Working Paper Series
No 760:
The Alert and Creative Entrepreneur: A Clarification
Israel M. Kirzner
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-ŕ-vis entrepreneurship. Professor Kirzner’s main contributions
to the economics of entrepreneurship were also presented and evaluated by
Douhan, Eliasson and Henrekson (2007).
Keywords: Austrian economics; Economic development; Entrepreneurship; Small business economics; (follow links to similar papers)
JEL-Codes: B49; B52; B53; O31; (follow links to similar papers)
14 pages, August 12, 2008
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