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The Political Entrepreneur and the Coordination of the Political Process: A Market Process Perspective of the Political Market

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  • Francois, Abel

Abstract

The aim of this article is to apply the Austrian analysis of the entrepreneur to the political process. By distinguishing the political process from the economic process, we will endeavour to show to what extent an analysis in terms of the political market process is both possible and relevant. The existence of an information conveyance which can be assimilated to a price system within the political process, with its resulting profits, are motivating elements for the political entrepreneur. The political entrepreneur is doubly specialised and possesses all the Kirznerian functions of the Austrian entrepreneur as a coordinating agent for the political process. Copyright 2003 by Kluwer Academic Publishers

Suggested Citation

  • Francois, Abel, 2003. "The Political Entrepreneur and the Coordination of the Political Process: A Market Process Perspective of the Political Market," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(2-3), pages 153-168, September.
    • Handle: RePEc:kap:revaec:v:16:y:2003:i:2-3:p:153-68
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    Cited by:

    1. Trofimov, Ivan D., 2017. "International policy entrepreneurship and production of international public goods: the case of multilateral trade regime," MPRA Paper 80819, University Library of Munich, Germany.
    2. Trofimov, Ivan, 2017. "Entrepreneurship and policy dynamics: a theoretical framework," MPRA Paper 79497, University Library of Munich, Germany.
    3. Ivan D. TROFIMOV, 2017. "International policy entrepreneurship and production of international public goods: the case of multilateral trade regime," Journal of Economics Library, KSP Journals, vol. 4(4), pages 473-501, December.
    4. Philip Catney & John M Henneberry, 2016. "Public entrepreneurship and the politics of regeneration in multi-level governance," Environment and Planning C, , vol. 34(7), pages 1324-1343, November.
    5. Gabriel A. Giménez-Roche, 2011. "A Socially Situated Praxeological Approach to Entrepreneurship," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 20(2), pages 159-187, September.
    6. Hederer, Christian, 2007. "Political Entrepreneurship and Institutional Change: an Evolutionary Approach," MPRA Paper 8249, University Library of Munich, Germany.
    7. Vlad Tarko, 2015. "The role of ideas in political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(1), pages 17-39, March.
    8. TROFIMOV, Ivan, 2017. "Systemic Analysis of Trade Liberalisation: Policy Entreprenuership and Behavioural Variables in a Two-Legal Game Framework," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 70(2), pages 217-244.
    9. Didier Nobile & Christophe Schmitt & Julien Husson, 2012. "L'élu-entrepreneur local, un entrepreneur comme les autres ?," Post-Print hal-03000322, HAL.

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