The foundations of the theory of entrepreneurship in austrian economics – Menger and Böhm-Bawerk on the entrepreneur

Campagnolo, Gilles; Vivel, Christel

doi:10.3917/rpec.151.0049

Cited by 11 publications

(6 citation statements)

References 21 publications

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“…These goods are considered as economic goods and can enhance and stimulate the economy. This means that an entrepreneur is a person who can classify and distinguish between productive and unproductive economic goods using his skills from ideas, technology, collection of info, will-power, supervision of production to bring higher and more efficient goods (Campagnolo and Vivel, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

Egyptian small and medium sized enterprises’ battle against COVID-19 pandemic: March–July 2020

Zaazou

Salman

2021

JHASS

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Purpose The impact of COVID-19 outbreak freeze economic actors and hold innovative startups. This triggered the researchers to investigate the effect of the pandemic on small- and medium-sized enterprises (SMEs) in Egypt and how do these start-ups deal on the whole with this serious situation. Design/methodology/approach The research in hand used both qualitative and quantitative methods. It started first with semi-structured interview questions addressed to a number of participants, then a quantitative study took place, ending with conclusion and recommendations. Findings There is an agreement among all participants that entrepreneurs should always be flexible and seek for investments in innovation. However, there is a discrepancy among participants’ opinions regarding the measurements taken by the Egyptian Government post the pandemic outbreak. Research limitations/implications The field study results and the exploratory research results would have come out more accurate if it was not confined only to geographical limitation (Cairo Governorate). Practical implications The research in hand suggests that practical measurements should not only provide first aid to start-ups by alleviating the pressure caused by constrained cash flow but also consider long-term measures embedded in and supported by the wider entrepreneurial ecosystem to ensure start-ups rapid recovery and growth. Social implications SMEs attribute to social and economic change and have an impact on the local public and social services sector as a result of the business’s activities. Originality/value This study first illustrates the challenges entrepreneurs are facing because of the pandemic, then it presents how entrepreneurs are dealing with the effects of the crisis.

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Section: Literature Reviewmentioning

confidence: 99%

Egyptian small and medium sized enterprises’ battle against COVID-19 pandemic: March–July 2020

Zaazou

Salman

2021

JHASS

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“…Entrepreneurship as an academic discipline started with the Austrian school of economics whose founders were Menger, Wieser, and Schumpeter (Campagnolo & Vivel, 2014). It is interesting that while most other economics schools developed mathematical models, the theory of entrepreneurship and innovation of Joseph Schumpeter has never followed this direction (Pacher, 2014).…”

Section: Traditional Vs Computational Entrepreneurshipmentioning

confidence: 99%

Computational entrepreneurship: from economic complexities to interdisciplinary research

Vuong

2019

Problems and Perspectives in Management

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The development of technology is unbelievably rapid. From limited local networks to high speed Internet, from crude computing machines to powerful semi-conductors, the world had changed drastically compared to just a few decades ago. In the constantly renewing process of adapting to such an unnaturally high-entropy setting, innovations as well as entirely new concepts, were often born. In the business world, one such phenomenon was the creation of a new type of entrepreneurship. This paper proposes a new academic discipline of computational entrepreneurship, which centers on: (i) an exponentially growing (and less expensive) computing power, to the extent that almost everybody in a modern society can own and use that; (ii) omnipresent high-speed Internet connectivity, wired or wireless, representing our modern day’s economic connectomics; (iii) growing concern of exploiting “serendipity” for a strategic commercial advantage; and (iv) growing capabilities of lay people in performing calculations for their informed decisions in taking fast-moving entrepreneurial opportunities. Computational entrepreneurship has slowly become a new mode of operation for business ventures and will likely bring the academic discipline of entrepreneurship back to mainstream economics.

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“…Entrepreneurship as an academic discipline started with the Austrian school of economics whose founder were Menger, Wieser, and Schumpeter (Campagnolo & Vivel, 2014). It is interesting that while most other economics schools developed mathematical models, the theory of entrepreneurship and innovation of Joseph Schumpeter has never followed this direction (Pacher, 2014).…”

Section: Traditional Vs Computational Entrepreneurshipmentioning

confidence: 99%

The Rise of Computational Entrepreneurship

Vuong¹

2018

Preprint

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This short manuscript proposes a new academic discipline of computational entrepreneurship, which centers on: i) An exponentially growing (and less expensive) computing power, to the extent that almost everybody in a modern society can own and use that; ii) Omnipresent high-speed Internet connectivity, wired or wireless, representing our modern day’s economic connectomics; iii) Growing concern of exploiting “serendipity” for a strategic commercial advantage; and, iv) Growing capabilities of lay people in performing calculations for their informed decisions in taking fast-moving entrepreneurial opportunities.

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The foundations of the theory of entrepreneurship in austrian economics – Menger and Böhm-Bawerk on the entrepreneur

Cited by 11 publications

References 21 publications

Egyptian small and medium sized enterprises’ battle against COVID-19 pandemic: March–July 2020

Egyptian small and medium sized enterprises’ battle against COVID-19 pandemic: March–July 2020

Computational entrepreneurship: from economic complexities to interdisciplinary research

The Rise of Computational Entrepreneurship

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