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Austrian Economics and Entrepreneurial Studies (Hardcover, New)
Loot Price: R4,707
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Austrian Economics and Entrepreneurial Studies (Hardcover, New)
Series: Advances in Austrian Economics
Expected to ship within 10 - 15 working days
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Austrian economics and entrepreneurial studies have both expanded
greatly in the last twenty or thirty years. Unfortunately, they
have developed more or less independently of each other. Austrian
economics has enjoyed a revival since 1973 or 1974. In 1973, Israel
Kirzner published his classic book, "Competition and
Entrepreneurship", which outlined an entrepreneurial theory of the
market process. In 1974, F. A. Hayek was awarded the Nobel Memorial
Prize in Economics. The same year saw the famous South Royalton
conference, which is the traditional origin of the "Austrian
revival." The intellectual history of entrepreneurial studies
reaches back at least as far as Richard Cantillon (1755).As an
intellectual movement, however, entrepreneurial studies began about
the same time as the Austrian revival. The beginnings of the
entrepreneurship movement might be dated to sometime before 1978
when Babson College established its Center for Entrepreneurial
Studies, the first such center in the US. In all this time,
however, there has been limited exchange between Austrian economics
and entrepreneurial studies. It is high time we expand trade across
the border between Austrian economics and entrepreneurial studies.
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