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
Date Written: April 18, 2014
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: Suggested Citation