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Taxonomy of Entrepreneurship – A Means-Oriented Approach

In: Emergence, Entanglement, and Political Economy

Author

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  • Marta Podemska-Mikluch

    (Gustavus Adolphus College)

Abstract

The growth of entrepreneurship literature spurred a discussion on the distinct characteristics of the different types of entrepreneurship, with most attention being given to market, social, and political entrepreneurship. In organizing the inquiry around these supposedly distinct types of entrepreneurship, scholars tend to focus on the goals entrepreneurs pursue: market entrepreneurs are portrayed as driven by profit, political entrepreneurs are driven by rents, and social entrepreneurs are thought to be driven by other, supposedly less venal, motivations. This paper presents the shortcomings of this ends-oriented taxonomy and offers an alternative approach for organizing inquiry, one that originates from Richard Wagner’s framework of Entangled Political Economy and his distinction between voluntary and involuntary investors. I argue that instead of focusing on the ends, the taxonomy of entrepreneurship should focus on the means, in particular, on whether the resources that support the venture were obtained through cooperation or coercion.

Suggested Citation

  • Marta Podemska-Mikluch, 2021. "Taxonomy of Entrepreneurship – A Means-Oriented Approach," Studies in Public Choice, in: David J. Hebert & Diana W. Thomas (ed.), Emergence, Entanglement, and Political Economy, pages 63-72, Springer.
  • Handle: RePEc:spr:stpchp:978-3-030-56088-1_5
    DOI: 10.1007/978-3-030-56088-1_5
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    References listed on IDEAS

    as
    1. Foss,Nicolai J. & Klein,Peter G., 2012. "Organizing Entrepreneurial Judgment," Cambridge Books, Cambridge University Press, number 9780521697262, January.
    2. Klein, Peter G. & Mahoney, Joseph T. & McGahan, Anita M. & Pitelis, Christos N., 2009. "Toward a Theory of Public Entrepreneurship," Working Papers 09-0106, University of Illinois at Urbana-Champaign, College of Business.
    3. Richard E. Wagner, 2016. "Politics as a Peculiar Business," Books, Edward Elgar Publishing, number 16989.
    4. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
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