Confronting Neoclassical Myths about Self-employment in Latin America

This article analyzes the nature of micro-entrepreneurship in Argentina and relates it to the empirical evidence available for other Latin American countries. It focuses on whether the sector resembles the neoclassical view, characterized by the risk-taking nature of the entrepreneurial activity, or...

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Bibliographic Details
Published inThe Review of radical political economics Vol. 42; no. 1; pp. 50 - 65
Main Author Montes-Rojas, Gabriel V.
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.03.2010
SAGE PUBLICATIONS, INC
Subjects
Accumulation
Argentina
Capital accumulation
Capital formation
Classification
Economic Theories
Employment
Entrepreneurs
Entrepreneurship
Human capital
Insecure
Labour economics
Labour market structure
Latin America
Microfinance
Mythology
Risk
Risk taking
Self Employment
Self-employed workers
Latin America
Argentina
micro-firms
self-employment
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Summary:This article analyzes the nature of micro-entrepreneurship in Argentina and relates it to the empirical evidence available for other Latin American countries. It focuses on whether the sector resembles the neoclassical view, characterized by the risk-taking nature of the entrepreneurial activity, or if it is a precarious form of employment of last resort. The evidence confronts the neoclassical view of the micro-entrepreneur sector. It is argued that self-employment should be interpreted as functional to the capital accumulation process and not as a residual activity. JEL classification: J23, L25
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ISSN:0486-6134
1552-8502
DOI:10.1177/0486613409357180