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Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship

Author

Listed:
  • Kirsten Foss
  • Nicolai J. Foss

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.

Suggested Citation

  • Kirsten Foss & Nicolai J. Foss, "undated". "Economic Organization and the Tradeoffs between Productive and Destructive Entrepreneurship," IVS/CBS Working Papers 00-10, Department of Industrial Economics and Strategy, Copenhagen Business School.
    • Handle: RePEc:ivs:iivswp:00-10
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    File URL: http://ep.lib.cbs.dk/download/ISBN/8778690609.pdf
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    More about this item

    Keywords

    entrepreneurship; governance; the theory of the firm;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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