Capital, Entrepreneurship and Management

A New Austrian Theory of Organizations

Thierry Aimar

$305

Hardback

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English

Routledge
31 January 2025

Economic theory & philosophy; Economics of industrial organisation; Political economy; Entrepreneurship; Organisational theory & behaviour

Series: Routledge Frontiers of Political Economy

Economic and organizational literature has long separated the figure of the capitalist and the manager, but it often continues to assimilate that of the capitalist and the entrepreneur around the notion of risk-bearing. Yet confusion between the two prevents any understanding of the essence of capitalism and delivers an erroneous and negative image of the private corporation.

Taking care to distinguish individuals and functions, creators and beneficiaries of revenues, this book examines the respective places of both entrepreneurs and capitalists within the organization. It considers where these roles come into partnership and conflict, demonstrating the circumstances in which entrepreneur and capitalist interests can diverge. It also explores under what circumstances corporate capitalists can impede the efficiency of market mechanisms and shows that in certain kinds of organizations, managers can be the real entrepreneurs. We also explore the consequences on the institutional environment of the relations between entrepreneurs, capitalists and managers within the organization and propose an original approach to the theme of the destructive entrepreneur.

The book will be of great interest to readers of economic organization, corporate governance and entrepreneurship.

By: Thierry Aimar
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 420g
ISBN: 9781032441948
ISBN 10: 1032441941
Series: Routledge Frontiers of Political Economy
Pages: 136
Publication Date: 31 January 2025
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Thierry Aimar is an Assistant Professor of Economics at the University of Lorraine (BETA) and Sciences Po Paris. He specializes in the Austrian School, Entrepreneurship, Corporate Governance and Market Systems.