The Philosophy of Economics: The Market as a Creative Process

By J. Buchanan, Viktor Vanberg. 2007

267 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7b1e0bdb1d99d92dabbe82a11519abecce0503e1

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In Economics and Econometrics

Citations in the corpus

Outlines of a behavioral theory of the entrepreneurial firm (2008, background): “The transformation from non-existent to risky distributions has been consistently conceptualized in the literature as a product of entrepreneurial behavior (Buchanan and Vanberg, 1991), yet the technology of prediction provides no theoretical “solution” to Knightian uncertainty.”
Market imperfections, opportunity and sustainable entrepreneurship (2007, background): “The creative view (tied to opportunity creation) suggests that entrepreneurs seek to maximize the utility functions of multiple stakeholders and that opportunities can only truly be identified ex-post (Buchanan and Vanberg, 1991; Sarasvathy et al., 2003).”
Imagination and Creativity in Organizations (2018, background): “The economists Shackle (1979) and Buchanan and Vanberg (1991) have been influential in the field; they recognise that uncertainty, which is at the root of all future expectations, provides entrepreneurs an impetus to develop hitherto unexplored visions of the future, such that entrepreneurial…”
Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective (2007, background): “This view of active creation of opportunities is related to Buchanan and Vanberg (1991) who explore parallels between economics and complex systems theory.”
What to Do Next? The Case for Non-Predictive Strategy (2006, unknown): “In biology, economics and social philosophy, analyses of this type of uncertainty consistently conceptualize it as a product of purposeful human creative action (Lewontin, 1992; Buchanan and Vanberg, 1991; Joas, 1996).”
Prediction and control under uncertainty: Outcomes in angel investing (2009, unknown): “…probability (the domain of predictive decision technologies); the third type of uncertainty might instead be conceptualized as a product of purposeful human creative action (Buchanan and Vanberg, 1991; Lewontin, 1992; Joas, 1996) involving techniques of non-predictive control (Sarasvathy, 2001a).”
The recognition of first time international entrepreneurial opportunities (2009, background): “This perspective is related to the portrayal of a market as a creative process in the face of a non-existent, hard-to-predict future ( Buchanan and Vanberg, 1991”
Three Views of Entrepreneurial Opportunity (2003, unknown): “Joas (1996) and Buchanan and Vanberg (1991) are not isolated in their exhortation to scholars to pursue this line of inquiry.”
Resources, Capabilities and Entrepreneurial Perceptions (2007, unknown): “…create economically profitable opportunities through their interactions with customers, technologies, and other stakeholders (Ardichvili et al., 2003; Buchanan and Vanberg, 1991; Busenitz, 1996; Gifford, 1992, 1998; Kaish and Gilad, 1991; Minniti, 2004; Sorensen and Sorenson, 2003; Yu, 2001).”