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What is Entrepreneurship Economics?

What is Entrepreneurship Economics?. Definition of entrepreneurship. Don’t waste your time! But be clear! Self-employment versus company founding People versus firms Small firms Young firms Privately-held firms Focus only on ambitious growth oriented firms?

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What is Entrepreneurship Economics?

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  1. What is Entrepreneurship Economics?

  2. Definition of entrepreneurship • Don’t waste your time! • But be clear! • Self-employment versus company founding • People versus firms • Small firms • Young firms • Privately-held firms • Focus only on ambitious growth oriented firms? • Focus only on innovative firms? • Focus on X-funded firms? • X = VC, Angels, Grants, etc…

  3. Overlapping areas of economics Core Economics Related Disciplines Labor Innovation Industrial organization Finance Urban Development Behavioral Organizational Macro (?) Strategic Management Organizational Behavior Law and economics Psychology Political science (?)

  4. Challenges • Need more research • Need better data • Need sharper questions • Do we need to maintain link to broader economics areas or is this a stand-alone subfield? • Do we need more contact with entrepreneurship non-economics? • Do we need greater integration within the entrepreneurship economics literature? • Implications for practice • Large public policy challenge!

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