Archive for Peter Klein

The Right Way to View Entrepreneurship

6814Mises Daily Weekend by Peter Klein and Nicolai Foss:

Much of the existing research on entrepreneurship focuses only on start-ups and small business. But entrepreneurship is a much broader topic and entrepreneurs appear everywhere as drivers of greater wealth and economic growth. Peter Klein and Nicolai Foss discuss new ways to study this phenomenon.

Video: Peter Klein Discusses the Hobby Lobby Decision & Private Property

Peter Klein discusses property rights, privilege, and free markets, in light of the U.S. Supreme Court’s recent Burwell v. Hobby Lobby decision.

Video: Peter Klein Explains Government’s Role as Technological Innovator

Peter Klein discusses who should make the decisions to best allocate scarce resources and time.

Video: Peter Klein Explains How Entrepreneurs Help Shape Our Economy

In this excerpt from his recent “Liberty on the Rocks” interview with Justin Longo, Peter Klein explains the importance of entrepreneurship.

Peter Klein on Power Trading Radio

John O’Donnell interviews Dr. Peter Klein of Mises.org on the critique of the popular new book “Capital in the 21stCentury” by Thomas Piketty. The topics include income inequality cause and effect, role of Fed intervention in capital markets, malinvestment in boom/bust cycles with anemic price discovery and the 99% vs the 1% myth. They also discuss why boomers are working longer and the impact of youth joining the workplace.

Thomas Piketty on Inequality and Capital

6736In today’s Mises Daily, Hunter Lewis and Peter Klein discuss Piketty’s new book, Capital in the Twenty-First Century:

Thomas Piketty, a 42-year-old economist from French academe has written a hot new book: Capital in the Twenty-First Century. The U.S. edition has been published by Harvard University Press and, remarkably, is leading the best seller list; the first time that a Harvard book has done so. A recent review describes Piketty as the man “who exposed capitalism’s fatal flaw.”

The Mises View: “Common Sense on Inequality”

Peter Klein talks about inequality—how people are different, what determines income and wealth on the free market, why elites are so excited about Thomas Piketty’s new book on capital, and how attempts to reduce aggregate inequality through progressive taxation are fraught with difficulty.

All Videos from ‘Inflation: Causes, Consequences, and Cure’

From the April 11 Seminar: Inflation: Causes, Consequences, and Cure. A seminar for High School and College Students

(Six Videos)

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Peter Klein: ‘The Road to Serfdom’ at 70

From the panel recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 20 March 2014.

Extended Version of Peter Klein’s Interview on Entrepreneurship

eTalks1[After reading Peter Klein's interview in Mises Daily today, you're probably thinking to yourself: "I would love to read more on this, and I want to do it right now." So, here is the full 3,000-word original version of the interview, thanks to eTalks. -ed]

Editor’s Note: Peter G. Klein, is Executive Director and Carl Menger Research Fellow of the Mises Institute and Associate Professor in the Division of Applied Social Sciences at the University of Missouri. At Missouri he also directs the McQuinn Center for Entrepreneurial Leadership, and he holds adjunct faculty positions with the Truman School of Public Affairs and the Norwegian School of Economics. His research focuses on the economics of organization, entrepreneurship, and corporate strategy, with applications to diversification, innovation, food and agriculture, economic growth, and vertical coordination. Klein has authored or edited five books and has published over 70 academic articles, chapters, and reviews.

He taught previously at the University of California, Berkeley, the University of Georgia, and the Copenhagen Business School, and served as a Senior Economist with the Council of Economic Advisers. He is also a former Associate Editor of The Collected Works of F. A. Hayek. He lectures regularly at the Mises University and other Mises Institute events.

Klein received his Ph.D. in economics from the University of California, Berkeley and his B.A. from the University of North Carolina-Chapel Hill. He co-founded the popular management blog Organizations and Markets.

To learn more about him, check out this this this this and this.

eTalk’s Niaz Uddin has interviewed Peter Klein recently to gain insights about entrepreneurship, economics and education which is given below.

Niaz: Dear Peter, thank you so much for joining us in the midst of your busy schedule. We are very thrilled and honored to have you at eTalks.

Peter: It’s my pleasure to participate!

Niaz: You are the prominent researcher, speaker, author, analyst and think tank in the field of entrepreneurship, innovation, economics, and education. At the very beginning of our interview can you please tell us about Entrepreneurship? What is entrepreneurship to you? What are the different contexts of entrepreneurship?

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Entrepreneurship: The Driving Force of the Economy

6717Peter Klein writes in today’s Mises Daily:

Unfortunately, most people see economics as a dry, technical subject that involves poring over charts and graphs and writing equations to describe the “equilibrium” behavior of hypothetical actors. But economics is a logical, deductive, human science about real people acting in the real world, with all the dynamism, unpredictability, and creativity that entails. Markets aren’t static, lifeless mathematical constructs but lively, vigorous spaces where people interact and coordinate. Firms, markets, and industries don’t just come into existence by themselves, they have to be created and operated by real people with real responsibility. These people are entrepreneurs, what Mises called the “driving force” of the market economy. That’s one reason I’m attracted to the “Austrian” approach to economics, which has always placed the entrepreneur at the front and center of production and exchange — not an incidental actor who steps in to introduce novelty then fades into the background as the “normal” market process resumes. Entrepreneurship, as decisive action under uncertain conditions, is at the very heart of a market economy.

Even More Photos From the Austrian Economics Research Conference (#1)

Some more photos from the AERC:
P1040584 P1040653 P1040632 P1040544 P1040394 P1040324 P1040308 P1040279

Video: The Present State of Entrepreneurship Research

The Murray N. Rothbard Memorial Lecture, sponsored by Hélio Beltrão. Recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 21 March 2014.

Audio: Peter Klein Examines ‘The Present State of Entrepreneurship Research’

MP3 Audio.

“The Present State of Entrepreneurship Research” by Peter G. Klein. The Murray N. Rothbard Memorial Lecture, sponsored by Hélio Beltrão. Recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 21 March 2014.

Intellectual Property and Entrepreneurship in March’s ‘The Free Market’

marfmThe March issue of The Free Market is now online featuring David Gordon’s new review of Butler Shaffer’s A Libertarian Critique of Intellectual Property:

Butler Shaffer’s superb new monograph offers an easy way to unravel the IP puzzles. He starts from a fundamental prin­ciple basic to libertarianism and explains how the implications of this principle shed light on IP issues.

What is this principle? It is that rights stem from “the informal processes by which men and women accord to each other a respect for the inviolability of their lives”… In adopting this stance, Shaffer puts himself at odds with much that passes in our day for wisdom among professors of law.

And Peter Klein discusses how the entrepreneur is at the center of what drives economic growth:

Markets aren’t static, lifeless mathematical constructs but lively, vigorous spaces where people interact and coordinate. Firms, markets, and industries don’t just come into existence by themselves, they have to be created and operated by real people with real responsibility. These people are entrepreneurs, what Mises called the “driving force” of the market economy.

Also in this month’s issue is a wide variety of scholar and alumni notes, and news from the Mises Institute including Gary North’s donation of his 10,000 books, and more.

 

Video: Peter Klein Asks: “Can Government Create Innovation?”

Peter Klein explains why the Obama administration can’t create innovative manufacturing hubs by simply throwing around taxpayer’s money.

Video: “How Do We Stop Rising Healthcare Costs?”

Peter Klein articulates several reasons why our current “Healthcare System” is so expensive, and explains how only the free market, with transparent pricing and competition, can halt the escalating costs.

Peter Klein and Tom Woods Take Down Marx

On the Tom Woods Show:

Video: Peter G. Klein Discusses Entrepreneurship and Rural Revitalization

Peter Klein at the Oklahoma Council of Public Affairs discussing entrepreneurship, agriculture, commodities, protectionism, rural economies, and more.

VIDEO: Peter Klein Explains “Coffee Market Fluctuations”

Peter G. Klein responds to a recent NPR story by Uri Berliner entitled “Coffee Futures: The Highs And Lows Of A Cup Of Joe”. Dr. Klein explains how a free market in coffee commodities would function. Klein is the Mises Institute’s Executive Director and Carl Menger Research Fellow.