The Alert and Creative Entrepreneur: A Clarification
15 Pages Posted: 26 Aug 2008 Last revised: 17 Apr 2019
Date Written: August 11, 2008
Israel M. Kirzner is the 2006 winner of The International Award for Entrepreneurship and Small Business Research (the FSF-Nutek Award). In this Prize Lecture he argues that a number of those who have commented on his work have misunderstood certain aspects of his theoretical system, and as a result the common distinction in the literature between "Schumpeterian" and "Kirznerian" entrepreneurs is flawed. He also argues that his understanding of the market process (set in motion by entrepreneurial decisions) provides a theoretical underpinning for public policy vis-a-vis entrepreneurship. Professor Kirzner's main contributions to the economics of entrepreneurship were also presented and evaluated by Douhan, Eliasson and Henrekson (2007).
Keywords: Austrian economics, Economic development, Entrepreneurship, Small business economics
JEL Classification: B49, B52, B53, O31
Suggested Citation: Suggested Citation