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We explore the acceptance of new contingent work relationships in the United States to reveal an emergent entrepreneurial ideology. Our argument is that these new work relationships represent a new social order not situated in the conglomerates and labor unions of the past, but on a confluence of neo-liberalism and individual action situated in the discourse of entrepreneurialism, employability, and free agency. This new employment relationship, which arose during the economic and social disruptions in the 1970s, defines who belongs inside an organization (and can take part in its benefits) and who must properly remain outside to fend for themselves. More generally, the fusing of entrepreneurship with neo-liberalism has altered not only how we work and where we work but also what we believe is appropriate work and what rewards should accompany it.

The universal “promise of entrepreneurship” has gone far beyond the borders of countries where it emerged. Education systems might play an important role in this process by legitimizing entrepreneurship related myths, principles, and social hierarchies. Surprisingly, against the literature on the role of education in producing and allocating human capital, entrepreneurship education development on organizational, national, and global scale is only emerging as a theme of mainstream academic discussions. This paper applies multi-level approach to get insights on what role might higher education have in promoting global “entrepreneurial culture,” with a focus on post-Soviet countries. We analyze supra-national initiatives, national policies, leading universities’ practices, and the actual characteristics of entrepreneurship education programs in these universities. Our results suggest that drivers of entrepreneurship education development in national higher education systems of post-Soviet countries are not only the “concrete” and “technical” institutional factors on the national level, but also the broader cultural environment. Though institutional environment in post-Soviet countries does not always objectively meet high international standards we found many cases when official policy documents state goals related to teaching entrepreneurship in higher education and there are concrete programs devoted to entrepreneurship education sharing largely similar “entrepreneurial” worldviews. We also found that the actual perceptions and strategies of the actors directly involved in entrepreneurship education practices demonstrate much higher similarity than formally declared education policies in the related countries.

This paper contributes to a growing literature that examines entrepreneurship with a critical perspective, arguing for a research agenda that makes entrepreneurialism as discourse visible. We define the discourse of entrepreneurialism as a style of thinking and economic intervention that invites actors to pursue their interests by drawing on a limited notion of agency that locates itself in an imaginary economic universe independent of institutions, broad social contexts, and identity considerations. Associated with the global rise of neoliberalism, entrepreneurialism provides actors with tools and competences to imagine organizations in narrow, instrumental terms and with an idealized notion of agency. We argue that seeing entrepreneurial capacity in such a limited way makes it impossible to fully understand entrepreneurship as a phenomenon. Highlighting the adverse consequences of entrepreneurialism, we map areas of inquiry that can contribute to the emergence of a more effective and comprehensive critical research agenda concerning entrepreneurialism.

Although economic and entrepreneurship scholars have argued that high income inequality has a positive impact on entrepreneurship by increasing the incentives for high quality human capital to take entrepreneurial risk and by enabling talented entrepreneurs to accumulate and reinvest capital into new businesses, we suggest that the relationship between economic inequality and entrepreneurship may be more complex than initially indicated in light of recent research on the topic of social trust and entrepreneurship. We propose that income inequality is likely to have a curvilinear effect on entrepreneurial activity. Although moderate levels of inequality can increase entrepreneurial activity, very high levels of inequality will begin to reduce rates of entrepreneurship due to diminished generalized social trust in the community. Lower generalized social trust decreases the sharing of information and resources leading to fewer entrepreneurial opportunities, and as a result, lower levels of entrepreneurship.

We advance entrepreneurship research by developing a theoretical model of how founding teams form. Our neo-Carnegie model situates nascent founders in particular network-structural milieus, engaging in aspiration-driven search for and evaluation of prospective co-founders. The formation of co-founding ties between nascent founders can be divided into four theoretical steps, which we label activation, evaluation, approach, and reciprocation. Successful founding team formation is a consequence of mutually favorable evaluations by nascent founders in a multi-sided matching process. Nascent founders with higher and less flexible aspirations are more likely to undertake distant search for co-founders by seeking referrals, forming ties with strangers, and forming new ties to social foci where they might meet potential co-founders. Churn in newly formed founding teams emerges as a consequence of shifting dominant coalition dynamics in the founding team caused by organic venture evolution and intentional changes in strategic direction. Our theoretical model provides new insights on the formation pathways of founding teams, their initial task and relational resource endowments, and initial team dynamics.

Entrepreneurs and their ventures are often portrayed as unambiguously positive forces in society. Specifically, high technology and equity-funded startups are heralded for their innovative products and services that are believed to alter the economic, social, and even political fabric of life in advantageous ways. This paper draws on established theory on the causes of misconduct in and by organizations to elaborate the factors that can give rise to misconduct in entrepreneurial ventures, illustrating our arguments with case material on both widely known and less well-known instances of entrepreneurial misconduct. In venturing into the dark side of entrepreneurship, we hope to contribute to theory on entrepreneurship and organizational misconduct, augment entrepreneurship pedagogy, and offer ideas and examples that can enhance entrepreneurs’ awareness of their susceptibility to wrongdoing.