onr:"swepub:oai:DiVA.org:uu-131911"
Search: onr:"swepub:oai:DiVA.org:uu-131911" > Entrepreneurship an...
- 1 of 1
- Previous record
- Next record
- To hitlist
Entrepreneurship and second-best institutions : going beyond Baumol’s typology
-
- Douhan, Robin (author)
- Uppsala universitet,Nationalekonomiska institutionen
-
- Henrekson, Magnus (author)
- IFN, Institutet för Näringslivsforskning
- (creator_code:org_t)
- 2010-04-13
- 2010
- English.
- In: Journal of evolutionary economics. - : Springer. - 0936-9937 .- 1432-1386. ; 20:4, s. 629-643
- Journal article (peer-reviewed)
Abstract
Subject headings
Close
- This paper reconsiders the predominant typology pioneered by Baumol (J Polit Econ 98(5):893-921, 1990) among productive, unproductive and destructive entrepreneurship. It is shown that the foundation of Baumol's classification scheme is the restrictive concept of first-best outcomes, and therefore it easily fails to appreciate the true impact of entrepreneurship in real-world circumstances characterized by suboptimal institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the Baumol typology as a special case. Our main distinction is between business and institutional entrepreneurship. We draw on Schumpeter and introduce the entrepreneur in an additional function: as a potential disturber of an institutional equilibrium. Various subsets of institutional entrepreneurship are posited and discussed. It is shown that changing the workings of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that entrepreneurial efforts to reform or offset inefficient institutions can, in many cases, be welfare-improving.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Economics
- Nationalekonomi
- Nationalekonomi
- Economics
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
- Journal of evolutionary economics (Search for host publication in LIBRIS)
To the university's database
- 1 of 1
- Previous record
- Next record
- To hitlist
Find more in SwePub
- By the author/editor
- Douhan, Robin
- Henrekson, Magnu ...
- About the subject
-
- SOCIAL SCIENCES
- SOCIAL SCIENCES
- and Economics and Bu ...
- and Economics
- Articles in the publication
- Journal of evolu ...
- By the university
- Uppsala University
Search outside SwePub
- Extend your search to:
- Google Book Search
- Google Scholar
Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.
- Copyright © LIBRIS - National Library Systems
- LIBRIS.kb.se
