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Discovery or ownership? A new light on an Austrian controversy over entrepreneurship

Abstract : This article delivers an original analysis of an Austrian controversy between Rothbard and Kirzner about the relationship between entrepreneurship and capital ownership: in real-world markets, must the entrepreneur be a capitalist or not? The two authors were opposed to each other on that issue. Here, we will take a new look at existing literature by proposing a review of the key terms used in the debate. The thesis we defend here is that Rothbard and Kirzner were suffering from a mutual conceptual misunderstanding. Thus, taking an original view aims to steer the debate to a positive outcome and to reconsider the Austrian relationship between entrepreneurship, ownership and exploitation of capital.
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https://hal.univ-lorraine.fr/hal-03209497
Contributor : Touria Bagard <>
Submitted on : Tuesday, April 27, 2021 - 11:31:03 AM
Last modification on : Thursday, April 29, 2021 - 3:49:56 PM

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Thierry Aimar. Discovery or ownership? A new light on an Austrian controversy over entrepreneurship. Cambridge Journal of Economics, Oxford University Press (OUP), 2021, ⟨10.1093/cje/beab001⟩. ⟨hal-03209497⟩

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