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Entrepreneurship, Knowledge, Space, and Place: Evolutionary Economic Geography meets Austrian Economics

Erik Stam & J.G. Lambooy

Advances in Austrian Economics2012https://doi.org/10.1108/s1529-2134(2012)0000016007book-chapter
AJG 1
Weight
0.66

What the paper says

In a society with dispersed knowledge, entrepreneurs have to identify opportunities, recognize them as relevant, and match them with (demand) preferences, technological feasibilities, and their own skills. According to Austrian theory, this is done on a subjective basis: different people not only have different preferences but also different perceptions, interpretations, and understandings of values and feasibilities, which they adapt in mutual interaction and communication in specific contexts over their unique life courses (Nooteboom, 2000). Different minds think different things (Lachmann, 1978), and the entrepreneurial opportunities people perceive very much depend on their prior knowledge (Shane, 2000).

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https://doi.org/https://doi.org/10.1108/s1529-2134(2012)0000016007

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@article{erik2012,
  title        = {{Entrepreneurship, Knowledge, Space, and Place: Evolutionary Economic Geography meets Austrian Economics}},
  author       = {Erik Stam & J.G. Lambooy},
  journal      = {Advances in Austrian Economics},
  year         = {2012},
  doi          = {https://doi.org/https://doi.org/10.1108/s1529-2134(2012)0000016007},
}

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Entrepreneurship, Knowledge, Space, and Place: Evolutionary Economic Geography meets Austrian Economics

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Evidence weight

0.66

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.84 × 0.4 = 0.34
M · momentum0.65 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.