Entrepreneurship:

Kirznerians and Rothbardians

  • Adriano Gianturco Gulisano
Keywords: Economic Theory, Entrepreneurship, Capitalist, Profit, Uncertainty, Austrian School, Kirzner, Rothbard, Schumpeter

Abstract

Kirznerian authors consider the pure entrepreneur an actor on alert that does not have some capital and discovers objective profit opportunities; different from Rothbardians, who claims the capitalist-entrepreneur as one who has capital, is subject to risk and seeks subjective opportunities. This article focuses on the active aspect of research and discovery, where opportunities are defined as such only when specifically explored. Better than anyone, the Kirznerian entrepreneur shows the feature of “arbitrage”, a dynamic concept formed by several successive instants in time, that goes from the perception to the enjoyment of a particular opportunity.

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Published
2013-12-01
How to Cite
1.
Gulisano AG. Entrepreneurship:. MisesJournal [Internet]. 2013Dec.1 [cited 2019Dec.12];1(2):459-74. Available from: https://revistamises.org.br/misesjournal/article/view/501
Section
Economics, Methodology and Praxiology