Entrepreneurship and Development: Cause or Consequence?

Advances in Austrian Economics, Vol. 6, pp. 67-88, 2003

25 Pages Posted: 10 Mar 2006 Last revised: 27 Feb 2012

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics; Mercatus Center at George Mason University

Christopher J. Coyne

George Mason University - Department of Economics; George Mason University - Mercatus Center

Date Written: November 1, 2010

Abstract

This paper discusses the inherent tension in the notion of entrepreneurship as developed by Ludwig von Mises and Israel Kirzner. Given that entrepreneurship is an omnipresent aspect of human action, it cannot also be the "cause" of economic development. Rather, for economic development to take place, certain institutions must be present in order for the entrepreneurial a spect of human action to flourish. After further developing this theoretical insight, an in-depth analysis of the institutions necessary for entrepreneurship are considered.

Keywords: Economic Development, Austrian Economics, Entrepreneurship

JEL Classification: O10, B53, M13

Suggested Citation

Boettke, Peter J. and Coyne, Christopher J., Entrepreneurship and Development: Cause or Consequence? (November 1, 2010). Advances in Austrian Economics, Vol. 6, pp. 67-88, 2003, Available at SSRN: https://ssrn.com/abstract=869770

Peter J. Boettke (Contact Author)

George Mason University - Department of Economics ( email )

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Christopher J. Coyne

George Mason University - Department of Economics ( email )

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HOME PAGE: http://www.ccoyne.com/

George Mason University - Mercatus Center ( email )

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HOME PAGE: http://ppe.mercatus.org/scholars/christopher-coyne

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