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Generations of historians have seen the interplay between the early modern state and its armed forces, and between warfare and state formation, as key factors in the process of modernisation. The creation of the modern state was most powerfully expressed through the supposed symbiosis between absolute regimes and standing armies. The image of geometric order and discipline generated by formations of infantry drawn up in kilometre-long battle lines; the authorities’ direct involvement in provisioning, equipping, and uniforming its soldiers; central government’s reach into every aspect of warfare and military planning. All of these have been regarded as defining traits of the interconnection between the standing army and the state. Research on the inner structures of early modern military society has, until recently, been coloured by preconceptions about functioning hierarchies and chains of command, an increasingly effective military administration, rigid discipline, and corresponding efficiency in the waging of warfare. Such a top-down view remained unchallenged as long as researchers relied almost exclusively on sources derived from governmental and/or legal provenance, leaving an impression of overwhelming state authority reaching right down to the level of the common soldier.
This study examines how university curriculum reforms that increase course selection flexibility influence entrepreneurial outcomes. Departing from traditional emphasis on educational attainment, we explore how institutional changes in education shape entrepreneurial tendencies among alumni. Leveraging a reform that removed constraints on course selection at a major university, we find that increased educational choice significantly fosters entrepreneurship. Our analysis reveals partial support for the moderating effects of individual, family, and spatial factors: the positive impact of these reforms is contingent on the type of electives and courses taken, with stronger effects observed among alumni with entrepreneurial parents, those born in urban areas, and those from higher socioeconomic backgrounds. These groups leverage specific course patterns to align their educational choices with entrepreneurial aspirations, enhancing their likelihood of pursuing entrepreneurial ventures. However, these findings also underscore the potential for educational reforms to exacerbate inequalities, disproportionately benefiting those with preexisting advantages. By integrating insights on institutional changes, course-taking patterns, and individual moderators, this study advances understanding of the interplay between education and entrepreneurship, offering implications for designing more equitable educational policies.
Family dynamics can significantly influence entrepreneurship, yet the temporal complexities of this relationship remain inadequately explored. This special issue addresses this gap by emphasizing the intricate interplay between internal family evolvability such as generational transitions and identity shifts, cultural continuity, and external adaptability to rapidly changing economic, institutional, and technological contexts in China. We introduce a dual tuning model that highlights how entrepreneurial and family firms (FFs) strategically synchronize their internal and external temporal rhythms to manage conflicts and optimize performance. This lead article reviews existing literature, articulates the dual tuning model, and synthesizes insights from the articles in this special issue to illuminate how Chinese FFs navigate tensions between evolving internal dynamics and external market demands. We conclude by identifying promising future research avenues that leverage this temporal perspective to deepen our understanding of family dynamics and entrepreneurship in China.
From the perspective of the present, the economic development of preceding periods can seem linear and inevitable, guided into being by those who benefitted most from increasing commercialisation. Yet this majoritarian narrative belies the importance of the individual and the everyday, of adaptation and creativity. Here, the author explores the potential of a minoritarian approach to entrepreneurship, in understanding medieval economic development. In tracing pottery-exchange networks as a representation of commercial development, they argue that the entrepreneurial actions of institutions and potters generate insights into economic development that challenge linear narratives, framing it as a patchwork of sociomaterial relations.
Innovation is both the creative and the destructive force at the centre of economic development. It is perhaps the best explanation of current human prosperity yet core to some of our most pressing societal problems. But how does innovation come about? How does it get managed in organizations? Moving from the most foundational ideas to the most cutting-edge debates in the field, this book serves as an invaluable companion to the field of innovation management. Each chapter summarises, discusses and critiques key academic texts, relating them to specific themes and connecting them to broader discussions in the field. Through this unique format, readers will gain insights into the important ideas and debates about innovation, how to manage it, and what it means for business and society. This book also brings interdisciplinary perspectives from economics, sociology, psychology, history and management into the conversation about how to think about innovation scientifically.
This paper investigates the long-run nexus between wealth inequality and aggregate output using a DSGE model in which wealth inequality endogenously affects individual entrepreneurship incentives, thereby influencing aggregate output. Our model passes the indirect inference test against the UK data from 1870 to 2015. We find that shocks to aggregate TFP, entrepreneurial barriers, government grant support and general government spending played significant roles in shaping historical inequality dynamics in the UK. Directly removing entrepreneurial barriers or indirectly providing government grant support to the private sector such as through inclusive loan subsidies are effective means of reducing inequality and stimulating output growth.
This chapter aims to understand the entrepreneurial perspective on legal innovation. How do those who create legal innovation make the services and products that improve the way law is used? The conversation centres on topics such as passion for innovation, identifying needs for new products and services, dealing with failure, keys to success in the market, innovation networks, regulatory approaches to innovation and innovation in the financial services industry. The chapter also considers aspects of innovation that are particular to legal services. Among them are the creation and availability of legal datasets for the application of artificial intelligence and the transferability of legal innovation to other jurisdictions with different laws.
Legal, financial, and regulatory barriers that may hinder the innovation, establishment, and operationalization of nature-based eco-ventures in the Middle East and North Africa (MENA) region must be carefully examined and addressed. While several studies have examined the importance of eco-entrepreneurship as a tool for halting biodiversity loss, an in-depth examination of the legal and policy barriers that hinder the growth of small and medium eco-enterprises (SMEEs) has remained absent. This chapter fills a gap in this regard. It examines the strategic transformations of biodiversity law and policy that are required to promote these pro-biodiversity, nature-based-SMEEs across the region. After developing a profile of law and governance barriers facing nature-based-SMEEs in the region, it proposes dynamic legal solutions for addressing such barriers.
Chapter 2 considers the historical context from which today’s station hustle has emerged as a distinct economic logic and mode of production. It relates the station’s contemporary workings to the history of local economic practices and the wider political and economic changes that have shaped commercial road transport since the early days of motorisation in the early twentieth century, emphasising the role that bus stations have played in these developments. It shows how local transport operators have long harnessed the logics of risk, competition, and shrewd resourcefulness as the principal properties of economic organisation and action, features that have allowed them to both capitalise on and compensate for the weakness of the services provided by the state. The ways in which they have accommodated the effects of state regulatory intervention are consistent with these logics: in most cases, state intervention has been considered just another element of market volatility.
Legal Innovation explores the impact of technology on the legal profession and societal change. Reflecting contributions from an international group of experts, the volume provides a comprehensive overview of the challenges and opportunities facing the legal profession today. With a particular focus on artificial intelligence, the book covers a wide range of topics, from dispute resolution and corporate governance to financial services and regulatory oversight. The conversational style of the chapters makes the content accessible while still maintaining academic rigor. This book is an essential read for policymakers, academics, lawyers, entrepreneurs, regulators and students who are interested in legal innovation and its impact on the legal profession as well as anyone interested in the intersection of law and technology. This title is also available as Open Access on Cambridge Core.
Entrepreneurship has been expunged from contemporary mainstream economics despite being an important driver and cause of economic development and growth. However, whereas Evolutionary Economics recognizes value-creative entrepreneurship, its role and impact tend to still be understated and the vast implications not fully understood. This Element attempts to remedy this by theorizing on how entrepreneurship impacts and drives market economies, the implications for economic change and renewal, and how the pursuit of new value creation determines the evolution of an economy. We find that allowing for entrepreneurial new value creation – innovative entrepreneurship – produces a different and more dynamic understanding of the market as a process, the role of knowledge and uncertainty, economic evolution and progress, as well as has important implications for political economy.
Grounded in Hofstede cultural dimensions theory, we examine how informal institutional factors shape cross-country venture capital (VC) flows. Separating VC activity into flows, our method studies how an increment in inflows supports ventures, and an increment in outflows more investing activity. Results suggest that (1) uncertainty avoidance negatively affects investors and ventures (the last with a larger effect), (2) individualistic attitudes equally support both investors and ventures, and (3) a higher level of power distance contributes to a larger private investors sector, an effect that is greater under strong formal institutions (FIs). Effects of masculinity, long-term orientation, and indulgence are inconclusive. Results are robust to various specifications, use of instruments, and endogeneity treatments. The implication is that the optimal characteristics of informal institutions for fostering VC activity differ depending on the level of FIs, as both institutions interact to affect both investors and ventures.
This chapter examines the promotion of entrepreneurship and business startups in Oman and its rhetorical targeting of youth and women. Although innovation is part of the promotion agenda, entrepreneurship is often focused on encouraging citizens to create their own private sector job. The chapter focuses on the experiences of young people in internalising entrepreneurship promotion discourses and in starting personal businesses. It illustrates two key tensions – first, the tension between rentierism embedded within authoritarian governing structures, on the one hand, and the logic of neoliberal capitalism, on the other; and second, the tensions between rhetoric and realities of youth and female empowerment narratives. Entrepreneurship is expressed and promoted as an empowering activity, and at times is experienced as such, but can also be used to legitimise or reconstitute patriarchal and authoritarian structures to accommodate the market. The space of entrepreneurship promotion is both a key tactic of labour market bandaging, and a distinct illustration of rentier neoliberalism
This chapter explores how notions of reciprocity shape new fiscal subjectivities in Ghana’s capital Accra. Drawing on historical sources, public debates and observations in public tax forums, I first discuss the long-term dynamics of ‘tax bargaining’ in Ghana since the colonial times, premised on power holders providing sufficient evidence of recipocity and return for tax payments. Secondly, this chapter provides a portrait of the intimate stakes of reciprocity between the state and citizens that characterize the process of becoming a taxpayer. By zooming in on the aspirations of a single female trader who went through the bureaucratic journey of formalizing her business and becoming a taxpayer, I propose the notion of the “nurturing state” to illustrate the intimate, personalized qualities of reciprocity that characterise emerging fiscal subjectivities in Ghana.
The chapter examines the relationship between the size and diversity of the expellee population and entrepreneurship and occupational change in West Germany. Using statistical data at the municipal and county levels, it documents a reversal of fortune: although expellee presence presented economic challenges in the immediate postwar period, in the long run, it increased entrepreneurship rates, education, and household incomes. The more regionally diverse the expellee population, the better the long-run economic performance in receiving communities.
The chapter examines how the size and diversity of the migrant population shaped economic outcomes in western Poland using statistical analysis. It shows that when state institutions were extractive, the composition of the migrant population played no role in shaping economic performance. Once institutions became more inclusive, however, municipalities settled by more regionally diverse populations registered higher incomes and entrepreneurship rates. The chapter then rules out a series of alternative explanations for these findings.
Each year, millions of people are uprooted from their homes by wars, repression, natural disasters, and climate change. In Uprooted, Volha Charnysh presents a fresh perspective on the developmental consequences of mass displacement, arguing that accommodating the displaced population can strengthen receiving states and benefit local economies. Drawing on extensive research on post-WWII Poland and West Germany, Charnysh shows that the rupture of social ties and increased cultural diversity in affected communities not only decreased social cohesion, but also shored up the demand for state-provided resources, which facilitated the accumulation of state capacity. Over time, areas that received a larger and more diverse influx of migrants achieved higher levels of entrepreneurship, education, and income. With its rich insights and compelling evidence, Uprooted challenges common assumptions about the costs of forced displacement and cultural diversity and proposes a novel mechanism linking wars to state-building.
During the last three decades of the twentieth century, John Labatt Ltd., one of Canada’s oldest and most successful breweries, attempted to gain a share of the British beer market. This article examines the push and pull factors of why foreign brewers like Labatt decided to enter the competitive British marketplace and analyzes the strategies of the winners and losers of the “lager war.” The article pays attention to the branding efforts of marketing managers and how some used product–place associations to imbue their brands with authenticity. While positive country images often lead to a favorable assessment of the products from that country, it is also true that unfavorable perceptions often foster negative assessments of their products. By examining the entrepreneurship and structural barriers of the beer industry in the United Kingdom toward the end of the twentieth century, the article adds to our understanding of the dynamics of business failure.
This address calls on historians and other social scientists to delve deeper into the nature of human imagination and its role in business. Interpreting a business plan written by my father prior to his death, I draw attention to the opportunity to use such sources to study the formation and consequences of “entrepreneurial imaginaries.” By this term, I mean the situated and embodied process by which human beings imagine desirable future ventures. Drawing on insights from neuroscience, philosophy, and psychology, I explore how recognizing the embodied nature of human imagination can deepen our understandings of how our subjects (a) imagine their ventures, (b) imagine themselves, and (c) imagine the moral worth of their venture in society. I conclude by highlighting why some of the sources and methods used by business historians may be particularly well suited for studying imagination and its relationship to entrepreneurship and change.
This chapter explains and discusses the definition of public sector innovation. Public sector innovation includes two concepts or terms: (1) public sector and (2) innovation. The first concept, “the public sector,” refers to the general government organizations owned and funded by the government and may include or exclude state-owned enterprises. The second concept, “innovation,” refers to novel ideas or practices implemented organizations. Thus, novelty and implementation are two key terms defining innovation. Therefore, public sector innovation refers to innovative activities in the public sector, and this chapter provides information about it. In addition, this chapter discusses how and in what ways innovation differs from public management reforms, organizational change, invention, creativity, entrepreneurship, and improvement.