- Series Information
- The Oxford Handbook of Austrian Economics
- List of Figures and Tables
- Introduction: Austrian Economics as a Progressive Research Program in the Social Sciences
- Austrian Methodology: A Review and Synthesis
- The Knowledge Problem
- Market Theory and the Price System
- Austrians versus Market Socialists
- Spontaneous Order
- The Capital-Using Economy
- Capital-Based Macroeconomics: Austrians, Keynes, and Keynesians
- Austrian Business Cycle Theory: A Modern Appraisal
- Free Banking
- Social Economy as an Extension of the Austrian Research Program
- Organizations and Markets
- The Evolution of Property Rights Systems
- On the Origins of Stock Markets
- The Rule of Experts
- The Problem of Rationality: Austrian Economics between Classical Behaviorism and Behavioral Economics
- Dynamics of Interventionism
- Ordoliberalism and the Austrian School
- The Tax State as Source of Perpetual Crisis
- Constitutional Political Economy and Austrian Economics
- Public Choice and Austrian Economics
- The Market Process Theory Perspective on Capitalism: Normative Facets and Implications
- On the Economy-Wide Implications of Kirznerian Alertness
- Contemporary Austrian Economics and the New Economic Sociology
- The Austrian Theory of Finance: Is It a Unique Contribution to the Field?
- Austrian Economics and the Evolutionary Paradigm
- Complexity and Austrian Economics
- <i>The Sensory Order</i>, Neuroeconomics, and Austrian Economics
- What Have We Learned from the Collapse of Communism?
- The Political Economy of Foreign Intervention
- From Subsistence to Advanced Material Production: Austrian Development Economics
- On Your Mark, Get Set, Develop!: Leadership and Economic Development
- The Financial Crisis in the United States
- The Financial Crisis in the United Kingdom: Uncertainty, Calculation, and Error
Abstract and Keywords
The system-wide implications of entrepreneurship are usually linked to the effects of innovation on economic growth or to the consequences of alternative institutional settings on various forms of entrepreneurial activity. Yet the motivations and consequences of system-wide entrepreneurship go well beyond those related to innovation and institutions. The goal of this chapter is to show that the market process is entrepreneurial in all its aspects, including its most quotidian operations and adjustments. Specifically, this chapter argues that adopting a Kirznerian alertness perspective allows us to appreciate how entrepreneurship is essential to, and at the center of, the whole dynamic market process, including not only innovation and institutions but also growth, allocation of resources, equilibration, and business cycles, all of which are, ultimately, products of entrepreneurial action.
Claudia Minniti is currently a Research Associate at the University of Salento (Lecce, Italy), Dipartimento di Beni Culturali. She was until recently staff member at the University of Sheffield (UK) as a Marie Curie Fellow. Her research interests include the study of animal remains from archaeological sites with integration of various disciplines (e.g. history, ethnography, zoology, and ethology). Her work has resulted in more than ninety papers in national and international journals and in conference proceedings and books, including her recent book Hunting, Animal Exploitation and Social Complexity in Central Italy between the Middle Bronze Age and Iron Age, published by Archaeopress in the British Archaeological Reports (BAR) International Series.
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.