Organizations and Markets

Law and Entrepreneurship

31 July 2006 at 8:57 am Peter G. Klein Leave a comment

| Peter Klein |

Gordon Smith attempts to define this new field:

While legislatures, regulators, and courts sometimes tailor rules to small or emerging businesses, law typically is not organized according to whether the regulated actor is an entrepreneur. . . . “Law and entrepreneurship” is, at root, the study of the legal structure of organizations. This study includes the contracts, statutes/regulations, and common law doctrines that apply to the formation, governance, and termination of organizations.

Sounds encouraging, with the caveat that Gordon is focusing on what I call the “occupational” or “structural” concepts of entrepreneurship, rather than the broader “functional” concept emphasized in many of these papers.

Entry filed under: - Klein -, Institutions, Teaching.