The Capitalist and the Entrepreneur

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The Capitalist and the Entrepreneur: Essays on Organizations and Markets  
The Capitalist and Entrepreneur cover.jpg
Author(s) Peter G. Klein
Country United States
Subject(s) Economics
Genre(s) Non-fiction
Publisher Ludwig von Mises Institute
Publication date 2010
Media type Print, Digital
Pages xii, 240 p.
ISBN 9781933550794
OCLC Number 639036108

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.