The Capitalist and the Entrepreneur

Sometimes when I read entrepreneurial theories I wonder if academics speak to real entrepreneurs. Peter Klein book hit the nail in the head, from my personal experience in business. He explains the role of the entrepreneur and the markets, and why only a free system is fertile soil for entrepreneurial ventures to create real growth for society.

The Capitalist and the Entrepreneur is also relevant as it explains with great detail the principles and differences in the Austrian School of Economics. With plenty footnotes to guide the readers interest to deepen in this school of thought Klein discusses why Austrian ideas about the price theory, the role of capital allocation, etc. divert from mainstream economics that reduce the entrepreneur and the firm to an abstract black box. Using the ideas of the AE Klein portraits a dynamic and living organization with the entrepreneur, managers, people and resources.

Since the interest on entrepreneurship is on the rise, Klein's book should go hand in the promotion of these ideas.

My rating: 4 of 5 stars