AoM Slides

27 August 2011 at 3:47 pm 3 comments

| Peter Klein |

Thanks to Peter L. for his report on the “Austrian Economics and Entrepreneurship Studies” PDW at the Academy of Management conference. Here, for your viewing pleasure, are the slides: my opening remarks on the origins and development of the Austrian school, Henrik’s discussion of Israel Kirzner and his influence on entrepreneurship scholarship, and Todd’s presentation on Ludwig Lachmann’s unique approach. Enjoy!

Entry filed under: - Klein -, Austrian Economics, Conferences, Entrepreneurship, Teaching. Tags: .

Two Interesting and Different Strategies for Tie-in The Stresses of New Technology in Firm and Family

3 Comments Add your own

  • 1. Henri  |  27 August 2011 at 4:40 pm

    When I read Shane & Venkataraman AMR article as a PhD student I thought it was flawed because its arguments supposed the future to be predetermined (this seems a clearly unacceptable basis for building arguments). Their discussion of opportunities seemed to be a metaphysical speculation that would offer nothing to anyone (well, legimacy maybe). The authors even themselves note that the paper may have logical contradictions (how many other AMR articles state that!). Anyhow, 3.2k citations!

    This is not really my domain, but looking at the slides, Klein (2008) seems to have gotten this ‘right’. I also liked reading Baker & Nelson (2005) paper on bricolage, which elaborates the ‘imagination’ of opportunities (in part) as social construction of resource environments.

    Obviously a lot of stuff has been done on opportunities and a lot of it must be really good. As an occasional reader, I sometimes ponder if it would be even clearer if entrepreneurial opportunities would be simply called ‘business plans’ (I think Gartner proposed this?). I don’t fully understand how Austrian economics clarifies Shane’s 2000 orgsci finding that the prior knowledge people have influences the content of business plans they come up with.

  • 2. Peter Klein  |  28 August 2011 at 10:36 pm

    Well, I certainly can’t diagree with you on Klein (2008). :) I agree that the term “business plan” is more straightforward than “opportunity,” because it highlights the conjectural nature of entrepreneurial visions; as you point out, “opportunity” seems to make sense only ex post, after profits were realized. I also like Mark Casson’s notion of “projects,” which are business plans backed up by tangible investment.

  • 3. Rafe’s Roundup August 29 at Catallaxy Files  |  29 August 2011 at 6:59 am

    [...] Peter Klein at Organizations & Markets , some sets of slides from a recent conference: key figures in the Austrian School, Israel [...]

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
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Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
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