Entrepreneurship, Novel Combinations, Capital Regrouping, and the Structure-Agency Relationship: An introduction to the Special Issue on Innovation and Austrian Economics

Abstract

This introduction outlines some key aspects of an Austrian perspective on innovation, which is viewed as an ongoing, dynamic process in which entrepreneurs combine heterogeneous capital resources in new ways order to develop and deploy new technologies, products, and methods of business organisation. It goes on to introduce the contributions to this special issue on Austrian economics and innovation.

Keywords: Innovation, Austrian economics, Lachmann, capital, entrepreneurship, complexity, social rules

JEL Classification: B53, O3, O31, O33, O38