Matthew McCaffrey

University of Manchester - Manchester Business School

Lecturer

United Kingdom

SCHOLARLY PAPERS

41

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11,334

SSRN CITATIONS
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SSRN RANKINGS

Top 14,067

in Total Papers Citations

50

CROSSREF CITATIONS

45

Scholarly Papers (41)

1.

The Macro Problem of Microtransactions: The Self-Regulatory Challenges of Video Game Loot Boxes

Business Horizons, Forthcoming
Number of pages: 28 Posted: 14 Jan 2019
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 1,820 (15,779)
Citation 1

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Video Games, Microtransactions, Loot Boxes, Government Regulation, Self-Regulation, Electronic Arts

2.

Levels without Bosses? Entrepreneurship and Valve’s Organizational Design

The Invisible Hand in Virtual Worlds: The Economic Order of Video Games, ed. Matthew McCaffrey (Cambridge: Cambridge University Press, 2021), forthcoming.
Number of pages: 36 Posted: 14 Jul 2021
Ulrich Möller and Matthew McCaffrey
University of Bremen - Faculty of Business Studies and Economics and University of Manchester - Manchester Business School
Downloads 1,107 (34,350)

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Entrepreneurship, theory of the firm, judgment, Organizational design, Valve,

3.

'We Do Not Sow': The Economics and Politics of A Song of Ice and Fire

Capitalism and Commerce in Imaginative Literature, edited by Ed Younkins (Lexington Books, 2015, pp. 385-398).
Number of pages: 19 Posted: 13 Feb 2015 Last Revised: 15 Aug 2016
Matthew McCaffrey and Carmen-Elena Dorobat
University of Manchester - Manchester Business School and Manchester Metropolitan Business School, Strategy Enterprise and Sustainability
Downloads 1,088 (34,051)

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A Song of Ice and Fire, Game of Thrones, economics and literature, economics and the arts, state formation, war making, borrowing, taxation, inflation, rhetoric

4.

A Theory of Political Entrepreneurship

Modern Economy, Vol. 2, No. 4, pp. 552-560.
Number of pages: 9 Posted: 27 Aug 2014
Matthew McCaffrey and Joseph T. Salerno
University of Manchester - Manchester Business School and Ludwig von Mises Institute
Downloads 911 (43,725)
Citation 1

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Entrepreneurship, Political Entrepreneurship, Ownership, Production, Uncertainty, Income Distribution, Profit and Loss

5.

The Political Economy of 'The Art of War'

Comparative Strategy, Vol. 33, No. 4, pp. 354-371, 2014
Number of pages: 35 Posted: 13 Oct 2014 Last Revised: 29 Nov 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 663 (66,975)

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Sun Tzu, Art of War, Political Economy, Economics of War, History of Economic Thought, Military Organization, Incentives, Entrepreneurship, Opportunity Discovery

6.

William Baumol's 'Entrepreneurship: Productive, Unproductive, and Destructive'

Forthcoming in "Foundational Papers in Entrepreneurship," ed. Golshan Javadian. London: Palgrave MacMillan.
Number of pages: 29 Posted: 08 May 2017 Last Revised: 17 Aug 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 561 (82,647)

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William Baumol, entrepreneurship, unproductive entrepreneurship, destructive entrepreneurship, institutions, innovation, economic growth

7.

A Cautious Approach to Public Policy and Loot Box Regulation

Addictive Behaviors, Forthcoming
Number of pages: 3 Posted: 04 Oct 2019
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 496 (96,108)

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Loot boxes, microtransactions, economics, psychology, public policy

8.

Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis

Quarterly Journal of Austrian Economics, Vol. 12, No. 4, pp. 3-21.
Number of pages: 19 Posted: 26 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 320 (158,345)
Citation 1

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Joseph Schumpeter, Capitalism, Socialism, Economic Evolution, Entrepreneurship, Ludwig von Mises

9.

Bridging the Gap between Entrepreneurship Teaching and Economics

Journal of Private Enterprise, Forthcoming
Number of pages: 19 Posted: 15 Aug 2015 Last Revised: 17 Nov 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 263 (193,983)

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economics of entrepreneurship; economic education; entrepreneurship education; undergraduate education

10.

Introduction: The Economic Theory of Costs in Perspective

The Economic Theory of Costs: Foundations and New Directions, edited by Matthew McCaffrey (Routledge, pp. 1-7), Forthcoming
Number of pages: 10 Posted: 26 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 258 (197,691)
Citation 1

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Cost Theory, History of Economic Thought, Austrian Economics, Causal-Realist Economics,Opportunity Costs, Demand, Income Effects, Production, Distribution, Risk and Uncertainty, Interest Rates, Monopsony, Post-Keynesianism, Transaction Costs, Socialism, Social Entrepreneurship

11.

A Theory of Entrepreneurship and Institutional Uncertainty

Journal of Business Venturing, Forthcoming
Number of pages: 46 Posted: 23 Jun 2017
Per L. Bylund, Per L. Bylund and Matthew McCaffrey
School of EntrepreneurshipRatio Institute and University of Manchester - Manchester Business School
Downloads 218 (232,742)
Citation 9

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entrepreneurship, uncertainty, institutions, judgment, regime uncertainty

12.

The Morals of Moral Hazard: A Contracts Approach

Business Ethics: A European Review, Forthcoming
Number of pages: 36 Posted: 24 Mar 2016 Last Revised: 18 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 217 (233,697)

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moral hazard, incentives, contracts, property rights, resource allocation, risk, uncertainty, entrepreneurship, expropriation

13.

Pure Theory and Progressive Liberalism: Frank Fetter and the Austrian Economists

Journal of Institutional Economics, Forthcoming
Number of pages: 42 Posted: 09 Sep 2018 Last Revised: 21 Sep 2018
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 199 (253,110)
Citation 4

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Frank A. Fetter, Austrian Economics, Historical and Institutional Economics, Classical Liberalism, Progressive Liberalism

14.

Breaking Out of the Kirznerian Box: A Reply to Sautet

Review of Austrian Economics, Forthcoming.
Number of pages: 31 Posted: 08 Jul 2021
University of Manchester - Manchester Business School, Copenhagen Business School - Department of Strategy and Innovation, Baylor University - Hankamer School of Business and Ludwig von Mises Institute
Downloads 198 (254,227)

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Entrepreneurship, theory of the firm, judgment, uncertainty, opportunity, ownership, Ludwig von Mises, Israel Kirzner

15.

The Economics of Peace and War in the Chinese Military Classics

Economics of Peace and Security Journal, Vol. 10, No. 1, pp. 23-31, 2015
Number of pages: 9 Posted: 29 Nov 2014 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 180 (276,681)

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Chinese history, military strategy, war finance, political economy of war, Art of War

16.

Book Review: 'The Evolution and Social Impact of Video Game Economics,' Edited by Casey B. Hart. Lexington (2017).

The Information Society, Forthcoming.
Number of pages: 11 Posted: 17 Feb 2020
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 179 (278,025)

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Video games, economics, microtransactions, critical theory

17.

Loot Boxes, Problem Gambling, and Problem Gaming: A Critical Review of the Emerging Literature

Communications of the Association for Information Systems, Forthcoming
Number of pages: 34 Posted: 20 Oct 2022 Last Revised: 23 Nov 2022
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 174 (285,113)

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Video games, loot boxes, problem gambling, problem gaming, economics, public policy

18.

'When Henry Met Fritz': Rules as Organizational Frameworks for Emergent Strategy Process

Journal of Management Inquiry, Forthcoming
Number of pages: 39 Posted: 21 Jun 2021
Nicolai J. Foss, Matthew McCaffrey and Carmen-Elena Dorobat
Copenhagen Business School - Department of Strategy and Innovation, University of Manchester - Manchester Business School and Manchester Metropolitan Business School, Strategy Enterprise and Sustainability
Downloads 174 (285,113)
Citation 1

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Henry Mintzberg, F.A. Hayek, organizational strategy, tacit knowledge, dispersed knowledge, design school, emergent strategy, strategy as rules

19.

Economic Policy and Entrepreneurship: Alertness or Judgment?

The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno, edited by Per Bylund and David Howden (Ludwig von Mises Institute, 2015).
Number of pages: 17 Posted: 19 Mar 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 163 (301,337)

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Entrepreneurship, economic policy, entrepreneurial incentives, alertness, judgment, Israel Kirzner, Ludwig von Mises, Joseph T. Salerno

20.

Incentives and the Economic Point of View: The Case of Popular Economics

Review of Social and Economic Issues, Vol. 1, No. 1, pp. 71-87.
Number of pages: 17 Posted: 27 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 163 (301,337)

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Incentives, Economic Law, Freakonomics, Value Judgments

21.

On the Theory of Entrepreneurial Incentives and Alertness

Entrepreneurship Theory and Practice, Vol. 38, No. 4, pp. 891-911, July 2014
Number of pages: 41 Posted: 13 Oct 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 157 (310,965)
Citation 2

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Alertness, Opportunity Discovery, Opportunity Creation, Judgment, Entrepreneurial Incentives, Israel Kirzner, Austrian Economics

22.

Böhm-Bawerk's Approach to Entrepreneurship

Journal of the History of Economic Thought, Vol. 36, No. 4, pp. 435-454, 2014
Number of pages: 36 Posted: 09 Nov 2014
Matthew McCaffrey and Joseph T. Salerno
University of Manchester - Manchester Business School and Ludwig von Mises Institute
Downloads 151 (321,332)
Citation 1

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Eugen von Böhm-Bawerk, Entrepreneurship, Profit, Loss, Uncertainty, Judgment, Austrian Economics

23.

Military Strategy and Unproductive Entrepreneurship in Warring States China

Management and Organizational History, Vol. 12, No. 2, pp. 99-118 (2017)
Number of pages: 36 Posted: 11 Apr 2017 Last Revised: 16 Jul 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 146 (330,163)

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institutions, unproductive entrepreneurship, military strategy, Warring States, Legalism

24.

Monopoly as a 'Culture-History Fact': Knight, Menger, and the Role of Institutions

Journal of Institutional Economics, Forthcoming
Number of pages: 35 Posted: 24 Jun 2021
Joseph T. Salerno, Carmen-Elena Dorobat and Matthew McCaffrey
Ludwig von Mises Institute, Manchester Metropolitan Business School, Strategy Enterprise and Sustainability and University of Manchester - Manchester Business School
Downloads 134 (353,194)

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Frank Knight, monopoly price, Carl Menger, institutions, Austrian economics

25.

What's Love Got to Do with It? Action, Exchange, and Gifts in Economic Theory

Quarterly Journal of Austrian Economics, Vol. 18, No. 2, pp. 210-221, 2015
Number of pages: 12 Posted: 29 Aug 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 133 (355,183)

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action, exchange, gifts, crime, love, distribution, praxeology, thymology, history of economic thought

26.

The Economics of Sun Pin's Military Strategy

Comparative Strategy, Vol. 35, No. 1, pp. 80-87, 2015
Number of pages: 19 Posted: 19 Dec 2014 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 130 (361,367)
Citation 1

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Sun Tzu, Sun Pin, political economy, incentive structures, entrepreneurship

27.

The Economic Meaning of Play: Ludology and Praxeology in Video Game Worlds

The Invisible Hand in Virtual Worlds: The Economic Order of Video Games, ed. Matthew McCaffrey (Cambridge: Cambridge University Press, 2021), Forthcoming.
Number of pages: 28 Posted: 02 Aug 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 123 (376,652)

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Praxeology, ludology, video games, virtual worlds, scarcity, choice, tradeoffs, opportunity costs, specialization, division of labor, trade, entrepreneurship

28.

Good Judgment, Good Luck: Frank Fetter's Neglected Theory of Entrepreneurship

Review of Political Economy, Vol. 28, No. 4, pp. 504-522.
Number of pages: 36 Posted: 08 Mar 2016 Last Revised: 22 Jun 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 119 (385,930)
Citation 3

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Frank Fetter, entrepreneurship, judgment, risk, uncertainty, capital, political economy

29.

Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework

Entrepreneurship Research Journal, forthcoming.
Number of pages: 44 Posted: 13 May 2021
Matthew McCaffrey and Ulrich Möller
University of Manchester - Manchester Business School and University of Bremen - Faculty of Business Studies and Economics
Downloads 111 (405,898)
Citation 2

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Austrian economics, resource-based view, capabilities theory, entrepreneurial judgment, theory of the firm, production, Viktor Mataja

30.

Economic Calculation and the Limits of Social Entrepreneurship

Forthcoming, The Economic Theory of Costs: Foundations and New Directions, edited by Matthew McCaffrey (Routledge, pp. 243-263); ISBN: 9781138670938
Number of pages: 32 Posted: 25 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 101 (434,025)

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entrepreneurship, social entrepreneurship, theory of the firm, economic calculation, Austrian economics, entrepreneurial judgment

31.

An Introduction to Value, Cost, and Price

Center for Market Education Edu Paper No. 5
Number of pages: 16 Posted: 18 Nov 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 92 (461,509)

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price theory, introductory economics, value, cost, price, subjectivism, causal-realism, Austrian economics

32.

Conflicting Views of the Entrepreneur in Turn-of-The-Century Vienna

History of Economics Review, Vol. 58, No. 2, pp. 27-43.
Number of pages: 17 Posted: 27 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 87 (477,680)
Citation 1

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Joseph Schumpeter, Rudolf Hilferding, Ludwig von Mises, Entrepreneurship, Economic Calculation, Capital Ownership

33.

The Influence of the Currency-Banking Dispute on Early Viennese Monetary Theory

Theory of Money and Fiduciary Media: Essays in Celebration of the Centennial (Ludwig von Mises Institute, 2012, pp. 127-165)
Number of pages: 39 Posted: 17 Sep 2014 Last Revised: 18 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 81 (498,802)

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Currency School, Banking School, monetary theory, money and banking, Rudolf Hilferding, Ludwig von Mises, Joseph Schumpeter, history of economic thought, Austrian economics

34.

Surveying Recent Literature on Economic Theory and Morality

Journal of Markets and Morality, Vol. 15, No. 1, pp. 179-200 (2012).
Number of pages: 22 Posted: 22 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 78 (509,958)

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economics and ethics, value freedom, value, exchange, economic growth, resource economics

35.

The Long Rehabilitation of Frank Fetter

Quarterly Journal of Austrian Economics, Forthcoming.
Number of pages: 34 Posted: 08 Jul 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 75 (521,463)

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Frank A. Fetter, Austrian economics, Ludwig von Mises, Murray N. Rothbard, subjectvism, marginalism, history of economic thought

36.

Five Erroneous Ways to Argue About Resource Economics

Quarterly Journal of Austrian Economics, Vol. 15, No. 1, pp. 120-142.
Number of pages: 23 Posted: 27 Aug 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 56 (606,188)

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Resource Economics, Environmentalism, Economic Development, Entrepreneurship, Uncertainty, Value Judgments, Rhetoric

37.

Extending the Economic Foundations of Entrepreneurship Research

European Management Review, Forthcoming
Number of pages: 28 Posted: 18 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 46 (660,846)

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Economics, Austrian Economics, Methodological Individualism, Uncertainty, Judgment, Opportunities, Social Enterprise

38.

The Practical Wisdom of Entrepreneurial Judgment

Handbook of Practical Wisdom in Business and Management, eds. Barry Schwartz, Caleb Bernacchio, César González-Cantón, and Angus Robson (Springer, 2022).
Number of pages: 16 Posted: 22 Sep 2022 Last Revised: 22 Feb 2023
Nicolai J. Foss, Mihai Vladimir Topan and Matthew McCaffrey
Copenhagen Business School - Department of Strategy and Innovation, Academy of Economic Studies, Bucharest and University of Manchester - Manchester Business School
Downloads 43 (678,821)

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entrepreneurship, judgment, uncertainty, economic calculation, institutions

39.

Book Review: Austrian Theory & Economic Organization: Reaching Beyond Free Market Boundaries

Quarterly Journal of Austrian Economics, Vol. 18, No. 3, pp. 368-379, Fall 2015
Number of pages: 12 Posted: 09 Jan 2016 Last Revised: 12 Jan 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 43 (678,821)
Citation 1

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Austrian economics, organization theory, economic calculation, Ludwig von Mises

40.

Mr. Smith Goes to Flatland: Institutions, Public Policy, and the Bossless Company

Journal of Entrepreneurship and Public Policy, Forthcoming.
Number of pages: 34 Posted: 05 Jul 2023
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 38 (711,207)

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entrepreneurship, organization, hierarchy, management, bossless firms, flat firms

41.

On Government Investment and Consumption

New Perspectives on Political Economy, Vol. 7, No. 2, pp. 163-176.
Number of pages: 14 Posted: 27 Aug 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 38 (711,207)

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Public Finance, Consumption, Investment, Value Judgments, Political Entrepreneurship

Other Papers (8)

Total Downloads: 499
1.

Book Review: 'Organizing Entrepreneurial Judgment: A New Approach to the Firm,' by Nicolai J. Foss and Peter G. Klein. Cambridge University Press (2012).

Organization Studies, Vol. 34, No. 7, pp. 1007-1011.
Number of pages: 3 Posted: 19 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 126

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Entrepreneurship, judgment, theory of the firm, Austrian economics, history of economic thought, Frank Knight, Ludwig von Mises

2.

Book Review: 'The Entrepreneur in History: From Medieval Merchant to Modern Business Leader,' by Mark Casson and Catherine Casson. Palgrave-Macmillan (2013).

Business History, Vol. 58, No. 4, pp. 604-606, 2016
Number of pages: 5 Posted: 23 Jan 2015 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 125

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entrepreneurship, economic history, entrepreneurial judgment, innovation, English history

3.

Book Review: 'The Nature and Essence of Economic Theory' by Joseph Schumpeter. Transaction (2010).

Journal of the History of Economic Thought, (2010) Vol. 33, No. 3, pp. 409-411.
Number of pages: 3 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 109

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Joseph Schumpeter, methodology, methodological individualism, comparative statics, psychology

4.

Book Review: 'The Econocracy: The Perils of Leaving Economics to the Experts.'

Management Learning, Forthcoming
Number of pages: 4 Posted: 15 Dec 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 35

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Econocracy, economics education, economic history, history of economic thought, public policy, education policy

5.

Book Review: 'The Economics of Edwin Chadwick: Incentives Matter,' by Robert B. Ekelund Jr. and Edward O. Price III. Edward Elgar (2012)

Quarterly Journal of Austrian Economics, Vol. 16, No. 2, pp. 247-252, Summer 2013
Number of pages: 6 Posted: 19 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 33

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Edwin Chadwick, history of economic thought, utilitarianism, public goods, incentives, moral hazard

6.

Book Review: 'The Austrian School: A History of its Ideas, Ambassadors, and Institutions,' by Eugen Maria Schulak and Herbert Unterköfler. Ludwig von Mises Institute (2011).

Journal of the History of Economic Thought, Vol. 34, No. 2, pp. 285-287.
Number of pages: 3 Posted: 18 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 26

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Austrian economics, history of economic thought, Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Ludwig von Mises, F.A. Hayek, Murray Rothbard

7.

Book Review: 'The Entrepreneurial Group: Social Identities, Relations, and Collective Action' by Martin Ruef. Princeton University Press (2010).

Journal of Entrepreneurship, Vol. 21, No. 1, pp. 163-165 (2012).
Number of pages: 4 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 24

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entrepreneurial groups

8.

Book Review: 'Non-Market Entrepreneurship: Interdisciplinary Approaches' edited by Gordon E. Shockley, Peter M. Frank, and Roger R. Stough. Edward Elgar (2008).

Quarterly Journal of Austrian Economics, (2010) Vol. 13, No. 4, pp. 80-86.
Number of pages: 7 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 21

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entrepreneurship, nonprofit entrepreneurship, non-market entrepreneurship, social entrepreneurship, alertness