De-Linking Entrepreneurship from Profit-Motivated Capitalism: Some Lessons from an English Locality
International Journal of Social Entrepreneurship and Innovation, Vol. 2, No. 3, pp. 225-238, 2013
15 Pages Posted: 22 Dec 2015
Date Written: 2013
The aim of this paper is to contribute to the entrepreneurship literature that has sought to deconstruct the normative view of the entrepreneur as a heroic icon of profit-motivated capitalism by developing a typology of the multifarious lived practices of entrepreneurship ranging from wholly social to wholly profit-motivated forms of entrepreneurship cross-cut by wholly informal to wholly formal forms of entrepreneurial endeavour. This is then applied by reporting evidence from a small-scale survey of the multiple forms of entrepreneurship in the English locality of Bassetlaw. The finding is that just 12% of the entrepreneurs surveyed in this locality are engaged purely in profit-driven entrepreneurship in the legitimate economy. The outcome is a call to more widely apply this typology that depicts the multiple forms of entrepreneurship in order to open up entrepreneurship to re-signification as demonstrative of the possibility of futures beyond legitimate profit-driven capitalism.
Keywords: entrepreneurship, enterprise culture, social entrepreneurship, informal economy, shadow economy, underground sector, capitalism, England
JEL Classification: H26, J46, J48, K34, K42, O17, P2, P3
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