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Tuesday, April 8, 2014

Entrepreneurship: The Driving Force of the Economy


Mises Daily: Tuesday, April 08, 2014 by Peter G. Klein

Author of  The Capitalist and the Entrepreneur, Peter Klein has published numerous books and articles on entrepreneurship from an Austrian perspective. Dr. Klein, who is executive director and Carl Menger Research fellow at the Mises Institute, was interviewed in late 2013 by eTalk’s Niaz Uddin on the topic of entrepreneurship:

Niaz Uddin: Tell us about entrepreneurship. What are the different contexts of entrepreneurship?

Peter Klein: The terms “entrepreneur,” “entrepreneurship,” and“entrepreneurial” are used in many ways, not always consistently! On the one hand, entrepreneurship is often used to mean self-employment: an entrepreneur is a person who starts or operates a small business. On the other hand, we also use the term “entrepreneurial”to refer to something broader, a mindset or way of thinking that emphasizes novelty, creativity, and initiative. Obviously one can be entrepreneurial in this sense without being a small-business owner......To Read More....







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