This paper looks at the Austrian School of Economics from the subjectivist perspective. It begins by reviewing the major architects in the Austrian School, Carl Menger, Ludwig von Mises, Friedrich A. Hayek, Murray N. Rothbard, Ludwig M. Lachmann and Isaac M. Kirzner. The paper then elucidates...

This paper utilises the contributions of A. Schutz and F. Hayek to understanding the entrepreneur's subjective interpretation, innovation and coordination. In terms of Schutz's phenomenology, this paper argues that intersubjectivity allows economic activities to be coordinated. When the...

Scholars in Austrian economics have amply criticised many aspects of neoclassical economics including methodology, development economics, monetary theory, public finance and comparative economic systems. Surprisingly, little has been said on the pure theory of international trade. This paper...

This paper integrates the concept of entrepreneurial leadership and capabilities theories with Austrian economics to explain the growth of the firm in emerging economies. It argues that entrepreneurial leadership provides a vision to the development of a new product or an organisation. The...