Peter G. Klein is W. W. Caruth Endowed Chair, Professor of Entrepreneurship, and Chair of the Department of Entrepreneurship and Corporate Innovation at Baylor University’s Hankamer School of Business. He also serves as Director of the Baugh Center’s Free Enterprise Initiative. He is Adjunct Professor of Strategy and Management at the Norwegian School of Economics and Carl Menger Research Fellow at the Mises Institute.
Klein is Co-Editor of the Strategic Entrepreneurship Journal and Associate Editor of the Independent Review. He was previously Field Editor for the Journal of Business Venturing and Associate Editor for the Academy of Management Perspectives. He was Chair of the Academy of Management’s Entrepreneurship Division and also served as Chair of the Institutional and Behavioral Economics Section of the Agricultural and Applied Economics Association.
His 2012 book Organizing Entrepreneurial Judgment (with Nicolai Foss, Cambridge University Press) won the Foundation for Economic Education Best Book Prize and has been translated into Chinese, Polish, and Persian. His 2010 book The Capitalist and the Entrepreneur (Mises Institute) has been translated into Chinese and Portuguese. His newest book, Why Managers Matter: The Perils of the Bossless Company (PublicAffairs/Hachette, with Nicolai Foss), appeared in 2022. He holds an Honorary Professorship at the Beijing University of Information Science and Technology.
He received his PhD in economics from the University of California, Berkeley, and a BA in economics from the University of North Carolina, Chapel Hill. He has held faculty positions at the University of Missouri, the Copenhagen Business School, the University of Georgia, and Washington University in St. Louis. He was a Senior Economist for the Council of Economic Advisers in 2000-01.
Klein’s research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, and public policy. His work has appeared in Academy of Management Review, Organization Science, Strategic Management Journal, RAND Journal of Economics, Strategic Entrepreneurship Journal, Journal of Business Venturing, Entrepreneurship Theory and Practice, Industrial and Corporate Change, Managerial and Decision Economics, Journal of Industrial Economics, Sloan Management Review, and other outlets.
His work has been funded by the National Science Foundation, the Kauffman Foundation, the Mises Institute, the Illinois-Missouri Biotechnology Alliance, and other organizations.