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Index
Cover Image
Title Page
Copyright
Dedication
Contents
Foreword by Doug French
Introduction
1. Economic Calculation and the Limits of Organization
The Textbook Theory of the Firm
Coase and Transaction Costs
Economic Calculation and the Limits to Firm Size
Alternative Austrian Approaches
Conclusion
2. Entrepreneurship and Corporate Governance
Limits of the Standard Approach to the Firm
Two Alternative Perspectives
The Contractual Approach
Building Blocks of an Austrian Theory of the Firm
Capital Markets
Toward an Austrian Theory of Corporate Governance
Conclusions
3. Do Entrepreneurs Make Predictable Mistakes?
Entrepreneurship, Profit, and Loss
Mergers, Sell-offs, and Efficiency: Theory and Evidence
Are Divestitures Predictable? Evidence from a Duration Study
Conclusions
4. The Entrepreneurial Organization of Heterogeneous Capital
Entrepreneurship, Judgment, and Asset Ownership
Capital Theory and the Theory of the Firm
The Attributes Approach to Capital Heterogeneity
Organizing Heterogeneous Capital
Concluding Discussion
5. Opportunity Discovery and Entrepreneurial Action
Entrepreneurship: Occupational, Structural, and Functional Perspectives
Entrepreneurship as Opportunity Identification
Entrepreneurial Action, Heterogeneous Capital, and Economic Organization
Applications of Entrepreneurial Action
Summary and Conclusions
6. Risk, Uncertainty, and Economic Organization
Knight, Mises, and Mises on Probability
Uncertainty and the Entrepreneur
Conclusion
7. Price Theory and Austrian Economics
Central Themes of Austrian Economics Before 1974
Equilibrium in Austrian Price Theory
Knowledge, Expectations, and the Convergence to Equilibrium
A New Way Forward for Austrian Economics: Developing Austrian Price Theory
8. Commentary
A Government Did Invent the Internet, But the Market Made it Glorious
B Networks, Social Production, and Private Property
C Why Intellectuals Still Support Socialism
D Management Theory and the Business Cycle
E Menger the Revolutionary
F Hayek the Innovator
G Williamson and the Austrians
References
Notes
Index
About the Author
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