Economics at your fingertips  

Podnikatelství a konkurenční tržní proces v Rakouské škole a v díle J. A. Schumpetera

Entrepreneurship and the competitive market process in the Austrian school of economics and in the work of J. A. Schumpeter

Milan Říkovský

Politická ekonomie, 2004, vol. 2004, issue 2

Abstract: The aim of this paper is to introduce the market process as a central concept of Austrian economics as opposed to the general-equilibrium approach of the neoclassical school. In the first part the author shortly reviews the theme of entrepreneur and understanding of entrepreneurial function in the history of economic thought. In the second chapter the formation of the Austrian view of the market as an entrepreneurially driven process and simultaneous emergence of criticism of mainstream theory is explained. The chapter three describes the Austrian understanding of the market process based upon twin concepts of sheer ignorance and entrepreneurial discovery. The last chapter introduces the entrepreneurial market process theory of Schumpeter. Schumpeter's theory is subsequently compared with Kirzner's approach. The author also surveys and compares modern discussions about market process within the Austrian school of economics.

Keywords: competition; Austrian school; knowledge; equilibrium; disequilibrium; entrepreneur; information; market process; discovery (search for similar items in EconPapers)
JEL-codes: B21 B53 D50 (search for similar items in EconPapers)
Date: 2004
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3

Access Statistics for this article

Politická ekonomie is currently edited by Martin Mandel

More articles in Politická ekonomie from University of Economics, Prague Contact information at EDIRC.
Bibliographic data for series maintained by Frantisek Sokolovsky ().

Page updated 2020-01-02
Handle: RePEc:prg:jnlpol:v:2004:y:2004:i:2:id:459