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Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship

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Author Info
Kirsten Foss
Nicolai J. Foss

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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 alienable assets.

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Paper provided by Department of Industrial Economics and Strategy, Copenhagen Business School in its series IVS/CBS Working Papers with number 00-10.

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Handle: RePEc:ivs:iivswp:00-10

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Web page: http://www.cbs.dk/forskning_viden/fakulteter_institutter_centre/institutter/oekonomi/ivs/

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Related research
Keywords: entrepreneurship; governance; the theory of the firm;

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Find related papers by JEL classification:
D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
M3 - Business Administration and Business Economics; Marketing; Accounting - - Marketing and Advertising

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  1. Nicolai J. Foss & Peter G. Klein, 2004. "Entrepreneurshoip and the Economic Theory of the Firm Any Gains from Trade?," DRUID Working Papers 04-12, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  2. Kirsten Foss, Nicolai J. Foss, 2000. "Theoretical isolation in contract theory: suppressing margins and entrepreneurship," Journal of Economic Methodology, Taylor and Francis Journals, vol. 7(3), pages 313-339, November. [Downloadable!] (restricted)
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  3. Arnis Sauka, 2008. "Productive, Unproductive and Destructive Entrepreneurship: A Theoretical and Empirical Exploration," William Davidson Institute Working Papers Series wp917, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
  4. Nicolai J. Foss, 2002. "'Coase vs Hayek': Economic Organization and the Knowledge Economy," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 9(1), pages 9-35, February. [Downloadable!] (restricted)
    Other versions:
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