Abstract

http://ssrn.com/abstract=2419055
 


 



Developing Capabilities, Not Entrepreneurs: A New Theory for Community Economic Development


Rashmi Dyal-Chand


Northeastern University - School of Law

Jim Rowan


Northeastern University - School of Law

2014

Hofstra Law Review, Vol. 42, Forthcoming
Northeastern University School of Law Research Paper No. 181-2014

Abstract:     
This Article presents a contemporary and compelling American context in which entrepreneurship is not a good solution. Despite the enormous potential that entrepreneurship seems to hold for community economic development, it has thus far failed as a framework for widespread and reliable local economic development and poverty alleviation. The reasons for this failure are grounded both in theory and empirical data. This Article takes up the theoretical question. It examines why entrepreneurship theory is a weak foundation for the work of community economic development practitioners. Arguing that the important work of these practitioners is best understood and measured using a theory grounded in poverty alleviation, this Article offers a modified version of the capabilities approach first developed by Nobel Prize-winning economist Amartya Sen. By relying on a theory that broadly conceptualizes poverty and social exclusion, community economic development practitioners can better evaluate the work that they are already doing. More importantly, the theory proposed here can and should guide practitioners to make straightforward changes with the potential for quite positive gains.

Number of Pages in PDF File: 69

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Date posted: April 3, 2014 ; Last revised: April 28, 2014

Suggested Citation

Dyal-Chand, Rashmi and Rowan, Jim, Developing Capabilities, Not Entrepreneurs: A New Theory for Community Economic Development (2014). Hofstra Law Review, Vol. 42, Forthcoming; Northeastern University School of Law Research Paper No. 181-2014. Available at SSRN: http://ssrn.com/abstract=2419055

Contact Information

Rashmi Dyal-Chand (Contact Author)
Northeastern University - School of Law ( email )
400 Huntington Ave.
Boston, MA 02115
United States
Jim Rowan
Northeastern University - School of Law ( email )
400 Huntington Ave.
Boston, MA 02115
United States
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