What is Entrepreneurship Economics?. Definition of entrepreneurship Don’t waste your time! But be clear! Self-employment versus company founding People.

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Presentation transcript:

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? Focus only on innovative firms? Focus on X-funded firms? X = VC, Angels, Grants, etc…

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

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!