The influence of the Austrian school of economics in both entrepreneurship (Schumpeter, Kirzner, etc.; see Klein & Bylund, 2014) and strategy (see e.g. Jacobson's 1992 AMR) is undeniable. But what is Austrian economics really about? What has been its contribution over the past 150 years? And why is it, despite being marginalized in economics, still highly relevant in our business school disciplines?
I published a (very) short primer summarizing the Austrian perspective on the economy. It should be a great starting point for anyone looking to put the pieces together and contextualize the Austrian insights used in our discipline. It's short enough to read in only an afternoon. And it comes with a list of topical further readings if you want to dig deeper.
How to Think about the Economy: A Primer (2022) is free to download or $5 to buy in paperback. Find it at mises.org/primer .
Per Bylund
Literature referenced above:
Jacobson, R. (1992). The "Austrian" School of Strategy. The Academy of Management Review, 17(4), 782-807. http://www.jstor.org/stable/258808
Klein, P. G., & Bylund, P. L. (2014). The place of Austrian economics in contemporary entrepreneurship research. The Review of Austrian Economics, 27(3), 259-279.
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| PER L BYLUND | Associate Professor Johnny D. Pope Chair and Records-Johnston Professorship School of Entrepreneurship 424 Business Building | Stillwater, OK 74078 405-744-4301 | per.bylund@okstate.edu business.okstate.edu |
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