Podnikání a vlastnická práva: Platí co je doma, to se počítá? (Entrepreneurship and Property Rights: A Matter of 'What is at Home, Counts'?)

18 Pages Posted: 20 Apr 2014 Last revised: 31 May 2014

See all articles by Tomáš Otáhal

Tomáš Otáhal

Mendel University - Faculty of Economics and Business Administration

Date Written: April 18, 2014

Abstract

Czech Abstract: Tento text vysvětluje teorii podnikatelského objevování v kontextu teorie vlastnických práv a zkoumá, jaký druh vlastnických práv je nezbytnou podmínkou pro aplikaci této teorie.

English Abstract: This paper is set to explain the theory of entrepreneurial discovery in the context of the theory of property rights and I investigate what kind of property rights are a necessary condition for the theory's appropriate application. First, the concept of the theory of entrepreneurial discovery originated by Israel M. Kirzner will be explained. Second, a model of entrepreneurial behavior will be developed based on the generalized concept of the theory of entrepreneurial discovery within neo-classical microeconomic framework. Third, the theory of property rights will be explained. Further, criticism of the neo-classical microeconomic framework will be applied to my model of entrepreneurial behavior. I found that property rights that allow entrepreneurs to make decisions about the allocation of scarce resources and the ones that allow them to receive pure profit, both represent a necessary institutional condition for entrepreneurial discovery.

Note: Downloadable document is in Czechoslovakian.

Keywords: Neo-Austrian school, New institutional economics, theory of entrepreneurial discovery, theory of property rights

JEL Classification: B25, D8, L26

Suggested Citation

Otáhal, Tomáš, Podnikání a vlastnická práva: Platí co je doma, to se počítá? (Entrepreneurship and Property Rights: A Matter of 'What is at Home, Counts'?) (April 18, 2014). Available at SSRN: https://ssrn.com/abstract=2426624 or http://dx.doi.org/10.2139/ssrn.2426624

Tomáš Otáhal (Contact Author)

Mendel University - Faculty of Economics and Business Administration ( email )

Staňkova 578/16b
Brno, 602 00
Czech Republic

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