Working Paper Series, Department of Industrial Economics & Strategy, Copenhagen Business School
Kirsten Foss and Nicolai J. Foss
Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship.
Abstract: The connection between entrepreneurship and economic
organization is an under-researched topic in the economics of organization.
This paper argues that key insights of the Austrian school of economics
with respect to entrepreneurship and the nature and role of property rights
and ownership may be useful ingredients in the economics of organization.
Thus, we show that incorporating Austrian ideas allows to give new answers
to such issues as who will be the principal and who will be the agent; how
joint surplus in an productive relation will be split and who will own
Keywords: entrepreneurship; governance; the theory of the firm; (follow links to similar papers)
JEL-Codes: D83; D80; M3; (follow links to similar papers)
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