My Contributions to Entrepreneurship Theory

The Routledge Companion to the Makers of Modern Entrepreneurship, Forthcoming

Baugh Center for Entrepreneurship and Free Enterprise, Research Working Paper 2016-03

16 Pages Posted: 6 May 2016

See all articles by Peter G. Klein

Peter G. Klein

Baylor University - Hankamer School of Business; Norwegian School of Economics (NHH) - Department of Strategy and Management; Ludwig von Mises Institute

Date Written: May 4, 2016

Abstract

I briefly summarize my contributions to entrepreneurship theory, focusing on the links between contemporary entrepreneurship research, the “Austrian” understanding of markets and prices, and the economic theory of the firm. I articulate the “judgment-based approach” to entrepreneurial action and argue that entrepreneurship can and should be more tightly integrated into theories of production and exchange, firm strategy and organization, and public policy and ad-ministration. I also distinguish the judgment-based approach from the opportunity-discovery perspective associated with Israel Kirzner.

Keywords: entrepreneurship, judgment, theory of the firm, equilibrium

JEL Classification: B31, M13, L22

Suggested Citation

Klein, Peter G., My Contributions to Entrepreneurship Theory (May 4, 2016). The Routledge Companion to the Makers of Modern Entrepreneurship, Forthcoming; Baugh Center for Entrepreneurship and Free Enterprise, Research Working Paper 2016-03. Available at SSRN: https://ssrn.com/abstract=2776222

Peter G. Klein (Contact Author)

Baylor University - Hankamer School of Business ( email )

Waco, TX 76798
United States
254-710-4903 (Phone)

Norwegian School of Economics (NHH) - Department of Strategy and Management ( email )

Breiviksveien 40
N-5045 Bergen
Norway

Ludwig von Mises Institute ( email )

Auburn, AL
United States

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