Leonid A. Tutov, Alexander A. Izmaylov Artificial Intelligence in the Service of Entrepreneurship – Position of the New Austrian Theory

DOI: 10.38050/2078-3809-2024-16-2-53--62

Abstract

The article is devoted to a review of research by representatives of the new Austrian theory (hereinafter – NAT), devoted to the use of artificial intelligence (hereinafter – AI) in business activities. The first part examines the position of NAT representatives regarding the possibility of replacing a human entrepreneur with artificial intelligence; the second part highlights the new opportunities that, according to NAT representatives, the use of AI as a new tool opens up for entrepreneurs.

Keywords: New Austrian theory, artificial intelligence, entrepreneurial discovery, tacit knowledge.

JEL: B40, B53.

For citation: Tutov, L.A., Izmaylov, A.A. (2024) Artificial Intelligence in the Service of Entrepreneurship – Position of the New Austrian Theory. Scientific Research of Faculty of Economics. Electronic Journal, vol. 16, no. 2, pp. 53-62. DOI: 10.38050/2078-3809-2024-16-2-53-62.

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