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Sovereign entrepreneurship

Author

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  • Alexander Salter

Abstract

Purpose - The purpose of this paper is to develop a theory of sovereign entrepreneurship, which is a special kind of political entrepreneurship. Design/methodology/approach - This paper uses qualitative methods/historical survey. Findings - 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. Research limitations/implications - Because a polity’s constitution is determined by its distribution of political property rights, sovereign entrepreneurship and constitutional change are necessarily linked. The author illustrated how sovereign entrepreneurship can be applied by using it to explain the rise of modern states. Practical implications - In addition to studying instances of sovereign entrepreneurship in distant history, scholars can apply it to recent history. Sovereign entrepreneurship can be especially helpful as a tool for doing analytic narratives of low-ncases of political-economic development, especially when those polities attract interests for being “development miracles.” Originality/value - This paper uses treats sovereignty as a political property right.

Suggested Citation

  • Alexander Salter, 2018. "Sovereign entrepreneurship," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 7(4), pages 411-427, October.
    • Handle: RePEc:eme:jepppp:jepp-d-18-00042
    DOI: 10.1108/JEPP-D-18-00042
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    More about this item

    Keywords

    Entrepreneurship; Property rights; Political entrepreneurship; Theory of the firm; Residual claimancy; Sovereign; D23; M10; H83; P16;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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