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Entrepreneurship during a pandemic

Author

Listed:
  • Virgil Henry Storr

    (George Mason University)

  • Stefanie Haeffele

    (Mercatus Center at George Mason University)

  • Jordan K. Lofthouse

    (Mercatus Center at George Mason University)

  • Anne Hobson

    (George Mason University)

Abstract

Commercial and social entrepreneurs are likely to help communities combat public health crises. Research on responses to pandemics has underappreciated the critical role of entrepreneurs. In the context of post-disaster response and recovery, entrepreneurs provide needed goods and services, repair and rebuild disrupted social networks, and can act as focal points for disaster survivors as they develop their plans to rebuild. During a pandemic, entrepreneurs perform similarly important economic and social functions. This article highlights these functions, including (1) providing the goods needed to survive and combat the pandemic, (2) performing the services needed so that people can stay productive and connected during the pandemic, and (3) acting as a source of community support and leadership. It also discusses how entrepreneurs are able to perform these roles despite operating in an environment that constricts the range and nature of entrepreneurial activity. Finally, this article describes a legal regime that will promote entrepreneurship during a pandemic.

Suggested Citation

  • Virgil Henry Storr & Stefanie Haeffele & Jordan K. Lofthouse & Anne Hobson, 2022. "Entrepreneurship during a pandemic," European Journal of Law and Economics, Springer, vol. 54(1), pages 83-105, August.
    • Handle: RePEc:kap:ejlwec:v:54:y:2022:i:1:d:10.1007_s10657-021-09712-7
    DOI: 10.1007/s10657-021-09712-7
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    Cited by:

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    More about this item

    Keywords

    COVID-19; Disaster recovery; Entrepreneurship; Pandemic; Resilience;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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