Research Handbook on Austrian Economics in Management and Entrepreneurship

In this Research Handbook, global experts explore how the field of Austrian economics has been adopted and applied in management and entrepreneurship. They outline its current state in economic thinking, presenting a framework for understanding the market as a process motivated by subjective valuations. The authors investigate how the rich theories of Austrian economics can be used to advance management and entrepreneurship scholarship, as well as proposing potential applications beyond prior studies in this area. Contributors apply Austrian economics to contexts such as effectuation and the logic of action, women’s entrepreneurship, and agent-based modelling. They critically analyse and challenge the use of Austrian ideas in management and entrepreneurship and assess their theoretical and practical applications, as well as highlighting potential avenues for future research. Presenting valuable insights, this Research Handbook is an enlightening read for scholars and students of management and entrepreneurship, as well as economics and finance. Practitioners in business and policymakers will also benefit from its actionable advice.