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☆ JOURNAL OF BUSINESS VENTURING ☆
Volume 32, Issue 5, September 2017, Pages 536-549

" Where did interpretivism go in the theory of entrepreneurship?"

Mark D. Packard

~~~~~~~~~~~~~~~~~~ ABSTRACT ~~~~~~~~~~~~~~~~~~
I argue that an interpretivist philosophic approach has been neglected in modern entrepreneurship research, but that such an approach may be most appropriate to the individualist nature of entrepreneurship. Realist meta-theories suffer from issues of paradigm incommensurability that may be at the heart of the present difficulties in defining and delineating the field of entrepreneurship. Interpretivism offers a potentially groundbreaking philosophical alternative that highlights the source of entrepreneurship in individuals rather than in abstract markets, emphasizing emergence rather than presuming opportunity existence. In this paper I defend interpretivism against its critics and revisit the nature of entrepreneurship through this lens. I show that process theories of entrepreneurship are aligned with interpretivist meta-theory, and that their explicit adoption of an interpretivist foundation may better facilitate theoretical progress.

~~~~~~~~~~~~~~~~~~ HIGHLIGHTS ~~~~~~~~~~~~~~~~~~
• Interpretivism may be more appropriate for studying entrepreneurship than realism.

• Realism runs into problems of paradigm incommensurability, whereas interpretivism does not.

• Entrepreneurship is the intentional pursuit of new economic value.

• An interpretivist research program for entrepreneurship is introduced.

~~~~~~~~~~~~~~~~~~~~ LINK ~~~~~~~~~~~~~~~~~~~~
sciencedirect.com/science/article/abs/pii/S088390261730383X

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