Sovereign Entrepreneurship

Journal of Entrepreneurship and Public Policy, Forthcoming

34 Pages Posted: 24 May 2018 Last revised: 7 Oct 2018

See all articles by Alexander William Salter

Alexander William Salter

Texas Tech University - Rawls College of Business; American Institute for Economic Research

Date Written: October 1, 2018

Abstract

I develop a theory of sovereign entrepreneurship, which is a special kind of political entrepreneurship. Sovereignty is rooted in self-enforced exchange of political property rights. Sovereign entrepreneurship is the creative employment of political property rights to advance a plan. Building on several literatures in political economy and the managerial-organizational sciences, I show how sovereign entrepreneurship is related to ownership and residual judgment rights to government activities. I illustrate the theory by using it to reinterpret the rise of modern states as the entrepreneurial reassembly of ownership rights and control rights within government. I conclude by discussing future avenues of research on sovereign entrepreneurship.

Keywords: entrepreneurship, political entrepreneurship, property rights, residual claimancy, sovereign, theory of the firm

JEL Classification: D23, M10, H83, P16

Suggested Citation

Salter, Alexander William, Sovereign Entrepreneurship (October 1, 2018). Journal of Entrepreneurship and Public Policy, Forthcoming. Available at SSRN: https://ssrn.com/abstract=3178112 or http://dx.doi.org/10.2139/ssrn.3178112

Alexander William Salter (Contact Author)

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

HOME PAGE: http://awsalter.com

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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