainstream theory ignores the market process.