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Discovering rhetoric: The ecology of enterprise in the Bourgeois Era

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  • Martin, Adam

Abstract

Deirdre McCloskey's Bourgeois Dignity deploys Israel Kirzner's theory of entrepreneurial discovery in her explanation of the Industrial Revolution. This essay examines whether Kirzner's theory can bear the analytical load that McCloskey would place on it. I identify two potential incongruities between Kirzner's theory and McCloskey's historical account but find them both unconvincing. Kirzner's entrepreneur is a good fit for McCloskey's story. I argue further that the fit can be strengthened by incorporating further elements of Kirzner's theory, including entrepreneurial alertness.

Suggested Citation

  • Martin, Adam, 2012. "Discovering rhetoric: The ecology of enterprise in the Bourgeois Era," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 757-762.
    • Handle: RePEc:eee:soceco:v:41:y:2012:i:6:p:757-762
    DOI: 10.1016/j.socec.2012.05.002
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    References listed on IDEAS

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    1. Kirzner, Israel M, 1996. "Reflections on the Misesian Legacy in Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 9(2), pages 143-154.
    2. Hayek, F. A. & Caldwell, Bruce, 2007. "The Road to Serfdom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320540 edited by Caldwell, Bruce, Febrero.
    3. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776.
    4. Adam Martin, 2011. "Rational choice without closure: the microfoundations of virtuous cycles and vicious circles," Journal of Economic Methodology, Taylor & Francis Journals, vol. 18(4), pages 345-361, December.
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    6. Peter J. Boettke & Daniel J. D'Amico, 2010. "Corridors, Coordination, and the Entrepreneurial Theory of the Market Process," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 25(Spring 20), pages 87-96.
    7. Paul Lewis, 2011. "Far from a nihilistic crowd: The theoretical contribution of radical subjectivist Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 185-198, June.
    8. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    9. Adam Martin, 2009. "Critical realism and the Austrian paradox," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(3), pages 517-530, May.
    10. Virgil Storr, 2008. "The market as a social space: On the meaningful extraeconomic conversations that can occur in markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 21(2), pages 135-150, September.
    11. McCloskey, Deirdre Nansen, 2010. "Bourgeois Dignity," University of Chicago Press Economics Books, University of Chicago Press, number 9780226556659, December.
    12. Kirzner, Israel M, 1999. "Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1-2), pages 5-17.
    13. George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59(3), pages 185-185.
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