Congratulations to LRC blogger Peter Klein on the publication of his book The Capitalist and the Entrepreneur: Essays on Organizations and Markets. Professor Klein, who holds an undergraduate degree in economics from UNC Chapel Hill and his Ph.D. from Berkeley, is a professor of economics at the University of Missouri and a senior fellow of the Ludwig von Mises Institute. His important new book, and the scholarly praise it has already won, is yet another feather in the Institute’s cap.
Klein is a pioneer in the study of entrepreneurship and the theory of the firm from an Austrian perspective. Henry Manne, one of the founders of the modern law and economics movement, and one of the most influential scholars in the field of corporate governance, had this to say about Klein’s new book: “Mainstream economics has utterly failed to come to grips with the challenge of integrating the capitalist entrepreneur into its general market model. But that may be about to change. This superb book by Peter Klein forces the issue. It is simply too logical and well reasoned for the profession to ignore. The storied entrepreneur is about to have a new chapter written in its intellectual history.”
The entire book is available for viewing online. This is a scholarly work, to be sure, and at times may not be easy reading for the beginner. But it is a substantial contribution to Austrian economics, and to the field in general.
12:15 am on May 14, 2010
