Department of Management

A Tale of Two Kirzners: Time, Uncertainty and the "Nature" of Opportunities

Publication: Research - peer-reviewJournal article

This paper discusses the influence of Israel Kirzner on the field of entrepreneurship research. We review Kirzner’s work and argue that it contains two distinct approaches to entrepreneurship, termed Kirzner Mark I and Kirzner Mark II. Mark I with its focus on alertness and opportunity discovery has exerted a strong influence on entrepreneurship research in the last decade, and helped catapult the field forward. We propose that Mark II, with its emphasis on time, uncertainty and creative action in pursuit of imagined opportunities, complements the discovery view and can provide an alternative conceptual grounding for the decade to come.
Original languageEnglish
JournalEntrepreneurship: Theory and Practice
Volume40
Issue number4
Pages (from-to)867-889
Number of pages23
ISSN1042-2587
StatePublished - 2016

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