A Positive Theory of Social Entrepreneurship
55 Pages Posted: 16 Feb 2010
Date Written: February 15, 2010
Abstract
I propose a theory aimed at advancing scholarly research in social entrepreneurship. By highlighting the key trade-off between value creation and value appropriation and explaining when situations of simultaneous market and government failure may arise, I suggest that social entrepreneurship is the pursuit of sustainable solutions to problems of neglected positive externalities. I further discuss when positive externalities are likely to be neglected and derive the central goal and logic of action of social entrepreneurship.
Keywords: Social Entrepreneurship, Social Innovation, Empowerment, Economic Externalities, Theory Development, Economic Organization, Institutional Economics, Public Policy
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