A Socially Situated Praxeological Approach to Entrepreneurship

Gabriel A. Giménez-Roche
Additional contact information
Gabriel A. Giménez-Roche: Gabriel A. Giménez-Roche is Professor of Economics and Head of the Economics Department, Champagne School of Management at Troyes, France
Authors registered in the RePEc Author Service: Gabriel A. Giménez Roche

Journal of Entrepreneurship and Innovation in Emerging Economies, 2011, vol. 20, issue 2, 159-187

Abstract: What is the precise nature of entrepreneurial action in economic and business analyses? Moreover, what is the relationship between the entrepreneur’s action and the socio-institutional environment where this action takes place? The difficulty in specifying the nature of the entrepreneurial act and its interaction with the socio-institutional environment is to be found in the lack of development of an actual theory of action, in which entrepreneurship can be contextualised. This article aims at the delineation of a socially situated action theory to be used in the analysis of entrepreneurship. One of the main results of using the action theory developed in this study is that entrepreneurial action is defined by its institutional autonomy within society. This leads to the conclusion that entrepreneurial action is a tridimensional praxeological phenomenon, which integrates profit-seeking, uncertainty-bearing and ultimate power of decision-making in the one person of the acting entrepreneur.

Keywords: decision-making; economic calculation; entrepreneurship; praxeology; profit-seeking; uncertainty-bearing (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/097135571102000201 (text/html)

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: https://EconPapers.repec.org/RePEc:sae:jouent:v:20:y:2011:i:2:p:159-187

DOI: 10.1177/097135571102000201

Access Statistics for this article

More articles in Journal of Entrepreneurship and Innovation in Emerging Economies from Entrepreneurship Development Institute of India
Bibliographic data for series maintained by SAGE Publications ().