Entrepreneurship

Why do business firms exist?  Do firms substitute for the market or complement the market?  Why do firms buy some inputs but make others?These are basic economic questions. 

Professor Holcombe argues that Kirznerian entrepreneurial alertness enables market actors to spot previously unnoticed profit opportunities. Entrepreneurs then act upon these opportunities.

This article describes how theories of entrepreneurship can be completely incorporated into a model of the competitive process to show that entrepreneurship is the engine of economic progress

In the last decades, more and more economists have advanced the idea that significant obstacles impeding economic growth (especially in less developed regions) consist in different market failures,

Ludwig von Mises, Friedrich Hayek, and Murray Rothbard were the main architects of the distinctly Austrian theory of production as it exists today. All three conceived the entrepreneurial function 

While corporate income taxation is a major issue in the debate over international finance, economic theory has no clear stance on who bears its burden.

Volume 17, Number 1 (Spring 1997)

This paper revisits the concept of entrepreneurship, which is frequently neglected in mainstream economics, and discusses the importance of defining and isolating this concept in the context of large, publicly held companies. 

This paper represents the initial phase of a larger study which will present the outline of an analytical model of the structure and dynamics of th

Modern libertarian thought is essentially deductive in character.