Entrepreneurship
Productive, unproductive, and destructive
Bibliographic Data
| ID | 5774692 |
|---|---|
| Authors | William J Baumol (New York University, corresponding author) |
| Year | 1990 |
| Volume | 98 |
| Issue | 5, Part 1 |
| Pages | 893-921 |
| Publication date | 1990-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/261712 |
| OpenAlex | W3125262783 |
| Language | EN |
| Citations received | 574 |
| References cited | 19 |
The basic hypothesis is that, while the total supply of entrepreneurs varies among societies, the productive contribution of the society's entrepreneurial activities varies much more because of their allocation between productive activities, such as innovation, and largely unproductive activities, such as rent seeking or organized crime. This allocation is heavily influenced by the relative payoffs society offers to such activities. This implies that policy can influence the allocation of entrepreneurship more effectively than it can influence its supply. Historical evidence from ancient Rome, early China, and the Middle Ages and Renaissance in Europe is used to investigate the hypotheses. Copyright 1990 by University of Chicago Press
China · Economic system · Economics · Entrepreneurship · Management · Optimal allocation · Political science · The Renaissance · Time allocation · Culture, Economy, and Development Studies · Economic Growth and Development · Economic Growth and Productivity · History · Law
The New Institutional Economics of Markets
Entrepreneurship in Culinary Arts
Polycentric Stakeholder Analysis
Metropolitan Governance
Public Choice, Public Administration, and Self-Governance
Dynamic Governance
Independent Regulatory Agencies and Their Reform
Conclusions
The Classical-Liberal Theory of Governance
Function, Structure, and Process at the Private-Public Interface
Public Administration and Public Choice
Heterogeneity, Co-production, and Polycentric Governance
Entrepreneurial Action
Sustainability and Entrepreneurship
The Diaspora and Returnee Entrepreneurship
The impact of social norms on entrepreneurial action
The institutional, economic and social determinants of local government transparency
Economic Freedom and the Motivation to Engage in Entrepreneurial Action
Venturing for Others with Heart and Head
Entrepreneurship, Social Capital, and Institutions
Self-Employment as a Career Choice
Women entrepreneurs in sub-Saharan Africa
Entrepreneurship and sustainability
Institutions and entrepreneurship development in Russia
The Influence of Formal and Informal Institutional Voids on Entrepreneurship
Which institutions encourage entrepreneurial growth aspirations?
Innovation for Inclusive Growth
Entrepreneurial Ecosystems and Regional Policy
Sustainable development and entrepreneurship
Wages and Human Capital in the U.S. Finance Industry
The motivation to become an entrepreneur
Toward an Entrepreneurial Ecosystem Research Program
Human capital in social and commercial entrepreneurship
The Entrepreneurial Propensity of Women
Human Capital and Regional Development
Reward structures and the allocation of talent
Property Rights and Economic Development
Entrepreneurship in Russia and China
How Do Patent Laws Influence Innovation? Evidence from Nineteenth-Century World's Fairs
Opportunities and Entrepreneurship
Human Capital-Based Strategy for Regional Economic Development
Institutions and Entrepreneurship Quality
National Systems of Entrepreneurship
Institutions, Entrepreneurship, and Economic Growth
Contextualizing Entrepreneurship—Conceptual Challenges and Ways Forward
Testing Baumol
Industry structure, entrepreneurship, and culture
Socio-cognitive traits and entrepreneurship
The Economic Activities of the Pasdaran
The Political Entrepreneur and the Coordination of the Political Process
Creativity, Government and the Arts
Private Property Rights, Dynamic Efficiency and Economic Development
Making Sense of Industrial Decline
Do Museums Foster Innovation Through Engagement with the Cultural and Creative Industries?
Justification, coercion, and the place of public reason
Entrepreneurship in Regulated Markets
The market of academic texts in Russia (according to a qualitative survey)
Legislation, Regulation and Litigation
Value-added manufacturing, growth and inflation
Revitalizing rural communities through institutional reform of quasi-markets
High-growth aspiration entrepreneurship
Institutional voids and entrepreneurship
Market and Nonmarket Strategies in Focus
Business Environment and Start-Up in Indonesia
The Impact of Entrepreneurship on the Development of the Sustainable Development Goals
The role of the institutional environment on Saudi female digital entrepreneurs’ behavior
Soho’s ‘other’ film industry
Extending the theory of planned behavior toward sustainable entrepreneurial intention
Más allá de la legalización
Survival in the Passion Economy
Empirical Insights Into the Macro Factors’ Impact on Aggregate Entrepreneurship in Least-Developed Countries
The Public Sector Premium in Returns to Education and the Allocation of Human Capital in China
Those who can't sort, steal
Europe 2020
An Integrative Framework for Formal and Informal Entrepreneurship Research in Africa
Exploring the Effects of Types of Early-Stage Entrepreneurial Activity on Subjective Well-Being
Enterprising Women in Southern Africa
Exploring the role of women entrepreneurs in revitalizing historic Nazareth
The economic effects of politically connected entrepreneurs on the quality and rate of regional entrepreneurship
Rogue auditors
Theme issue
Tendencies towards integration and disintegration of the entrepreneurial ecosystem
The Next Catch
Distinctive role of region-specific institutions in regional entrepreneurship patterns
Do formal and informal institutions matter for firm-level strategic environmental actions? A multi-level perspective from Jordan
Entrepreneurship during a pandemic
Do museums foster innovation through engagement with the cultural and creative industries
Entrepreneurial Spillovers from Corporate R&D
Global financial networks and entrepreneurship
Does corruption boost or harm firms’ performance in developing and emerging economies? A firm‐level study
L'incidence des politiques du marché du travail et de la fiscalité sur l'emploi indépendant
Does institutional quality foster economic complexity? The fundamental drivers of productive capabilities
Long-term effects of institutional instability
Entrepreneurship‐driven public management reforms in Southeast Asia
Religion and unproductive entrepreneurship
The growth-inequality debate revisited by rent-seeking theory
Institutions and Agency in the Sustainability of Day-to-Day Consumption Practices
Populist discourse and entrepreneurship
Country-level efficiency and the index of dynamic entrepreneurship
The power of anti-corruption in environmental innovation
Medieval technology and social change
The European Miracle
The Rise of the Western World
The Unbound Prometheus
The Economics of Imperfect Competition
The Rise and Decline of Nations
The Industrial Revolution 1760-1830
Why Was British Growth So Slow During the Industrial Revolution
How the West grew rich
Enterprise and Secular Change
Patents, Priority and Imitation or, the Economics of Races and Waiting Games
The Economic Effects of the Two World Wars on Britain
William Marshal, Knight-Errant, Baron, and Regent of England
The Medieval Machine
The Mandarins
Technical Innovation and Economic Progress in the Ancient World
| Unique citing works | 574 |
|---|---|
| Citations per year | 16,4 |
| Citation span | 1991 - 2026 (36) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 572 |