The Field That Started Borrowing, and Then Refused to Stay in Debt

For decades, entrepreneurship was the academic equivalent of the kid in the back of the classroom who kept asking awkward questions. Economics departments tolerated it. Psychology departments ignored it. Sociology departments assumed it was just a footnote about small business owners. Entrepreneurship researchers, in turn, did what any hungry new field does: they stole. They borrowed theories from economics, methods from psychology, frameworks from sociology, and even metaphors from biology. They took whatever worked.
Then something strange happened. Around the late 2010s, the borrowing started to reverse.
Roy Thurik, David Audretsch, Joern Block, and Andrew Burke, four researchers who have collectively shaped modern entrepreneurship scholarship, decided to track this shift. In a 2023 paper published in Small Business Economics, they asked a question that would have sounded arrogant twenty years ago: What does entrepreneurship research now offer back to the fields it once pillaged? (Thurik et al., 2023).
The answer, it turns out, is a lot. And it is not just about startups.
Why Economics Had to Rethink Its Own Assumptions

Economics has a problem with equilibrium. For most of its history, the field treated balance as the natural state of markets. Firms settle into stable positions. Prices find their level. Disruption is an anomaly, a temporary deviation before things snap back to normal.
Entrepreneurship researchers never bought this. They spent decades watching entrepreneurs do the opposite of equilibrating. Entrepreneurs break things. They create new markets where none existed. They make old products obsolete. The entire logic of entrepreneurship is built on disequilibrium, on the idea that someone can walk into a stable industry and shatter it.
Thurik and his colleagues argue that this perspective has started to infect economics proper. The authors point to the rise of "entrepreneurial economics" as a subfield that no longer treats the entrepreneur as a special case. Instead, it treats entrepreneurship as the engine that drives economic change itself. The entrepreneur is not the exception to the rule. The entrepreneur is the rule. Markets do not tend toward equilibrium. They tend toward creative destruction, and that destruction is what generates growth (Thurik et al., 2023).
This matters because it changes what economists study. Instead of asking how to maintain stability, they now ask how to foster disruption. Instead of measuring efficiency, they measure adaptability. The field is still wrestling with this shift, but the direction is clear. Entrepreneurship research forced economics to admit that its core assumption about how markets work might be backwards.
The Psychology of "Why Not?" Instead of "Why?"

Psychology, for a long time, studied people who did not take risks. The field focused on cognitive biases, risk aversion, and the many ways humans irrationally avoid uncertainty. The implicit assumption was that risk is bad, and the rational person minimizes it.
Entrepreneurship researchers looked at this and said: Wait. There is a whole population of people who do the opposite. They start companies. They bet their savings on unproven ideas. They work eighty hours a week for years with no guarantee of payoff. What is going on in their heads?
Thurik and his colleagues document how entrepreneurship research pushed psychology to ask new questions. Instead of only studying why people avoid risk, psychologists started studying why people seek it. They began looking at overconfidence not just as a bias but as a mechanism that enables action. They examined passion, not as a soft variable but as a measurable psychological force that predicts persistence and performance (Thurik et al., 2023).
The authors note that entrepreneurship research also challenged psychology's focus on individual traits. Entrepreneurs do not act alone. They operate in teams, within networks, inside cultures that either encourage or suppress risk taking. This forced psychology to expand its lens from the individual mind to the social context that shapes it. The field of entrepreneurial cognition, now a legitimate subfield of psychology, emerged directly from this cross pollination.
What psychology got back, in short, was a richer model of human motivation. Not everyone is trying to avoid loss. Some people are trying to create something that did not exist before, and that drive looks different from the models psychology had built.
Sociology's Blind Spot About the Person Who Changes the Rules
Sociology has a complicated relationship with agency. The field is built on structures, institutions, norms, and the many invisible forces that constrain human behavior. The individual, in much sociological theory, is a product of these forces. You do not choose your class, your education, or your opportunities. They are given to you by the system.
Entrepreneurship researchers found this useful but incomplete. Entrepreneurs are the people who break out of structures. They create new norms. They build institutions where none existed. They do not just follow the rules. They change them.
Thurik and his coauthors describe how entrepreneurship research pushed sociology to take agency more seriously. The authors point to the concept of "entrepreneurial agency" as a specific contribution that has now been adopted by sociologists studying everything from social movements to organizational change. The insight is simple but powerful: structures are real, but they are not permanent. People can rewrite them, and studying how they do that is a legitimate sociological question (Thurik et al., 2023).
This also helped sociology become more practical. Instead of only describing how systems constrain people, sociologists began asking how people could navigate or reshape those systems. Entrepreneurship research, the authors argue, gave sociology a model of how change actually happens from the bottom up. It is not just about revolutions or policy shifts. It is about individuals making small, repeated decisions that slowly alter the landscape.
Geography Discovered That Place Matters More Than It Thought
Geography is a field that has always known location matters. But for much of its history, geography treated location as a static variable. A city has certain resources. A region has certain industries. The question was how to map these features, not how they changed.
Entrepreneurship research flipped this. Thurik and his colleagues describe how the study of entrepreneurial ecosystems became a major influence on economic geography. Instead of asking what a place has, researchers asked what a place does. Why do startups cluster in certain cities? Why do some regions produce serial entrepreneurs while others produce none? How does the density of entrepreneurial activity change the character of a place over time? (Thurik et al., 2023).
The authors note that this perspective has now been absorbed into mainstream geography. The concept of "regional entrepreneurship" is no longer a niche interest. It is a standard variable in studies of urban development, innovation, and economic resilience. Cities are no longer just containers for economic activity. They are ecosystems that can be designed, nurtured, and measured.
This is not abstract. It has direct policy implications. If you want to revitalize a struggling region, you do not just build infrastructure. You build conditions that encourage people to start companies. Geography, thanks to entrepreneurship research, now has a playbook for that.
Biology? Really?
This is the most surprising example Thurik and his colleagues offer, and it deserves attention because it shows how far entrepreneurship research has reached.
Biology and entrepreneurship do not seem like natural bedfellows. One studies cells and organisms. The other studies business creation. But the authors document a growing exchange around the concept of "entrepreneurial ecosystems," which borrows directly from ecological biology. In ecology, an ecosystem is a community of organisms interacting with each other and their environment. In entrepreneurship, an ecosystem is a community of startups, investors, universities, and support organizations interacting in a region.
The borrowing has now gone both ways. Biologists, the authors report, have started using entrepreneurial concepts to study how organisms adapt to changing environments. The idea of "niche construction" in evolutionary biology, where organisms do not just adapt to their environment but actively shape it, maps directly onto entrepreneurial behavior. Entrepreneurs create new niches. They do not just find them. Biologists are now studying this as a general principle of adaptive systems, not just a human phenomenon (Thurik et al., 2023).
This is still a small cross pollination. But it suggests that entrepreneurship research has produced concepts general enough to apply outside economics and business entirely. That is a sign of a mature field.
How the Study Was Done
The Thurik et al. paper is not a traditional empirical study with numbers and experiments. It is a conceptual synthesis, built from a seminar held at the Erasmus Entrepreneurship Event. Seven presentations were given, each by a different scholar, each making the case for how entrepreneurship research had influenced a specific field. The authors then synthesized these presentations into a broader argument.
This methodology limits what the paper can claim. It is not a systematic review with a comprehensive database. It is a curated set of examples chosen by experts. The authors acknowledge this. They are not saying these are the only or even the most important influences. They are saying these are real, documented cases that illustrate a larger trend.
The strength of the paper is that the authors are not outsiders making claims about a field they barely know. Thurik, Audretsch, Block, and Burke are among the most cited entrepreneurship researchers alive. They have watched this field grow from the inside. Their argument carries weight because they were there for the borrowing phase, and they are now documenting the payback phase.
What This Does Not Prove
This paper is not evidence that entrepreneurship research is now the most important field in social science. It is not claiming that every discipline should adopt an entrepreneurial lens. It is not saying that entrepreneurship has solved problems that economics, psychology, or sociology could not.
What the paper does not address is equally interesting. The authors do not measure how much influence entrepreneurship research actually has compared to other fields. They do not quantify citations, grant funding, or curriculum changes. They offer qualitative examples, not statistical proof.
There is also a question of causality. Is entrepreneurship research actually driving changes in other fields, or is it simply reflecting broader shifts in how scholars think about change, agency, and systems? The authors argue for the former, but the evidence for directionality is thin. It is possible that all these fields are being reshaped by the same cultural and economic forces, and entrepreneurship research just happens to be one voice in a larger conversation.
Finally, the paper does not address the risk of overreach. Entrepreneurship is a powerful lens, but it is not the only one. Not every problem is solved by starting a company. Not every social issue benefits from an entrepreneurial approach. The authors are careful not to claim otherwise, but the reader should be equally careful not to overinterpret.
What This Actually Means
- ▸If you are a researcher in any social science, read entrepreneurship journals. They are producing concepts that will eventually migrate into your field. The ecosystem metaphor, the focus on agency, the disequilibrium model of change, these are not niche ideas. They are becoming standard tools across disciplines.
- ▸If you teach entrepreneurship, stop apologizing for your field. The paper by Thurik and his colleagues provides direct evidence that entrepreneurship research is no longer just a borrower. It is a lender. Your students are learning frameworks that economists, sociologists, and psychologists are now adopting.
- ▸If you are a policy maker, recognize that entrepreneurship research has practical applications beyond business creation. The same concepts that explain why startups cluster in cities also explain how communities adapt to change, how institutions evolve, and how individuals navigate uncertainty. These are general insights, not startup advice.
- ▸If you are a student choosing a field, consider that entrepreneurship is no longer a narrow specialty. It is a cross disciplinary hub. Studying it gives you tools that travel. You will not just learn about business. You will learn about change.
- ▸If you are skeptical of academic influence, this paper is a reminder that ideas do move. The borrowing that built entrepreneurship research is now being repaid. The question is not whether academic fields influence each other. It is which ones are paying attention.
References
- [1]Roy Thurik, David B. Audretsch, Joern Block, Andrew Burke (2023). The impact of entrepreneurship research on other academic fields. Small Business EconomicsDOI· 55 citations
