Competition and Entrepreneurship¶
Kirzner, I. M. (1973). Competition and Entrepreneurship. University of Chicago Press.
Cited by¶
5 citations across 5 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Alertness
- In Austrian economics, Kirznerian alertness is the entrepreneurial faculty of noticing profit opportunities others have walked past — treated as the constitutive entrepreneurial trait, distinct from search or optimisation.
This sourceDefines entrepreneurial alertness — the faculty of noticing profit opportunities others have overlooked — as the constitutive entrepreneurial trait, distinct from search or optimization.
- In Austrian economics, Kirznerian alertness is the entrepreneurial faculty of noticing profit opportunities others have walked past — treated as the constitutive entrepreneurial trait, distinct from search or optimisation.
- Arbitrage (Finance)
- Kirzner (1973), in his theory of competition and entrepreneurship, frames arbitrage itself as the entrepreneurial act of discovering and acting on previously unnoticed price discrepancies—a socially productive form of alertness that drives markets toward equilibrium, sharply distinct from rent-extraction strategies that exploit other participants' execution paths rather than discover genuine mispricings.
This sourceDevelops the entrepreneurial-discovery theory of markets: arbitrage is the alert recognition and exploitation of previously unnoticed price discrepancies, a socially productive coordination process that drives markets toward equilibrium.
- Kirzner (1973), in his theory of competition and entrepreneurship, frames arbitrage itself as the entrepreneurial act of discovering and acting on previously unnoticed price discrepancies—a socially productive form of alertness that drives markets toward equilibrium, sharply distinct from rent-extraction strategies that exploit other participants' execution paths rather than discover genuine mispricings.
- Arbitrage (Generalized)
- As Kirzner (1973) argues, the entrepreneur is fundamentally an arbitrageur: alert to gaps in others' knowledge of valuations, and the discovery–exploitation of those gaps is what drives the market process.
This sourceDevelops the entrepreneurial-discovery theory of markets: arbitrage is the alert recognition and exploitation of previously unnoticed price discrepancies, a socially productive coordination process that drives markets toward equilibrium.
- As Kirzner (1973) argues, the entrepreneur is fundamentally an arbitrageur: alert to gaps in others' knowledge of valuations, and the discovery–exploitation of those gaps is what drives the market process.
- Price Mechanism
- Kirzner's 1973 Competition and Entrepreneurship formalized entrepreneurial discovery as profit-driven information search within markets
This sourceDevelops the entrepreneurial-discovery theory of markets: arbitrage is the alert recognition and exploitation of previously unnoticed price discrepancies, a socially productive coordination process that drives markets toward equilibrium.
- Kirzner's 1973 Competition and Entrepreneurship formalized entrepreneurial discovery as profit-driven information search within markets
Domain-specific¶
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