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Title: Entrepreneurship and wealth generation in socially structured economies
Author: Sims, Owen
ISNI:       0000 0004 6495 0451
Awarding Body: Queen's University Belfast
Current Institution: Queen's University Belfast
Date of Award: 2017
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Academic economists and economic practitioners have recognised the need for a pragmatic reform of the economics discipline, particularly since the 2008 global financial crisis. Many also recognise the requirement for a cohesive perspective on issues regarding entrepreneurship within both a micro- and macroeconomic framework. This monograph addresses both issues. In doing so, we provide insight into the methodological basis of a relational perspective on social and economic activity through the structure and evolution of the social division of labour. Of specific interest is the emergence of new specialisations, the modification of institutions, the generation of wealth, and the positional power held by entrepreneurial agents. The theoretical development of the relational perspective is founded on a number of axioms and hypotheses, primarily derived from observations in economics and sociology. From this, we formally elaborate on the inherent sociality of individual economic agents and their production possibilities that are subjected to increasing returns to specialisation. The structure of each individuals’ production set facilitates the specialisation into a set of professions, or socio-economic roles, that become embedded within the institutional fabric of society. Networked interaction infrastructures form as a consequence of the social and economic interaction between a population of agents. The formation of interaction infrastructures leads to a distribution of positional power within the matrix of relationships. Unique positional attributes of individuals are reflected in entrepreneurial action and the exploitation of power in connecting, and potentially disconnecting, otherwise unconnected individuals and communities. We investigate entrepreneurship in this way; through networks supported by institutions. Specifically, entrepreneurship motivates the evolution of the division of labour through the creation of new socio-economic roles; this, in turn, suggests an alteration of institutional and network infrastructures, and the formation of unique positions occupied by entrepreneurs. Statistical tools are developed to investigate the positional power of entrepreneurial individuals.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available