A Strategic and evolutionary perspective on entrepreneurial dynamics

reconciling Schumpeter with Kirzner

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Abstract

Nothing would seem to be more opposed than the Schumpeterian and Kirznerian conceptions of entrepreneurship – the one driving the economic system away from equilibrium, the other driving the system towards equilibrium. In this paper an original solution to this conundrum is offered, by focusing on different evolutionary processes operating simultaneously within the business system. Along the way, the paper sheds light on the nature of entrepreneurial dynamics, viewed from an evolutionary perspective, and their capacity to generate the variety that is the dominant characteristic of the resilient and innovative capitalist system.
Original languageEnglish
Title of host publicationDRUID Summer Conference 2006 on Knowledge Innovation and Competitiveness
Subtitle of host publicationDynamics of Firms, Networks, Regions and Institutions, June 18-20 2006 : proceedings
Place of PublicationCopenhagen
PublisherDanish Research Unit for Industrial Dynamics
Pages1-20
Number of pages20
Publication statusPublished - 2006
EventDRUID Summer Conference 2006 - Copenhagen
Duration: 18 Jun 200620 Jun 2006

Conference

ConferenceDRUID Summer Conference 2006
CityCopenhagen
Period18/06/0620/06/06

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    Mathews, J. (2006). A Strategic and evolutionary perspective on entrepreneurial dynamics: reconciling Schumpeter with Kirzner. In DRUID Summer Conference 2006 on Knowledge Innovation and Competitiveness: Dynamics of Firms, Networks, Regions and Institutions, June 18-20 2006 : proceedings (pp. 1-20). Copenhagen: Danish Research Unit for Industrial Dynamics.