Quarterly Journal of Austrian Economics

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Entrepreneurial Empowerment: You Are Only as Good as Your Employees

Calculation and KnowledgeEntrepreneurship

02/10/2021Quarterly Journal of Austrian Economics
Successful entrepreneurial leaders play a central role in empowering employees to use their localized knowledge.
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qjae_23_3-4_ng.pdf

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Turning the Word Upside Down: How Cantillon Redefined the Entrepreneur

The EntrepreneurCantillon

02/06/2021Quarterly Journal of Austrian Economics
The word entrepreneur originally meant someone who is active, risky, and even violent. Richard Cantillon changed both the meaning of the word, and our ideas of what entrepreneurs are.
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Austrian Economics and Organizational Entrepreneurship: A Typology

Austrian Economics OverviewEntrepreneurshipHistory of the Austrian School of Economics

12/28/2020Quarterly Journal of Austrian Economics
This new typology of numerous strands of Austrian (and Austrian-related) economics provides some essential insights into the field of entrepreneurship and organization economics.
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The Puzzle of Prison Order: Why Life Behind Bars Varies Around the World

Legal SystemMedia and Culture

12/24/2020Quarterly Journal of Austrian Economics
Christopher Calton reviews David Skarbek's insightful book on prison social order, which shows how informal governance systems form and operate in a surprising environment.
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The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century

Business Cycles

12/23/2020Quarterly Journal of Austrian Economics
The Skyscraper Index, as Mark Thornton shows, links record-breaking building construction with the business cycle, in a way consistent with Austrian business cycle theory.
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From the War on Poverty to the War on Crime: The Making of Mass Incarceration in America

StrategyU.S. History

12/18/2020Quarterly Journal of Austrian Economics
Tate Fegley reviews Elizabeth Hinton's book on mass incarceration, finding in it a good overview of US criminal justice from Kennedy to Reagan, but no clear, discernible thesis.
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A Dynamic Model of Entrepreneurial Opportunity: Ingetrating Kirzner's and Mises's Approaches to Entrepreneurial Action

Entrepreneurship

12/14/2020Quarterly Journal of Austrian Economics
This paper introduces, through two longitudinal case studies, a more dynamic understanding of opportunities. This generates novel insights about how entrepreneurs view opportunities.
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Why (a Theory of) Opportunity Matters: Refining the Austrian View of Entrepreneurial Discovery

EntrepreneurshipProduction Theory

12/14/2020Quarterly Journal of Austrian Economics
Just as markets can be described as price discovery procedures for existing goods, services, and resources, entrepreneurship can be usefully described as a price discovery procedure for future goods, services, and resources.
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A Subjectivist Approach to Team Entrepreneurship

EntrepreneurshipSubjectivism

12/11/2020Quarterly Journal of Austrian Economics
This article theoretically refines and empirically extends the subjectivist approach to team entrepreneurship, finding that positive internal and external team dynamics contribute to team effectiveness.
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Institutions and Entrepreneurship: Pushing the Boundaries

EntrepreneurshipSubjectivism

12/11/2020Quarterly Journal of Austrian Economics
This article discusses the complementarities between New Institutional Economics and Austrian economics, which can advance our understanding of the relationship between institutions and entrepreneurship.
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