Giersch’s research focus from the second half of the 1970s onward was on structural change in the world economy. This positioned him to address supply-side conditions in general and entrepreneurial activity in particular. He merged the German tradition of marginalist locational economics of Thünen and Lösch with the dynamic evolutionary economics of Schumpeter.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 296