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Carl Menger on time and entrepreneurship

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  • Campagnolo, Gilles

Abstract

Carl Menger is remembered less for his analysis of entrepreneurship (which in the following analysis refers to his fundamental notions related to the nature of business practice) than for his views on matters like money, individualism or the nature of institutions (there are exceptions to this subdued interest, such as Kirzner 1978). However, these issues are related and a long-debated notion among Austrians, namely time, relates investment, entrepreneurship, uncertainty and Menger’s tentative quasi-anthropology (kept in his notes). This paper conscientiously investigates those issues through Menger’s views on the notion of time.

Suggested Citation

  • Campagnolo, Gilles, 2022. "Carl Menger on time and entrepreneurship," LSE Research Online Documents on Economics 117195, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:117195
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    File URL: http://eprints.lse.ac.uk/117195/
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    References listed on IDEAS

    as
    1. Kiichiro Yagi, 1993. "Carl Menger's Grundsätze in the Making," History of Political Economy, Duke University Press, vol. 25(4), pages 697-724, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Böhm-Bawerk (Eugen von); entrepreneurship; innovation; Menger (Carl); time;
    All these keywords.

    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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