The Capitalist and the Entrepreneur

The Capitalist and the Entrepreneur: Essays on Organizations and Markets is a collection of essays by American economist Peter G. Klein. Klein makes the argument that entrepreneurship is a far broader, pervasive, and more important phenomenon in the market and in the free society than the common mainstream definition given and understood by researchers and policymakers.

In this anthology Klein rehabilitates and expands the classical concept of the entrepreneur as a judgmental decision-maker, linking the capitalist-investor and the entrepreneur-promoter. Building on foundations laid by the Austrian School of economics, Frank Knight’s theory of uncertainty, and the modern economics of organization, Klein shows how an entrepreneurial perspective sheds light on firm size and structure, corporate governance and control, mergers and acquisitions, organizational design, and a host of managerial and financial problems.

The text also offers a reinterpretation of the modern Austrian School and a critique of the “opportunity-discovery” perspective in modern entrepreneurship studies. A series of shorter essays cover other topics such as the economics of the Internet, network theory, the socialism of the intellectual class, the financial crisis, and the contributions of Carl Menger, F. A. Hayek, and Oliver Williamson.

Links

 * (including full text)
 * Full text at Scribd
 * Foreword by Doug French
 * Introduction (at LRC here)
 * Excerpt "Opportunity and the Entrepreneur"
 * Sell Sheet


 * Articles, essays and reviews
 * (On Introduction)(On Chapter 1)(On Chapter 2)(On Chapter 3)(On Chapter 4)
 * "Entrepreneurship and Self-Finance" (PDF) by Richard C. B. Johnsson, January 2005
 * "The Role of Entrepreneurship in Desocialization" (PDF) by Jeffrey M. Herbener
 * "Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures" (PDF) by Peter G. Klein & Sandra K. Klein, Summer 2001
 * "Professor Hebert on Entrepreneurship" (PDF) by Murray N. Rothbard Fall 1985
 * "Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis" (PDF) by Matthew McCaffrey, Fall 2009
 * "Entrepreneurship and Self-Finance" (PDF) by Richard C. B. Johnsson, January 2005
 * "The Role of Entrepreneurship in Desocialization" (PDF) by Jeffrey M. Herbener
 * "Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures" (PDF) by Peter G. Klein & Sandra K. Klein, Summer 2001
 * "Professor Hebert on Entrepreneurship" (PDF) by Murray N. Rothbard Fall 1985
 * "Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis" (PDF) by Matthew McCaffrey, Fall 2009
 * "Professor Hebert on Entrepreneurship" (PDF) by Murray N. Rothbard Fall 1985
 * "Entrepreneurship, Economic Evolution, and the End of Capitalism: Reconsidering Schumpeter's Thesis" (PDF) by Matthew McCaffrey, Fall 2009


 * Other media
 * Author's Forum: The Capitalist and the Entrepreneur lecture by Peter G. Klein, March 2011 (YouTube)
 * Austrian Economics for Capitalists and Entrepreneurs lecture by Peter G. Klein, July 2010
 * Entrepreneurship and the Capitalist Society Inteview with Peter G. Klein, June 2011
 * What is the role of the capitalist entrepreneur in Austrian Economics? clip from Murray Rothbard


 * Related courses
 * Entrepreneurship in a Capitalist Economy Mises Academy course by Peter G. Klein
 * Big Business and the Market: Friends or Foes? Mises Academy course by Art Carden and Peter G. Klein