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Full Description
In this Research Handbook, global experts explore how the field of Austrian economics has been adopted and applied in management and entrepreneurship. They outline its current state in economic thinking, presenting a framework for understanding the market as a process motivated by subjective valuations.
The authors investigate how the rich theories of Austrian economics can be used to advance management and entrepreneurship scholarship, as well as proposing potential applications beyond prior studies in this area. Contributors apply Austrian economics to contexts such as effectuation and the logic of action, women's entrepreneurship, and agent-based modelling. They critically analyse and challenge the use of Austrian ideas in management and entrepreneurship and assess their theoretical and practical applications, as well as highlighting potential avenues for future research.
Presenting valuable insights, this Research Handbook is an enlightening read for scholars and students of management and entrepreneurship, as well as economics and finance. Practitioners in business and policymakers will also benefit from its actionable advice.
Contents
Contents
1 Introduction: Austrian economics in management and
entrepreneurship 1
Vishal K. Gupta and Per L. Bylund
2 Effectuation and the logic of action: critical assessment from a
praxeological perspective 9
Per L. Bylund and Vishal K. Gupta
3 Quasi-markets: a promising area for Austrian economic research 39
Niklas Elert and Magnus Henrekson
4 Connecting Austrian economics and women's entrepreneurship:
gender capital in action 65
Christine Woods
5 The Austrian school of strategy revisited 89
Mark D. Packard
6 Ecosystems, capital structure, and entrepreneurial action 113
Magnus Holmén, Rögnvaldur J. Saemundsson and Håkan Knutsson
7 Innovation: bridges between management and the Austrian school
131
Fernando A. M. C. D'Andrea
8 Psychic profit, entrepreneurial judgment, and hybrid
organizations 153
Mihai Vladimir Topan, Matthew McCaffrey and Carmen-
Elena Dorobat
9 Agent-based modeling for Austrian perspectives in management
and entrepreneurship research 180
Friederike Wall
10 Understanding the scholarly impact of Robert Jacobson's (1992)
"The 'Austrian' School of Strategy": a citation context study 216
Athina Skiadopoulou, Sanjay Chaudhary and Vishal K. Gupta
11 On imagination, complexity, dynamism, uncertainty, and
indeterminacy: a gathering of and meditation on the kaleidic
"bones" of entrepreneurship 249
Todd H. Chiles and Mark D. Packard
