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Economics Doctoral Programs Still Elide Entrepreneurship
KTH. Swedish Entrepreneurship Forum, Sweden.
2017 (English)In: Econ Journal Watch, ISSN 1933-527X, E-ISSN 1933-527X, Vol. 14, no 2, p. 196-217Article in journal (Refereed) Published
Abstract [en]

Is entrepreneurship covered in economics doctoral programs? Updating an earlier study (Johansson 2004), we examine leading programs in the United States and Sweden by textual analysis of textbooks and assigned articles in microeconomics, macroeconomics, and industrial organization courses. We find that coverage of entrepreneurship in textbooks is scant and that theories regarding the function of the entrepreneur are hardly mentioned in assigned articles. Talk of the entrepreneur is more common in a few newer textbooks, which could indicate a renewed interest. But even textbooks that mention the entrepreneur do not define the concept or discuss the entrepreneur’s economic role in any depth; often the entrepreneur is just another optimizing agent within a model, like a borrower, manager, or investor.

Place, publisher, year, edition, pages
INST SPONTANEOUS ORDER ECONOMICS , 2017. Vol. 14, no 2, p. 196-217
National Category
Educational Sciences Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-210937ISI: 000403570100005Scopus ID: 2-s2.0-85020226665OAI: oai:DiVA.org:kth-210937DiVA, id: diva2:1127418
Note

QC 20170714

Available from: 2017-07-14 Created: 2017-07-14 Last updated: 2018-09-24Bibliographically approved
In thesis
1. The Absent Entrepreneur: Exploring the Role of the Entrepreneur in Economics
Open this publication in new window or tab >>The Absent Entrepreneur: Exploring the Role of the Entrepreneur in Economics
2018 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Economics as an academic discipline has often found it difficult to formally model the Entrepreneur. As Baumol (1968) noted, “The theoretical firm is entrepreneurless—the prince of Denmark has been expunged from the discussion of Hamlet.”This dissertation first examines if the entrepreneur is still absent from economics and then seeks to apply the concept of the entrepreneur to some contemporary economic discussions. Finally, I examine a concept closely associated with entrepreneurship: Philanthropy.The first and second article examine the presence of the entrepreneur and the family firm in the current economic “canon” in economics PhD programs. We find that the entrepreneur remains scarce in economics, but that some recent included works attempt to model entrepreneurship. The family firm is entirely absent from the surveyed literature.The third article examines the impact of a major Swedish educational reform that lengthened mandatory education on self-employment outcomes. I find that reform participants are less likely to operate marginal businesses.The fourth article examines income inequality in the United States in relation to entrepreneurship. Using the “Supermanager” hypothesis of Thomas Piketty as a starting point, we argue that entrepreneurs and managers in closely held firms play an important role in rising income inequality.Finally, the fifth article examines the state of Swedish philanthropy, a field usually fueled by successful entrepreneurship. We examine the productivity of philanthropic funding of research relative to other R&D funding and conclude that the main predictor of publication and patent output appears to be overall funding, not funding structure.

Place, publisher, year, edition, pages
KTH Royal Institute of Technology, 2018. p. 137
Series
TRITA-ITM-AVL ; 2018:49
Keywords
entrepreneurship, education, income distribution, philanthropy, economics
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:kth:diva-235382 (URN)978-91-7729-968-4 (ISBN)
Public defence
2018-10-23, F3, Lindstedtsvägen 26, Stockholm, 14:00 (English)
Opponent
Supervisors
Funder
Marianne and Marcus Wallenberg Foundation
Available from: 2018-09-25 Created: 2018-09-24 Last updated: 2018-09-26Bibliographically approved

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CiteExportLink to record
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