Matthew McCaffrey

University of Manchester - Manchester Business School

Lecturer

United Kingdom

SCHOLARLY PAPERS

38

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SSRN CITATIONS
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Top 14,261

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37

CROSSREF CITATIONS

45

Scholarly Papers (38)

1.

The Macro Problem of Microtransactions: The Self-Regulatory Challenges of Video Game Loot Boxes

Business Horizons, Forthcoming
Number of pages: 28 Posted: 14 Jan 2019
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 1,366 (18,331)
Citation 1

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Video Games, Microtransactions, Loot Boxes, Government Regulation, Self-Regulation, Electronic Arts

2.

'We Do Not Sow': The Economics and Politics of A Song of Ice and Fire

Capitalism and Commerce in Imaginative Literature, edited by Ed Younkins (Lexington Books, 2015, pp. 385-398).
Number of pages: 19 Posted: 13 Feb 2015 Last Revised: 15 Aug 2016
Matthew McCaffrey and Carmen-Elena Dorobat
University of Manchester - Manchester Business School and Manchester Metropolitan Business School, Strategy Enterprise and Sustainability
Downloads 1,019 (28,193)

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A Song of Ice and Fire, Game of Thrones, economics and literature, economics and the arts, state formation, war making, borrowing, taxation, inflation, rhetoric

3.

A Theory of Political Entrepreneurship

Modern Economy, Vol. 2, No. 4, pp. 552-560.
Number of pages: 9 Posted: 27 Aug 2014
Matthew McCaffrey and Joseph T. Salerno
University of Manchester - Manchester Business School and Ludwig von Mises Institute
Downloads 652 (51,989)
Citation 1

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Entrepreneurship, Political Entrepreneurship, Ownership, Production, Uncertainty, Income Distribution, Profit and Loss

4.

The Political Economy of 'The Art of War'

Comparative Strategy, Vol. 33, No. 4, pp. 354-371, 2014
Number of pages: 35 Posted: 13 Oct 2014 Last Revised: 29 Nov 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 512 (70,643)

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Sun Tzu, Art of War, Political Economy, Economics of War, History of Economic Thought, Military Organization, Incentives, Entrepreneurship, Opportunity Discovery

5.

William Baumol's 'Entrepreneurship: Productive, Unproductive, and Destructive'

Forthcoming in "Foundational Papers in Entrepreneurship," ed. Golshan Javadian. London: Palgrave MacMillan.
Number of pages: 29 Posted: 08 May 2017 Last Revised: 17 Aug 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 450 (82,748)

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William Baumol, entrepreneurship, unproductive entrepreneurship, destructive entrepreneurship, institutions, innovation, economic growth

6.

A Cautious Approach to Public Policy and Loot Box Regulation

Addictive Behaviors, Forthcoming
Number of pages: 3 Posted: 04 Oct 2019
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 293 (133,463)

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Loot boxes, microtransactions, economics, psychology, public policy

7.

Bridging the Gap between Entrepreneurship Teaching and Economics

Journal of Private Enterprise, Forthcoming
Number of pages: 19 Posted: 15 Aug 2015 Last Revised: 17 Nov 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 247 (158,790)

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economics of entrepreneurship; economic education; entrepreneurship education; undergraduate education

8.

Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis

Quarterly Journal of Austrian Economics, Vol. 12, No. 4, pp. 3-21.
Number of pages: 19 Posted: 26 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 200 (194,756)
Citation 1

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Joseph Schumpeter, Capitalism, Socialism, Economic Evolution, Entrepreneurship, Ludwig von Mises

The Morals of Moral Hazard: A Contracts Approach

Business Ethics: A European Review, Forthcoming
Number of pages: 36 Posted: 24 Mar 2016 Last Revised: 18 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 187 (205,845)

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moral hazard, incentives, contracts, property rights, resource allocation, risk, uncertainty, entrepreneurship, expropriation

The Morals of Moral Hazard: A Contracts Approach

Business Ethics: A European Review, Vol. 26, Issue 1, pp. 47-62, 2017
Number of pages: 16 Posted: 07 Jan 2017 Last Revised: 28 Apr 2020
Matthew McCaffrey
University of Manchester - Manchester Business School
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10.

A Theory of Entrepreneurship and Institutional Uncertainty

Journal of Business Venturing, Forthcoming
Number of pages: 46 Posted: 23 Jun 2017
Per L. Bylund, Per L. Bylund and Matthew McCaffrey
School of EntrepreneurshipRatio Institute and University of Manchester - Manchester Business School
Downloads 170 (224,670)
Citation 9

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entrepreneurship, uncertainty, institutions, judgment, regime uncertainty

11.

Introduction: The Economic Theory of Costs in Perspective

The Economic Theory of Costs: Foundations and New Directions, edited by Matthew McCaffrey (Routledge, pp. 1-7), Forthcoming
Number of pages: 10 Posted: 26 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 165 (229,335)
Citation 1

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Cost Theory, History of Economic Thought, Austrian Economics, Causal-Realist Economics,Opportunity Costs, Demand, Income Effects, Production, Distribution, Risk and Uncertainty, Interest Rates, Monopsony, Post-Keynesianism, Transaction Costs, Socialism, Social Entrepreneurship

12.

Pure Theory and Progressive Liberalism: Frank Fetter and the Austrian Economists

Journal of Institutional Economics, Forthcoming
Number of pages: 42 Posted: 09 Sep 2018 Last Revised: 21 Sep 2018
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 153 (244,236)
Citation 4

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Frank A. Fetter, Austrian Economics, Historical and Institutional Economics, Classical Liberalism, Progressive Liberalism

13.

The Economics of Peace and War in the Chinese Military Classics

Economics of Peace and Security Journal, Vol. 10, No. 1, pp. 23-31, 2015
Number of pages: 9 Posted: 29 Nov 2014 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 153 (244,236)

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Chinese history, military strategy, war finance, political economy of war, Art of War

14.

On the Theory of Entrepreneurial Incentives and Alertness

Entrepreneurship Theory and Practice, Vol. 38, No. 4, pp. 891-911, July 2014
Number of pages: 41 Posted: 13 Oct 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 138 (265,450)
Citation 1

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Alertness, Opportunity Discovery, Opportunity Creation, Judgment, Entrepreneurial Incentives, Israel Kirzner, Austrian Economics

15.

Incentives and the Economic Point of View: The Case of Popular Economics

Review of Social and Economic Issues, Vol. 1, No. 1, pp. 71-87.
Number of pages: 17 Posted: 27 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 137 (266,996)

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Incentives, Economic Law, Freakonomics, Value Judgments

16.

'When Henry Met Fritz': Rules as Organizational Frameworks for Emergent Strategy Process

Journal of Management Inquiry, Forthcoming
Number of pages: 39 Posted: 21 Jun 2021
Nicolai J. Foss, Matthew McCaffrey and Carmen-Elena Dorobat
Copenhagen Business School - Department of Strategy and Innovation, University of Manchester - Manchester Business School and Manchester Metropolitan Business School, Strategy Enterprise and Sustainability
Downloads 132 (274,691)

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Henry Mintzberg, F.A. Hayek, organizational strategy, tacit knowledge, dispersed knowledge, design school, emergent strategy, strategy as rules

17.

Economic Policy and Entrepreneurship: Alertness or Judgment?

The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno, edited by Per Bylund and David Howden (Ludwig von Mises Institute, 2015).
Number of pages: 17 Posted: 19 Mar 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 128 (280,991)

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Entrepreneurship, economic policy, entrepreneurial incentives, alertness, judgment, Israel Kirzner, Ludwig von Mises, Joseph T. Salerno

18.

Levels without Bosses? Entrepreneurship and Valve’s Organizational Design

The Invisible Hand in Virtual Worlds: The Economic Order of Video Games, ed. Matthew McCaffrey (Cambridge: Cambridge University Press, 2021), forthcoming.
Number of pages: 36 Posted: 14 Jul 2021
Ulrich Möller and Matthew McCaffrey
University of Bremen - Faculty of Business Studies and Economics and University of Manchester - Manchester Business School
Downloads 118 (300,022)

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Entrepreneurship, theory of the firm, judgment, Organizational design, Valve,

19.

Böhm-Bawerk's Approach to Entrepreneurship

Journal of the History of Economic Thought, Vol. 36, No. 4, pp. 435-454, 2014
Number of pages: 36 Posted: 09 Nov 2014
Matthew McCaffrey and Joseph T. Salerno
University of Manchester - Manchester Business School and Ludwig von Mises Institute
Downloads 118 (298,219)
Citation 1

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Eugen von Böhm-Bawerk, Entrepreneurship, Profit, Loss, Uncertainty, Judgment, Austrian Economics

20.

Book Review: 'The Evolution and Social Impact of Video Game Economics,' Edited by Casey B. Hart. Lexington (2017).

The Information Society, Forthcoming.
Number of pages: 11 Posted: 17 Feb 2020
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 115 (303,769)

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Video games, economics, microtransactions, critical theory

21.

What's Love Got to Do with It? Action, Exchange, and Gifts in Economic Theory

Quarterly Journal of Austrian Economics, Vol. 18, No. 2, pp. 210-221, 2015
Number of pages: 12 Posted: 29 Aug 2015
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 115 (303,769)

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action, exchange, gifts, crime, love, distribution, praxeology, thymology, history of economic thought

22.

Military Strategy and Unproductive Entrepreneurship in Warring States China

Management and Organizational History, Vol. 12, No. 2, pp. 99-118 (2017)
Number of pages: 36 Posted: 11 Apr 2017 Last Revised: 16 Jul 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 106 (321,420)

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institutions, unproductive entrepreneurship, military strategy, Warring States, Legalism

23.

The Economics of Sun Pin's Military Strategy

Comparative Strategy, Vol. 35, No. 1, pp. 80-87, 2015
Number of pages: 19 Posted: 19 Dec 2014 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 105 (325,634)
Citation 1

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Sun Tzu, Sun Pin, political economy, incentive structures, entrepreneurship

24.

Good Judgment, Good Luck: Frank Fetter's Neglected Theory of Entrepreneurship

Review of Political Economy, Vol. 28, No. 4, pp. 504-522.
Number of pages: 36 Posted: 08 Mar 2016 Last Revised: 22 Jun 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 97 (340,681)
Citation 3

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Frank Fetter, entrepreneurship, judgment, risk, uncertainty, capital, political economy

25.

Breaking Out of the Kirznerian Box: A Reply to Sautet

Review of Austrian Economics, Forthcoming.
Number of pages: 31 Posted: 08 Jul 2021
University of Manchester - Manchester Business School, Copenhagen Business School - Department of Strategy and Innovation, Baylor University - Hankamer School of Business and Ludwig von Mises Institute
Downloads 93 (349,913)

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Entrepreneurship, theory of the firm, judgment, uncertainty, opportunity, ownership, Ludwig von Mises, Israel Kirzner

26.

Entrepreneurship and Firm Strategy: Integrating Resources, Capabilities, and Judgment through an Austrian Framework

Entrepreneurship Research Journal, forthcoming.
Number of pages: 44 Posted: 13 May 2021
Matthew McCaffrey and Ulrich Möller
University of Manchester - Manchester Business School and University of Bremen - Faculty of Business Studies and Economics
Downloads 89 (359,717)
Citation 2

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Austrian economics, resource-based view, capabilities theory, entrepreneurial judgment, theory of the firm, production, Viktor Mataja

27.

Economic Calculation and the Limits of Social Entrepreneurship

Forthcoming, The Economic Theory of Costs: Foundations and New Directions, edited by Matthew McCaffrey (Routledge, pp. 243-263); ISBN: 9781138670938
Number of pages: 32 Posted: 25 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 80 (383,659)

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entrepreneurship, social entrepreneurship, theory of the firm, economic calculation, Austrian economics, entrepreneurial judgment

28.

Conflicting Views of the Entrepreneur in Turn-of-The-Century Vienna

History of Economics Review, Vol. 58, No. 2, pp. 27-43.
Number of pages: 17 Posted: 27 Aug 2014 Last Revised: 15 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 72 (407,082)
Citation 1

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Joseph Schumpeter, Rudolf Hilferding, Ludwig von Mises, Entrepreneurship, Economic Calculation, Capital Ownership

29.

Monopoly as a 'Culture-History Fact': Knight, Menger, and the Role of Institutions

Journal of Institutional Economics, Forthcoming
Number of pages: 35 Posted: 24 Jun 2021
Joseph T. Salerno, Carmen-Elena Dorobat and Matthew McCaffrey
Ludwig von Mises Institute, Manchester Metropolitan Business School, Strategy Enterprise and Sustainability and University of Manchester - Manchester Business School
Downloads 64 (433,280)

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Frank Knight, monopoly price, Carl Menger, institutions, Austrian economics

30.

Surveying Recent Literature on Economic Theory and Morality

Journal of Markets and Morality, Vol. 15, No. 1, pp. 179-200 (2012).
Number of pages: 22 Posted: 22 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 61 (443,721)

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economics and ethics, value freedom, value, exchange, economic growth, resource economics

31.

The Influence of the Currency-Banking Dispute on Early Viennese Monetary Theory

Theory of Money and Fiduciary Media: Essays in Celebration of the Centennial (Ludwig von Mises Institute, 2012, pp. 127-165)
Number of pages: 39 Posted: 17 Sep 2014 Last Revised: 18 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 54 (469,764)

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Currency School, Banking School, monetary theory, money and banking, Rudolf Hilferding, Ludwig von Mises, Joseph Schumpeter, history of economic thought, Austrian economics

32.

The Long Rehabilitation of Frank Fetter

Quarterly Journal of Austrian Economics, Forthcoming.
Number of pages: 34 Posted: 08 Jul 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 44 (516,547)

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Frank A. Fetter, Austrian economics, Ludwig von Mises, Murray N. Rothbard, subjectvism, marginalism, history of economic thought

33.

An Introduction to Value, Cost, and Price

Center for Market Education Edu Paper No. 5
Number of pages: 16 Posted: 18 Nov 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 42 (521,222)

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price theory, introductory economics, value, cost, price, subjectivism, causal-realism, Austrian economics

34.

The Economic Meaning of Play: Ludology and Praxeology in Video Game Worlds

The Invisible Hand in Virtual Worlds: The Economic Order of Video Games, ed. Matthew McCaffrey (Cambridge: Cambridge University Press, 2021), Forthcoming.
Number of pages: 28 Posted: 02 Aug 2021
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 38 (540,719)

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Praxeology, ludology, video games, virtual worlds, scarcity, choice, tradeoffs, opportunity costs, specialization, division of labor, trade, entrepreneurship

Extending the Economic Foundations of Entrepreneurship Research

European Management Review, Forthcoming
Number of pages: 28 Posted: 18 Oct 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 35 (569,264)

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Economics, Austrian Economics, Methodological Individualism, Uncertainty, Judgment, Opportunities, Social Enterprise

Extending the Economic Foundations of Entrepreneurship Research

European Management Review, Vol. 15, Issue 2, pp. 191-199, 2018
Number of pages: 9 Posted: 20 Sep 2018
Matthew McCaffrey
University of Manchester - Manchester Business School
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economics, methodological individualism, uncertainty, judgment, opportunities, social enterprise, incentives

36.

Book Review: Austrian Theory & Economic Organization: Reaching Beyond Free Market Boundaries

Quarterly Journal of Austrian Economics, Vol. 18, No. 3, pp. 368-379, Fall 2015
Number of pages: 12 Posted: 09 Jan 2016 Last Revised: 12 Jan 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 29 (589,893)
Citation 1

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Austrian economics, organization theory, economic calculation, Ludwig von Mises

37.

Five Erroneous Ways to Argue About Resource Economics

Quarterly Journal of Austrian Economics, Vol. 15, No. 1, pp. 120-142.
Number of pages: 23 Posted: 27 Aug 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 28 (596,077)

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Resource Economics, Environmentalism, Economic Development, Entrepreneurship, Uncertainty, Value Judgments, Rhetoric

38.

On Government Investment and Consumption

New Perspectives on Political Economy, Vol. 7, No. 2, pp. 163-176.
Number of pages: 14 Posted: 27 Aug 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 20 (650,403)

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Public Finance, Consumption, Investment, Value Judgments, Political Entrepreneurship

Other Papers (8)

Total Downloads: 306
1.

Book Review: 'The Entrepreneur in History: From Medieval Merchant to Modern Business Leader,' by Mark Casson and Catherine Casson. Palgrave-Macmillan (2013).

Business History, Vol. 58, No. 4, pp. 604-606, 2016
Number of pages: 5 Posted: 23 Jan 2015 Last Revised: 15 Aug 2016
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 81

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entrepreneurship, economic history, entrepreneurial judgment, innovation, English history

2.

Book Review: 'Organizing Entrepreneurial Judgment: A New Approach to the Firm,' by Nicolai J. Foss and Peter G. Klein. Cambridge University Press (2012).

Organization Studies, Vol. 34, No. 7, pp. 1007-1011.
Number of pages: 3 Posted: 19 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 79

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Entrepreneurship, judgment, theory of the firm, Austrian economics, history of economic thought, Frank Knight, Ludwig von Mises

3.

Book Review: 'The Nature and Essence of Economic Theory' by Joseph Schumpeter. Transaction (2010).

Journal of the History of Economic Thought, (2010) Vol. 33, No. 3, pp. 409-411.
Number of pages: 3 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 76

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Joseph Schumpeter, methodology, methodological individualism, comparative statics, psychology

4.

Book Review: 'The Economics of Edwin Chadwick: Incentives Matter,' by Robert B. Ekelund Jr. and Edward O. Price III. Edward Elgar (2012)

Quarterly Journal of Austrian Economics, Vol. 16, No. 2, pp. 247-252, Summer 2013
Number of pages: 6 Posted: 19 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 19

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Edwin Chadwick, history of economic thought, utilitarianism, public goods, incentives, moral hazard

5.

Book Review: 'The Econocracy: The Perils of Leaving Economics to the Experts.'

Management Learning, Forthcoming
Number of pages: 4 Posted: 15 Dec 2017
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 16

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Econocracy, economics education, economic history, history of economic thought, public policy, education policy

6.

Book Review: 'The Entrepreneurial Group: Social Identities, Relations, and Collective Action' by Martin Ruef. Princeton University Press (2010).

Journal of Entrepreneurship, Vol. 21, No. 1, pp. 163-165 (2012).
Number of pages: 4 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 15

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entrepreneurial groups

7.

Book Review: 'Non-Market Entrepreneurship: Interdisciplinary Approaches' edited by Gordon E. Shockley, Peter M. Frank, and Roger R. Stough. Edward Elgar (2008).

Quarterly Journal of Austrian Economics, (2010) Vol. 13, No. 4, pp. 80-86.
Number of pages: 7 Posted: 16 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 12

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entrepreneurship, nonprofit entrepreneurship, non-market entrepreneurship, social entrepreneurship, alertness

8.

Book Review: 'The Austrian School: A History of its Ideas, Ambassadors, and Institutions,' by Eugen Maria Schulak and Herbert Unterköfler. Ludwig von Mises Institute (2011).

Journal of the History of Economic Thought, Vol. 34, No. 2, pp. 285-287.
Number of pages: 3 Posted: 18 Sep 2014
Matthew McCaffrey
University of Manchester - Manchester Business School
Downloads 8

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Austrian economics, history of economic thought, Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, Ludwig von Mises, F.A. Hayek, Murray Rothbard