How Entrepreneurs Learn: A Practical Interpretation

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2001

Author

Oğuz, Fuat

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Entrepreneurial learning processes have begun to take an important place in the economics literature. In this work, we discuss the Kirznerian theory of entrepreneurship and the place of learning in this theory. We criticize Israel Kirzner for lack of a learning mechanism in entrepreneurial discovery procedures. Two important recent contributions to Kirznerian theory by Yong Back Choi and David Harper do not satisfactorily provide a learning mechanism that drives the market process. Having discussed these contributions with an interpretive approach, we introduce a practical learning mechanism for entrepreneurial activity.

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/128
https://hdl.handle.net/11511/58561

Journal

ODTÜ Gelişme Dergisi

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Department of Economics, Article

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Citation Formats

F. Oğuz, “How Entrepreneurs Learn: A Practical Interpretation,” ODTÜ Gelişme Dergisi, vol. 28, no. 1, pp. 183–202, 2001, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/128.