THE Austrian Theory of Entrepreneurship: A Discussion of Israel Kirzner's Contribution
Austrian Theory of Entrepreneurship: A Discussion of Israel Kirzner's Contribution
DOI:
https://doi.org/10.22456/2176-5456.103982Keywords:
Israel Kirzner, Atividade Empresarial, Escola Austríaca.Abstract
Considering Kirzner's stance on professional engagement in the context of crisis and subsequent reorganization of the Austrian School, the article investigates whether there is originality in Kirzner's contribution to the theory of entrepreneurship presented by him. It is argued that there is only one theory of entrepreneurial action due to the simultaneous presence of Misesian and Hayekian contributions contrasted with neoclassical microeconomics. Thus, the main originality in Kirzner's proposition is to adopt the approaches of Mises and Hayek as complementary under the same framework designed based on a background offered by traditional theory and the correction of the flaws pointed out by Kirzner. It is the combination of these three elements from a Kirznerian perspective that simultaneously allows all aspects of the theory of entrepreneurship.
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