Abstract: > What is driving the declining quality of innovation-driven entrepreneurship? In this paper, we argue the growing entrepreneurship industry is an im

Abstract: > What is driving the declining quality of innovation-driven entrepreneurship? In this paper, we argue the growing entrepreneurship industry is an important yet overlooked explanation. This rapidly growing industry has transformed the nature of entrepreneurship and encouraged a particular form of low-quality entrepreneurship. It has done so by leveraging the Ideology of Entrepreneurialism to mass-produce and mass-market products that make possible what we term Veblenian Entrepreneurship. This is entrepreneurship pursued primarily as a form of conspicuous consumption. Aside from lowering average entrepreneurial quality, Veblenian Entrepreneurship has a range of (short-run) positive and (medium and long-run) negative effects for both individuals and society at large. We argue that the rise of the Veblenian Entrepreneur has contributed to creating an increasingly Untrepreneurial Economy. That is an economy which superficially appears innovation-driven and dynamic, but is actually rife with inefficiencies and unable to generate economically meaningful growth through innovation. I was hoping this paper would have some good stats about this potential phenomenon of "fake" entrepreneurship, but it seems to be a fluffed-up blog post with a few more citations for the most part. Still a good thing to investigate in the future though. I did find this quote striking: > Freeman et al (2019) found that engagement in entrepreneurship (irrespective of failure) was associated with higher levels of depression, ADHD, substance abuse and bipolar disorder, while only 24% of entrepreneurs have no mental health issues.