The second edition of this popular book has been inspired by the increasing interest around social entrepreneurship scholarship and the practice of delivering innovative solutions to social issues.
Although social enterprises generally remain small, the impact of social entrepreneurs is increasing globally, as all countries are endeavouring to respond to increasingly complex social problems and demands for welfare at a time of government cut backs.
Additional chapters and international case studies explore new developments, such as the rise of the social investment market, the use of design thinking and the increasing importance of social impact measurement.
Department of Economics, Beloit College, Beloit, Wisconsin - USA
Richard E. Wagner*
Department of Economics, George Mason University, Fairfax, Virginia - USA
Entangled Political Economy and the Two
Faces of Entrepreneurship
Abstract - T h i s paper contrasts two forms of entrepreneurship - genuine and parasitical- within
a framework of entangled political economy. In 1911, Joseph Schumpeter described
entrepreneurship as the locus of leadership within a capitalist economy. At that time state
participation in economic activity was
Ethnic entrepreneurship as innovation
Ethnic entrepreneurship as
This chapter is a result of long-standing interest in three different research
areas that rarely intersect or are even seen as of mutual interest: biography,
entrepreneurship and innovation. The reasons why biographical research and
entrepreneurial research have rarely engaged in an effort of interdisciplinary
communication are easy to identify. Entrepreneurial research is a branch of
business economics that specialises in the founding of new ventures, mainly
enterprise and entrepreneurship
This chapter considers the role that enterprise and entrepreneurship
can play in renewing neighbourhoods as well as reviewing the various
kinds of policy intervention that have sought to stimulate enterprise in
deprived neighbourhoods. Of the three different rationales that were
put forward in Chapter Two for policy intervention in deprived areas,
both strengthening economic competitiveness and the pursuit of social
inclusion currently feature prominently in the discourse concerning the
computerization in the labor market have the increased potential for displacing many of today’s youth from traditional jobs. The American response to this has been one of energizing youth to engage in small business start-ups and other entrepreneurial activities. While entrepreneurship is considered as an eminently reasonable pathway to solving the youth unemployment problem in the US, given its deep-seated, cultural proclivity for taking risks, can this approach work in other cultures/countries where risk taking is not so readily built into their culture?
This chapter will
will promote or hinder economic growth and development ( North and Weingast, 1989 ; North, 1991 ; Weingast, 1995 ; Acemoglu et al, 2002 ; Acemoglu and Johnson, 2005 ; Kuran and Rubin, 2018 ). A large and more recent body of literature has also begun to explore the connection between a given institutional environment and entrepreneurship, as well as how this relationship is ultimately tied to economic growth or stagnation (for recent detailed literature reviews, see Urbano et al, 2019 ; Bjørnskov and Foss, 2016 ).
In this context, it is the institutions that
Johnson (2022) is timely and makes an important contribution to the study of entrepreneurship research and its impact on policy learning. The paper makes a compelling case in drawing our attention to the relationship between theory and its application/relevance to practice, which continues to pose a sense of uncertainty around how entrepreneurship/SME (Small and Medium Enterprise) research can have impact; the debate has been a central issue in social science research for a number of years ( Beyer and Trice, 1982 ; Rynes et al, 2001 ; Starkey
The argument in brief
Studies of the policy impact of entrepreneurship research have largely concluded that research has little or no impact on policy in this field. However, such studies have typically not taken account of the complex, political and relational nature of the research-policy nexus. Applying concepts that are increasingly used in health, social and other policy domains, we challenge conclusions based on linear conceptions of the impact process and argue that entrepreneurship research has greater potential to influence policy than is suggested