Austrian economics and entrepreneurial studies have both expanded greatly in the last twenty or thirty years. Unfortunately, they have developed more or less independently of each other. Austrian economics has enjoyed a revival since 1973 or 1974. In 1973, Israel Kirzner published his classic...

Since the works by Ludwig von Mises and F.A. von Hayek in the 1920s, the Austrian School of Economics has developed a unique analysis of how the interventions by governments may cause problems, which in turn may lead to calls for further intervention. The Austrian concept of how such a dynamic...