Austrian economics and entrepreneurial studies have both expanded greatly in the last twenty or thirty years. Unfortunately, they have developed more or less independently of each other. Austrian economics has enjoyed a revival since 1973 or 1974. In 1973, Israel Kirzner published his classic book, "Competition and Entrepreneurship", which outlined an entrepreneurial theory of the market process. In 1974, F. A. Hayek was awarded the Nobel Memorial Prize in Economics. The same year saw the famous South Royalton conference, which is the traditional origin of the "Austrian revival." The intellectual history of entrepreneurial studies reaches back at least as far as Richard Cantillon (1755).As an intellectual movement, however, entrepreneurial studies began about the same time as the Austrian revival. The beginnings of the entrepreneurship movement might be dated to sometime before 1978 when Babson College established its Center for Entrepreneurial Studies, the first such center in the US. In all this time, however, there has been limited exchange between Austrian economics and entrepreneurial studies.It is high time we expand trade across the border between Austrian economics and entrepreneurial studies.
...Seventeen papers contribute to a dialogue between Austrian economics and entrepreneurial studies. Journal of Economic Literature, 2004
Editors' introduction. Gains from trade between Austrian economics and entrepreneurial studies: An introduction to the volume (R. Koppl). Entrepreneurship studies: A stocktaking (M. Minniti). Entrepreneurship, industry evolution and economic growth (D. B. Audretsch, A. R. Thurik). On Austrian analysis of entrepreneurship and my Own (W.J. Baumol). Entrepreneurship and development: cause or consequence? (P. J. Boettke, C. J. Coyne). Differentiation and continuity in the market economy (G. B. Richardson). Entrepreneurship and the generation of knowledge (W.N. Butos). The entrepreneur as a constructor of connections (P.E. Earl). Market opportunity and organizational grind: The two sides of entrepreneurship (U. Witt). The business firm as a hybrid Hayekian order: What is the role of the entrepreneur? (S. Ioannides). Information, entrepreneurship, and economic progress (R. G. Holcombe). Schumpeter symposium: The entrepreneur at a crucial juncture in Schumpeter's work: Schumpeter's 1928 handbook entry Entrepreneur (M. C. Becker, T. Knudsen). "Entrepreneur" translated by Markus C. Becker and Thorbjorn Knudsen (J. A. Schumpeter). Schumpeter's "entrepreneur"in historical context (G.M. Hodgson). A translation too faithful? (N.W. Balabkins). Schumpeter on entrepreneur (Y. B. Choi). Schumpeter's "entrepreneur" and why we need economic sociology (R. Swedberg). Schumpeter and the obsolescence of the entrepreneur (R. N. Langlois).