City Research Online

Towards an untrepreneurial economy? The entrepreneurship industry and the rise of the veblenian entrepreneur

Hartmann, R., Spicer, A. and Krabbe, A. D. (2020). Towards an untrepreneurial economy? The entrepreneurship industry and the rise of the veblenian entrepreneur. Academy of Management Proceedings, 2020(1), doi: 10.5465/AMBPP.2020.152

Abstract

What is driving the declining quality of innovation-driven entrepreneur-ship? In this paper, we argue the growing entrepreneurship industry is an important yet overlooked explanation. This rapidly growing industry has transformed the nature of entrepreneurship and encouraged a particular form of low-quality entrepreneurship. It has done so by leveraging the Ide-ology of Entrepreneurialism to mass-produce and mass-market products that make possible what we term Veblenian Entrepreneurship. This is entrepreneurship pursued primarily as a form of conspicuous consumption. Aside from lowering average entrepreneurial quality, Veblenian Entrepreneurship has a range of (short-run) positive and (medium and long-run) negative effects for both individuals and society at large. We argue that the rise of the Veblenian Entrepreneur has contributed to creating an increasingly Untrepreneurial Economy. That is an economy which superficially appears innovation-driven and dynamic, but is actually rife with inefficiencies and unable to generate economically meaningful growth through innovation."

Publication Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Departments: Business School > Management
Date available in CRO: 27 Apr 2021 15:22
Date deposited: 27 April 2021
Date of first online publication: 29 July 2020
URI: https://openaccess.city.ac.uk/id/eprint/26040
[img]
Preview
Text - Accepted Version
Download (947kB) | Preview

Export

Downloads

Downloads per month over past year

View more statistics

Actions (login required)

Admin Login Admin Login