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.
|Title of host publication||DRUID Summer Conference 2006 on Knowledge Innovation and Competitiveness|
|Subtitle of host publication||Dynamics of Firms, Networks, Regions and Institutions, June 18-20 2006 : proceedings|
|Place of Publication||Copenhagen|
|Publisher||Danish Research Unit for Industrial Dynamics|
|Number of pages||20|
|Publication status||Published - 2006|
|Event||DRUID Summer Conference 2006 - Copenhagen|
Duration: 18 Jun 2006 → 20 Jun 2006
|Conference||DRUID Summer Conference 2006|
|Period||18/06/06 → 20/06/06|
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.