2.5 Contestability & Entrepreneurship - Readings

Recommended Readings:

• Alchian, Armen A, 1950, “Uncertainty, Evolution, and Economic Theory”
• Baumol (1982), “Contestable Markets: An Uprising in the Theory of Industry Structure”
• Gigerenzer, Gerd, 2012, “What Can Economists Know?”], Institute for New Economic Thinking’s (INET) Paradigm Lost Conference, Berlin
• Hayek, Friedrich A, 1948, “The Meaning of Competition”, Chapter V in Individualism and Economic Order
• Kirzner, Israel M, 1973, Competition and Entrepreneurship
• Knight, Frank H, 1921, Risk, Uncertainty, and Profit
• Smith, Vernon, L, 2003, "Constructivist and Ecological Rationality in Economics (Nobel Prize Lecture)