Perception, Opportunity and Profit

E303278

Perception, Opportunity and Profit is a seminal work in Austrian economics by Israel Kirzner that analyzes the role of entrepreneurial discovery in market processes and profit generation.

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Statements (41)

Predicate Object
instanceOf book ⓘ
work in Austrian economics ⓘ
academicDiscipline economics ⓘ
academicSubDiscipline Austrian School ⓘ
entrepreneurship studies ⓘ
arguesThat entrepreneurial discovery drives market coordination ⓘ
market processes are dynamic and open-ended ⓘ
profit arises from entrepreneurial alertness to previously unnoticed opportunities ⓘ
author Israel Kirzner ⓘ
contributionTo market process theory ⓘ
theory of entrepreneurship ⓘ
theory of profit ⓘ
critiques equilibrium-focused views of markets ⓘ
purely mechanistic models of competition ⓘ
describedAs major contribution to entrepreneurial theory ⓘ
seminal work in Austrian economics ⓘ
emphasizes alertness as a key entrepreneurial trait ⓘ
knowledge and information in markets ⓘ
subjective perception of opportunities ⓘ
focusesOn coordination function of entrepreneurship ⓘ
process of discovery of profit opportunities ⓘ
role of the entrepreneur in markets ⓘ
hasKeyConcept discovery process ⓘ
entrepreneurial alertness ⓘ
market coordination ⓘ
profit as a signal of discovery ⓘ
influenced modern entrepreneurship theory in Austrian economics ⓘ
research on market process and discovery ⓘ
influencedBy Austrian subjectivist tradition ⓘ
Friedrich Hayek ⓘ
Ludwig von Mises ⓘ
language English ⓘ
mainSubject Austrian economics ⓘ
entrepreneurial discovery ⓘ
entrepreneurship ⓘ
market process ⓘ
profit ⓘ
placesEntrepreneurAs central figure in market adjustment ⓘ
theoreticalFramework Austrian School of economics ⓘ
viewsMarketAs process of continual discovery and adjustment ⓘ
viewsProfitAs result of correcting market errors ⓘ

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Israel Kirzner → notableWork → Perception, Opportunity and Profit ⓘ
Israel Kirzner → notableWork → Perception, Opportunity and Profit ⓘ
subject linked to: Kirzner
Discovery and the Capitalist Process → relatedWork → Perception, Opportunity, and Profit ⓘ
linked to: Perception, Opportunity and Profit