dc.contributor.author | Foss, Nicolai J., 1964- | eng |
dc.contributor.author | Foss, Kirsten | eng |
dc.contributor.author | Klein, Peter G. | eng |
dc.contributor.author | Klein, Sandra K. | eng |
dc.date.issued | 2002-11 | eng |
dc.description | Includes bibliographical references. | eng |
dc.description | "JEL Classification: B20 B53 D2" | eng |
dc.description | "20 December 2001" | eng |
dc.description | "Prepared for the Israel Kirzner Festschrift, Edited by Mario Rizzo (Special Issue of Journal des Economistes et des Etudes Humaines)" | eng |
dc.description.abstract | We outline an Austrian approach to economic organization based on the entrepreneur and the Austrian idea of capital as heterogeneous and time-dimensioned, two themes associated with Israel Kirzner's contributions. We provide a novel interpretation of capital heterogeneity based on the notion of attributes, argue that attributes are costly to measure and that this links directly to the theory of economic organization. In particular, we develop insights in economic organization based on the notion that entrepreneurs will often have to experiment with capital assets to gauge the value of these assets when deployed in production. | eng |
dc.identifier.uri | http://hdl.handle.net/10355/152 | eng |
dc.language | English | eng |
dc.relation.ispartofcollection | Agricultural Economics publications (MU) | eng |
dc.relation.ispartofcommunity | University of Missouri-Columbia. College of Agriculture, Food and Natural Resources. Division of Applied Social Sciences. Department of Agricultural Economics | eng |
dc.subject | capital-assets | eng |
dc.subject.lcsh | Austrian school of economics | eng |
dc.subject.lcsh | Capital | eng |
dc.subject.lcsh | Industrial organization (Economic theory) | eng |
dc.subject.lcsh | Entrepreneurship | eng |
dc.title | Heterogeneous Capital, Entrepreneurship, and Economic Organization | eng |
dc.type | Article | eng |