Nos Dirigimos hacia una Economía sin Emprendimientos? La Industria del Emprendimiento y el Surgimiento del Emprendedor Vebleniano

Translated title of the contribution: Towards an Untrepreneurial Economy? : The Entrepreneurship Industry and the Rise of the Veblenian Entrepreneur

Rasmus Koss Hartmann, André Spicer, Anders Dahl Krabbe

Research output: Other contributionNet publication - Internet publication

Abstract

What is driving the declining quality of innovation-driven entrepreneurship? 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 Ideology 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.
Translated title of the contributionTowards an Untrepreneurial Economy? : The Entrepreneurship Industry and the Rise of the Veblenian Entrepreneur
Original languageSpanish
Publication date12 Nov 2021
Place of PublicationSantiago de Chile
PublisherRevista Heterodoxia
Publication statusPublished - 12 Nov 2021

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