A special double issue on entrepreneurship, guest edited by Per Bylund. Though a heterodox school of thought, Austrian economics features powerfully in the scholarship of entrepreneurship.
The Quarterly Journal of Austrian Economics (QJAE) is a refereed journal that promotes the development and extension of Austrian economics and the analysis of contemporary issues in the mainstream of economics from an Austrian perspective.
The QJAE Blog Editors and Editorial Board Submission Information
Entrepreneurial Empowerment: You Are Only as Good as Your Employees
Successful entrepreneurial leaders play a central role in empowering employees to use their localized knowledge.
Turning the Word Upside Down: How Cantillon Redefined the Entrepreneur
The word entrepreneur originally meant someone who is active, risky, and even violent. Richard Cantillon changed both the meaning of the word, and our ideas of what entrepreneurs are.
The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century
The Skyscraper Index, as Mark Thornton shows, links record-breaking building construction with the business cycle, in a way consistent with Austrian business cycle theory.
From the War on Poverty to the War on Crime: The Making of Mass Incarceration in America
Tate Fegley reviews Elizabeth Hinton's book on mass incarceration, finding in it a good overview of US criminal justice from Kennedy to Reagan, but no clear, discernible thesis.
A Dynamic Model of Entrepreneurial Opportunity: Ingetrating Kirzner’s and Mises’s Approaches to Entrepreneurial Action
This paper introduces, through two longitudinal case studies, a more dynamic understanding of opportunities. This generates novel insights about how entrepreneurs view opportunities.
Why (a Theory of) Opportunity Matters: Refining the Austrian View of Entrepreneurial Discovery
Just as markets can be described as price discovery procedures for existing goods, services, and resources, entrepreneurship can be usefully described as a price discovery procedure for future goods, services, and resources.
A Subjectivist Approach to Team Entrepreneurship
This article theoretically refines and empirically extends the subjectivist approach to team entrepreneurship, finding that positive internal and external team dynamics contribute to team effectiveness.
Institutions and Entrepreneurship: Pushing the Boundaries
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
Escaping Paternalism
David Gordon reviews Mario Rizzo and Glen Whitman's discussion of behavioral economics, which suggests we know much less about the prevalence of irrational choice than behavioral economists think we do.
Finding the Entrepreneur-Promoter: A Praxeological Inquiry
Rather than relying on the evenly rotating economy, this paper uses the imaginary construction of a specialization deadlock to define the entrepreneur-promoter, the pioneers of economic improvement, praxeologically.
Introduction to the Entrepreneurship Special Issue
The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000).
Autarkic Entrepreneurship
The autarkic economy—the economy of one—is not a mere analytic tool, but is a real and significant aspect of praxeology. The entrepreneurial function is prominent in the autarkic economy also.
Carl Menger’s Grundsätze as a Foundtion for Contemporary Entrepreneurship Research
Taking subjective value theory, the conception of economic goods, and the hierarchy of needs from Menger, this paper elaborates a model of strategic entrepreneurship.
