This paper contrasts two forms of entrepreneurship -- genuine and parasitical -- within a framework of entangled political economy. In 1911, Joseph Schumpeter described entrepreneurship as the locus of leadership within a capitalist economy. At that time state participation in economic activity...

Constitutional political economy mostly distinguishes between rules and actions, with rules selected prior to actions within those rules. While we accept the coherence of this distinction, we pursue it within an open rather than closed scheme of analysis. Doing this entails recognition that...

The growth of entrepreneurship literature spurred a discussion on the distinct characteristics of the different types of entrepreneurship, with most attention being given to market, social, and political entrepreneurship. In organizing the inquiry around these supposedly distinct types of...

While one could search in vain for a definition of entrepreneurship acceptable to all entrepreneurship scholars, dominant approaches share a number of characteristics. Typically, the entrepreneur is portrayed as an agent of change who operates in a world of incomplete and dispersed knowledge...

In her recent book “Inequality: An Entangled Political Economy Perspective,” Mikayla Novak provides a new way to understand, and analyze, income and wealth inequality. By adopting Richard Wagner's framework of Entangled Political Economy, Novak creates a connection between inequality – an...

The growth of entrepreneurship literature spurred a discussion on the distinct characteristics of the different types of entrepreneurship, with most attention being given to market, social, and political entrepreneurship. In organizing the inquiry around these supposedly distinct types of...

Entrepreneurship is the economic source of change in society. While it is ubiquitous, its particular qualities depend on the system of political economy in which it operates. We distinguish between two systems of democratic political economy. One system is the classically liberal system where...

This paper combines insights from Ludwig von Mises about the mixed economy and Vilfredo Pareto about non-logical action within a social system to explore some intertemporal dynamics of an entangled system of political economy. Mises explained the inherent instability of the mixed economy. Pareto...