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Home » Entrepreneurship » Entrepreneurship

Praxeological Entrepreneurship

Source: www.constitution.org
Topic: Entrepreneurship

Sort Desciption: history of entrepreneurship in Austrian economics and then describes Cowens views. ..... I define a concept of entrepreneurship as praxeological only if it ...

Content Inside: Praxeological Entrepreneurship J. Patrick Gunning Department of Economics Feng Chia University 100 Wenhwa Road Seatwen Taichung Taiwan 407 R.O.C. Email: gunning@fcu.edu.tw. Homepages: http://knight.fcu.edu.tw/gunning/welcome.h tm http://www.constitution.org/pd/gunning/wel come.htm Praxeological Entrepreneurship November 8 2004 Abstract This paper describes a concept of the praxeological entrepreneur that is derived from Ludwig von Misess prerequisites and properties of action. It is a response to a claim by Tyler Cowen that Austrian economics should seek inspiration for such a concept in poetry or more specifically in the writings of G. L. S. Shackle. The paper claims instead that Austrian economics should seek its inspiration in the writings of Mises. The paper presents a brief history of entrepreneurship in Austrian economics and then describes Cowens views. This is followed by a discussion of Mises on the concepts of action uncertainty and modeling. The last two parts of the paper outline the concept of praxeological entrepreneurship as it has developed in the authors published works and works in progress. The paper ends with a brief discussion about the practice of Austrian economics today. Praxeological Entrepreneurship I recently attended a symposium on Austrian Economics at which few of the academic participants understood either the basic fine points of Misesian contributions or the value of his carefully selected terms and definitions.Some unaware of the basic contributions of Mises were eager to pass him by and use the terms ideas and methodologies popular in our academic world to promote what they considered Austrian economics. Finding the teachings of Mises so poorly understood and appreciated I was moved to exclaim You have to come up to Mises before you can go beyond him. A few applauded but the majority paid little heed. As our economic problems deepen there is a growing interest in Austrian economics but unfortunately f ...

history of entrepreneurship, praxeological entrepreneurship

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