Bridging the Gap between Entrepreneurship Teaching and Economics

Journal of Private Enterprise, Forthcoming

19 Pages Posted: 15 Aug 2015 Last revised: 17 Nov 2015

See all articles by Matthew McCaffrey

Matthew McCaffrey

University of Manchester - Manchester Business School

Date Written: 2015

Abstract

Although entrepreneurship education is thriving, it often lacks a substantial foundation in economic theory and history, and therefore also an appreciation of the overarching social significance of entrepreneurship. The purpose of this paper is to explore one way economics can enhance entrepreneurship teaching, namely, by discussing the social and institutional basis of entrepreneurship, as well as its economic meaning and implications. To this end, I provide a list of economic readings that can be used in undergraduate entrepreneurship courses, along with brief narratives explaining some of the most important ideas these works communicate. The readings highlight a number of key themes from the economics of enterprise, such as the importance of institutions, the roles of risk and uncertainty, the causes of profit, the process of entrepreneurial decision making, the sovereignty of consumers, and the effects of entrepreneurial competition.

Keywords: economics of entrepreneurship; economic education; entrepreneurship education; undergraduate education

JEL Classification: A12, A22, L26

Suggested Citation

McCaffrey, Matthew, Bridging the Gap between Entrepreneurship Teaching and Economics (2015). Journal of Private Enterprise, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2642853 or http://dx.doi.org/10.2139/ssrn.2642853

Matthew McCaffrey (Contact Author)

University of Manchester - Manchester Business School ( email )

United Kingdom

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