Abstract

http://ssrn.com/abstract=2338543
 


 



Toward a Framework for Behavioral Strategy: What We Can Learn from Austrian Economics


Per L. Bylund


Baylor University - Department of Management & Entrepreneurship; Baylor University - John F. Baugh Center for Entrepreneurship; Ratio Institute; Ludwig von Mises Institute; University of Missouri at Columbia - McQuinn Center of Entrepreneurial Leadership

October 11, 2013

Behavioral Strategy: Emerging Perspectives (Research in Behavioral Strategy book series), T. K. Das (ed.), Information Age Publishing, Forthcoming
Mises Working Paper Series #0012/14

Abstract:     
The Austrian school of economics has recently made inroads into and appears may become an important perspective in the study of strategic management and entrepreneurship. Yet we see little of the prediction two decades ago that a specifically "Austrian school of strategy" would emerge (Jacobson, Academy of Management Review, 1992). This chapter summarizes the measurable influence of "Austrian economics" in strategy to date, and notes core insights from the Austrian school that are yet to be discovered by strategy and entrepreneurship scholars. I argue that our field has much to gain from looking closer at the uniquely integrated framework, perspective, and approach of the Austrian school, rather than just incorporate individual Austrian concepts, and illustrate the argument with a discussion on the distinctively Austrian conception of time and implications thereof for strategy and entrepreneurship.

Number of Pages in PDF File: 50

Keywords: Austrian economics, strategy, entrepreneurship, time

JEL Classification: B53, L1, L26

Accepted Paper Series


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Date posted: October 12, 2013 ; Last revised: May 28, 2014

Suggested Citation

Bylund, Per L., Toward a Framework for Behavioral Strategy: What We Can Learn from Austrian Economics (October 11, 2013). Behavioral Strategy: Emerging Perspectives (Research in Behavioral Strategy book series), T. K. Das (ed.), Information Age Publishing, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2338543

Contact Information

Per L. Bylund (Contact Author)
Baylor University - Department of Management & Entrepreneurship ( email )
PO Box 98006
Waco, TX 76798-8006
United States
Baylor University - John F. Baugh Center for Entrepreneurship ( email )
United States
Ratio Institute ( email )
P.O. Box 3203
SE-103 64 Stockholm
Sweden
Ludwig von Mises Institute ( email )
Auburn, AL
United States
University of Missouri at Columbia - McQuinn Center of Entrepreneurial Leadership ( email )
Mumford Hall
Columbia, MO 65211
United States
HOME PAGE: http://www.perbylund.com/academics
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