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Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca
[Competition without equilibrium. The 'entrepreneurial discovery' in Austrian Economic Theory]

Author

Listed:
  • Marco, Passarella
  • Hervé, Baron

Abstract

The aim of this paper is to supply both a description and an interpretation-key of the recent developments in the Austrian Economics, with particular attention for the role played by the concept of «entrepreneurial discovery». Without knowing exactly «what» he is looking for and without using a particular research method, the Austrian entre-preneur, like a modern buccaneer, peers at the horizon, waiting for new money profit opportunities.

Suggested Citation

  • Marco, Passarella & Hervé, Baron, 2010. "Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca [Competition without equilibrium. The 'entrepreneurial discovery' in Austrian Economic Theory]," MPRA Paper 28505, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:28505
    as

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    File URL: https://mpra.ub.uni-muenchen.de/28505/1/MPRA_paper_28505.pdf
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    References listed on IDEAS

    as
    1. Agnès Festré & Pierre Garrouste, 2009. "The economic analysis of social norms: A reappraisal of Hayek’s legacy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 259-279, September.
    2. Agnès Festré, 2003. "Knowledge and individual behaviour in the Austrian tradition of business cycles: von Mises vs. Hayek," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 11(1), pages 13-45.
    3. 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.
    4. Hayek, F. A., 1996. "Individualism and Economic Order," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320939, January.
    5. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70(3), pages 322-322.
    6. Hayek, F. A., 1997. "Socialism and War," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226320588 edited by Caldwell, Bruce, January.
    7. Richard Arena & Agnès Festré, 2006. "Knowledge, Beliefs and Economics," Post-Print halshs-00271316, HAL.
    8. Lachmann, Ludwig M, 1976. "From Mises to Shackle: An Essay on Austrian Economics and the Kaleidic Society," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 54-62, March.
    9. Buchanan, James M. & Vanberg, Viktor J., 1991. "The Market as a Creative Process," Economics and Philosophy, Cambridge University Press, vol. 7(2), pages 167-186, October.
    10. F. A. Hayek, 2005. "The Use of Knowledge in Society," World Scientific Book Chapters, in: Guang-Zhen Sun (ed.), Readings In The Economics Of The Division Of Labor The Classical Tradition, chapter 25, pages 270-284, World Scientific Publishing Co. Pte. Ltd..
    11. Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, October.
    12. Richard Arena & Agnès Festré, 2006. "Knowledge and Beliefs in Economics: The Case of the Austrian Tradition," Chapters, in: Richard Arena & Agnès Festré (ed.), Knowledge, Beliefs and Economics, chapter 3, Edward Elgar Publishing.
    13. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    14. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
    15. Salerno, Joseph T, 1994. "Mises and Hayek on Calculation and Knowledge: Reply," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(2), pages 111-125.
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    Cited by:

    1. Passarella, Marco, 2007. "Per una storia analitica dell'economia politica. Alcune considerazioni sulle prospettive della Storia del Pensiero Economico [Notes for an analytical history of the political economy]," MPRA Paper 28674, University Library of Munich, Germany, revised 06 Feb 2011.

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    More about this item

    Keywords

    Austrian Economics; Entrepreneurial Discovery Approach; Methodological Individualism;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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