Archive for January, 2010

CFP: “Understanding Firm Growth”

| Peter Klein |

The Ratio Institute invites paper proposals from young scholars (sorry, O&M bloggers!) in economics, economic history, entrepreneurship, management, sociology, statistics, psychology, and related disciplines for a workshop on firm growth in Stockholm, 12-14 August 2010. David Audretsch and Alex Coad are keynoting. Suggested topics include the role of high-growth firms, determinants of the growth of firms, growth ambitions and attitudes towards growth, firm growth and the characteristics of the entrepreneur, the persistence of firm growth, barriers to growth, post-entry performance, firm growth in a historical perspective, and innovation and firm growth. Details here.

21 January 2010 at 5:38 pm Leave a comment

The Virtual Firm

| Peter Klein |

If the proprietor has been to business school, it can never be smaller than two persons:

Bonus material, via Craig Newmark: the Boston Globe ponders “The End of the Office.” But it won’t happen, IMHO.

21 January 2010 at 10:08 am 3 comments

OECD Data on Entrepreneurship

| Peter Klein |

A new OECD report provides data on startups and similar measures for 39 countries. Lots of variables, e.g.:

  • Number of enterprises by size class
  • Employment by size class
  • Value added by size class
  • Exports by size class
  • Employer enterprise birth rates (manufacturing and services by industry, by size class)
  • Employer enterprise death rates (manufacturing and services, by industry, by size class)
  • One- and two-year survival rates (manufacturing and services)
  • Share of one- and two-year-old employer enterprises in the population (manufacturing and services)
  • Share of high-growth firms (employment)
  • Share of high-growth firms (turnover)
  • Share of gazelles (employment)
  • Share of gazelles (turnover)
  • Employment creation by enterprise deaths

20 January 2010 at 11:52 pm Leave a comment

PowerPoint Version of “I Have a Dream”

| Peter Klein |

Bill Easterly tries his hand at PPTParody and hits a winner. The Gettysburg Address version remains the standard, of course. See also our PowerPoint archive.

20 January 2010 at 10:39 am Leave a comment

Call for Applications: “International Business in Historical Perspective: The Emergence of Global Entrepreneurship”

| Peter Klein |

The Henley Business School at the University of Reading and the Institute for Economic and Social History at the Georg August University of Göttingen are organizing a Conference/Summer School on “International Business in Historical Perspective: The Emergence of Global Entrepreneurship,” 19-20 March (conference) and 21-25 March (summer school) 2010. Details here. “During the combined conference and summer school, scholars and students will explore the concept of entrepreneurship applied to historical examples in an international context. Topics include, for instance, the performance of multinationals in foreign markets, immigrant entrepreneurship, international family firms, and the institutional framework in which entrepreneurial decisions were made.”

19 January 2010 at 3:19 pm Leave a comment

Experimental versus Conceptual Entrepreneurs?

| Peter Klein |

The latest paper in David Galenson’s artist series deals with architects, distinguishing between “experimental” and “conceptual” designers. The distinction calls to mind the different emphases of Knight’s and Kirzner’s concepts of the entrepreneur, the former centered on action and market feedback, the latter on the cognitive act of discovery. What do you think?

Innovators: Architects
David W. Galenson
NBER Working Paper No. 15661
Issued in January 2010

Frank Lloyd Wright, Le Corbusier, and Frank Gehry were experimental architects: all worked visually, and arrived at their designs by discovering forms as they sketched. Their styles evolved gradually over long periods, and all three produced the buildings that are generally considered their greatest masterpieces after the age of 60. In contrast, Maya Lin is a conceptual architect: her designs originate in ideas, and they arrive fully formed. The work that dominates her career, the Vietnam Veterans Memorial, was designed as an assignment for a course she took during her senior year of college. The dominance of a single early work makes Lin’s career comparable to those of a number of precocious conceptual innovators in other arts, including the painter Paul Sérusier, the sculptor Meret Oppenheim, the novelist J.D. Salinger, and the poet Allen Ginsberg.

18 January 2010 at 11:53 pm 4 comments

Generation Me

| Peter Klein |

HT to Randy.

18 January 2010 at 3:45 pm Leave a comment

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Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).