New contributions to the entrepreneurial theory of social and cultural change




entrepreneurship, social and cultural change, knowledge, economic calculation, social bond


This paper combines the theoretical framework developed by Coyne and Boettke (2009) about an entrepreneurial theory of social and cultural change, with the contributions of Huerta de Soto (2010) about the impossibility of economic calculation in socialism. With this synthesis, the entrepreneurial theory of social and cultural change is reinforced to (1) refute any political action aimed to achieve social and cultural changes, and (2) to claim the entrepreneur as the driving force of all social phenomena. The paper concludes that, as in the market sphere, the government cannot effectively implement policies oriented to social and cultural change, since it cannot acquire the knowledge necessary to plan society and social relationships.


Download data is not yet available.


Metrics Loading ...

Author Biography

Vicente Moreno Casas, Universidad Loyola Andalucía

Economics student at Loyola University, Spain. Interested in Austrian Economics and its connection with Feminist Economics and sociology.


COYNE, Christopher; BOETTKE, Peter J. An Entrepreneurial Theory of Social and Cultural Change. In: PÉREZDÍAZ, Victor. Markets and Civil Society: The European Experience in Comparative Perspective. New York: Berghahn Books, 2009.

COYNE, Christopher; SOBEL, Russell S; DOVE, John A. The non-productive entrepreneurial process. Review of Austrian Economics, v. 23, 2010.

HAYEK, Friedrich August von. Individualism and Economic Order. Chicago: The University of Chicago Press, 1948.

HAYEK, Friedrich August von. Law, Legislation and Liberty: A new statement of the liberal principles of justice and political economy. London: Routledge, 1998.

HAYEK, Friedrich August von. The Fatal Conceit: The Errors of Socialism. London: Routledge, 1992.

HOLCOMBE, Randall G. Political entrepreneurship and the democratic allocation of economic resources. Review of Austrian Economics, v. 15, 2002.

HOPPE, Hans-Hernmann. Democracy: the God that Failed. New Brunswick: Transaction Publishers, 2001.

HUERTA DE SOTO, Jesús. Socialism, Economic Calculation and Entrepreneurship. Cheltenham: Edward Elgar, 2010.

KIRZNER, Israel M. Competition and Entrepreneurship. Chicago: The University of Chicago Press, 1973.

KLEIN, Peter G. The Capitalist and the Entrepreneur: Essays on Organizations and Markets. Auburn: The Ludwig von Mises Institute, 2010.

MCCAFFREY, Matthew; SALERNO, Joseph T. A Theory of Political Entrepreneurship. Modern Economy. v. 2, 2011.

MISES, Ludwig von. Human Action: A Treatise on Economics. Auburn: The Ludwig von Mises Institute, 1998.

MISES, Ludwig von. Socialism: an Economic and Sociological Analysis. New Haven: Yale University Press, 1951.

MISES, Ludwig von. The Theory of Money and Credit. Auburn: The Ludwig von Mises Institute, 2009.

SABATER-MIR, Jordi; SIERRA, Carles. Reputation and social network analysis in multi-agent systems. Proceedings of the International Conference on Autonomous Agents, p.475-482, 2002.

SCHELLING, Thomas C. The Strategy of Conflict. New York: Oxford University Press, 1960.




How to Cite

Moreno Casas V. New contributions to the entrepreneurial theory of social and cultural change. MisesJournal [Internet]. 2020 May 17 [cited 2024 Apr. 14];8. Available from:



Original Research Articles