Governance Regimes

Economics of Entrepreneurship

About this lecture

In this video Professor Peter Klein traces the development of Economic thought concerning entrepreneurship starting from the late 18th century through contemporary developments. He offers a useful taxonomy of the literature; in which he distinguishes the different perspectives on analyzing entrepreneurship.

References

Cantillon, R. (1755). Essai sur la Nature du Commerce en Général (H. Higgs, Trans. H. Higgs Ed.). London: Frank Cass and Company.

Schumpeter, Joseph A. 1911. The Theory of Economic Development. Cambridge, Mass.: Harvard University Press, 1934.

Knight, Frank H. 1921. Risk, Uncertainty, and Profit. New York: August M. Kelley.

Baumol, William J. 1993. Entrepreneurship, Management and the Structure of Pay-Offs. Cambridge, Mass.: MIT Press.

Kirzner, Israel M. 1973. Competition and Entrepreneurship. Chicago: University of Chicago Press.

Foss, Nicolai J., and Peter G. Klein. 2012. Organizing Entrepreneurial Judgment: A New Approach to the Firm. Cambridge: Cambridge University Press.

Part of the IOE ecosystem

Governance and Regulation Chair, Université Paris-Dauphine – PSL Institutional & Organizational Economics Academy Society for Institutional & Organizational Economics