On clusters of entrepreneurs - an austrian approach to innovative milieu

Bruno Lecoq ()

ERSA conference papers from European Regional Science Association

Abstract: For the last 10 years, connections between economic geography, theory of innovation and the new theory of growth have produced substantial progress in the analysis of regional agglomeration. In this context, the theory on "innovative milieus" developed by the GREMI group has adressed a wide range of theoretical issues dealing with the dynamics of local production systems. The economic of innovative milieu has enables the study of links between technological innovation and geographical proximity proving that coordination problem of local economic agents is a central theoretical question in the major perspective of an economic analysis of territory as space of coordination. Innovative milieus are discovery procedures and refer to collective actions. The purpose of this paper is to explore the nature of innovative milieu from an entrepreneurial process. We consider that entrepreneurs are a critical element in the emergence and validity of innovative milieus. Four main concepts from Austrian Economics - Entrepreneurship, dicovery process, coordination and imagination - guide our reflection on innovative milieu. Keywords : Entrepreneurship, Entrepreneur, Discovery Process, Austrian Economics, Innovative Milieu, Coordination.

Date: 2002-08
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