Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/240538 
Year of Publication: 
2021
Series/Report no.: 
IFN Working Paper No. 1395
Publisher: 
Research Institute of Industrial Economics (IFN), Stockholm
Abstract: 
Differentiating various types of entrepreneurs provides clues to the puzzle of why top-down policies often fail to create Schumpeterian entrepreneurship and the ecosystems where it thrives. Schumpeterian entrepreneurship is intrinsically contrarian, whereas public policy has a bias toward incremental innovation and replication of past success. If central planners knew what the next radical innovation would be, there would be no need for Schumpeterian entrepreneurs. Schumpeterian entrepreneurs create not only companies but also institutions in the entrepreneurial support system. These ever-evolving structures are too complex to design, and central planning instead reduces the space for organic institutional innovation.
Subjects: 
Entrepreneurship policy
High-impact entrepreneurship
Innovation
Institutions
Schumpeterian entrepreneurship
JEL: 
M13
O31
P14
Document Type: 
Working Paper

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