Author(s)

Xiaobin Peng

College of Economics, Jinan University, Guangzhou, China.

Based on the market process theory of the Austrian School of Economics, the article explores entrepreneurship in the market process, pointing out that market process is opposite to statics equilibrium. Under statics equilibrium, it is hard to analyze entrepreneurship by economics. Entrepreneurship only exists in the market process. The article argues that in market process, entrepreneurship is reflected in entrepreneur’ behavior, including undertaking the uncertainty of business, combining heterogeneous capital, building the structure of capital. Profit-driven entrepreneur unintentionally makes economic society progress. Entrepreneurship is not only relative with entrepreneur’s personal interest, but also economic society of the entire human.

Austrian School, Market Process, Entrepreneurship

Peng, X. (2019) Entrepreneurship in Market Process. Modern Economy, 10, 575-585. doi: 10.4236/me.2019.103039.