Search: onr:"swepub:oai:DiVA.org:uu-131911" >
Entrepreneurship an...
-
Douhan, RobinUppsala universitet,Nationalekonomiska institutionen
(author)
Entrepreneurship and second-best institutions : going beyond Baumol’s typology
- Article/chapterEnglish2010
Publisher, publication year, extent ...
-
2010-04-13
-
Springer,2010
-
printrdacarrier
Numbers
-
LIBRIS-ID:oai:DiVA.org:uu-131911
-
https://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-131911URI
-
https://doi.org/10.1007/s00191-010-0174-4DOI
Supplementary language notes
-
Language:English
-
Summary in:English
Part of subdatabase
Classification
-
Subject category:ref swepub-contenttype
-
Subject category:art swepub-publicationtype
Notes
-
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 and genre
Added entries (persons, corporate bodies, meetings, titles ...)
-
Henrekson, MagnusIFN, Institutet för Näringslivsforskning
(author)
-
Uppsala universitetNationalekonomiska institutionen
(creator_code:org_t)
Related titles
-
In:Journal of evolutionary economics: Springer20:4, s. 629-6430936-99371432-1386
Internet link
Find in a library
To the university's database