Present positions
W. W. Caruth Endowed Chair, Professor of Entrepreneurship, and Chair, Department of Entrepreneurship and Corporate Innovation, Hankamer School of Business, Baylor University
Faculty Director, Baugh Center for Entrepreneurship and Free Enterprise
Adjunct Professor, Department of Strategy and Management, Norwegian School of Economics
Carl Menger Research Fellow, Mises Institute
Research areas
Entrepreneurship, innovation, organizational economics, strategic management, public policy
Education
Ph.D., Economics, University of California, Berkeley, 1995. Dissertation: “Conglomerate Organization and Economic Performance: Evidence from the 1960s.” Dissertation committee: Oliver E. Williamson (chair), Bronwyn H. Hall, David J. Teece.
B.A. (Honors), Economics, University of North Carolina, Chapel Hill, 1988.
Previous positions
Professor, Division of Applied Social Sciences, University of Missouri, 2014–15 (Associate Professor, 2008–14, Assistant Professor, 2002–08).
Professor (by courtesy), Truman School of Public Affairs, University of Missouri, 2010–15.
Director, McQuinn Center for Entrepreneurial Leadership, University of Missouri, 2010–13.
Adjunct Professor, Department of Strategy, Olin School of Business, Washington University, St. Louis, 2008.
Senior Economist, Council of Economic Advisers, 2000–01.
Assistant Professor, Department of Economics, University of Georgia, 1995–2002.
Instructor, Department of Economics, University of California, Berkeley, 1989–94.
Honorary and visiting positions
Honorary Professor, Beijing Information Science and Technology University, 2015.
Visiting Chaired Professor, Department of Management and Marketing, Hong Kong Polytechnic University, July 2023.
Visiting Professor, IAE School of Management, Université d’Angers, May 2022, May 2023.
Visiting Professor, Faculté de Droit, d’Économie, et de Gestion, Université d’Angers, France, March 2009, November 2010, October 2011, April 2013, April 2014, May 2015, May 2016, May 2017, May 2018, June 2019, May 2020.
Member, Center for Strategy, Organization, and Performance, 2014 to present.
Affiliated Scholar, Dynamic Competition Initiative, 2022 to present.
Academic Affiliate, International Center for Law and Economics, 2016 to present.
Research Fellow, Independent Institute, 2010 to present.
Research Associate, Angers Economics and Management Research Group (GRANEM), 2014 to 2022.
Visiting Professor, Center for Strategic Management and Globalization, Copenhagen Business School, June–July 2009.
Visiting Associate Professor, Department of Innovation and Organizational Economics, Copenhagen Business School, 2001.
Awards and recognitions
Mentor Award, Entrepreneurship Division, Academy of Management, 2024.
Best Paper Award, Academy of Management Perspectives, for “Capitalism, Cronyism, and Management Scholarship: A Call for Clarity” (with R. Michael Holmes, Nicolai Foss, Siri Terjesen, and Justin Pepe), 2023.
O. P. Alford III Best Paper Award, Austrian Economics Research Conference, for “Why Do Companies Go Woke?” (with Nicolai J. Foss), 2023.
Research Advancement Award, Hankamer School of Business, Baylor University, 2022.
Robert and Robin Nitsche Outstanding Research Award, Hankamer School of Business, Baylor University, 2019.
ECI Research Excellence Award, Baylor University, 2019.
Best Paper Award, Strategic Entrepreneurship Journal, 2018, for “Opportunity Discovery, Entrepreneurial Action, and Economic Organization” (2008).
University Outstanding Faculty Award, Baylor University, 2018.
Brent Clum Outstanding Research Award, Hankamer School of Business, Baylor University, 2016.
SDAE/FEE Best Book Award, for Organizing Entrepreneurial Judgment: A New Approach to the Firm (with Nicolai Foss), 2014.
Best Paper Award, “Toward a Theory of Public Entrepreneurship” (with Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis), European Management Review, 2010.
Best Paper Award, “Alertness, Action, and the Antecedents of Entrepreneurship” (with Nicolai J. Foss), Journal of Private Enterprise, 2010.
Distinguished Paper Award, Business Policy and Strategy Division, Academy of Management, 2005
TIAA-CREF Outstanding Paper Award, Corporate Finance, Eastern Finance Association, 2000.
Frank T. and Harriet Kurzweg Award for Outstanding Scholarship on Personal Liberty, Private Property, and Individual Responsibility, Ludwig von Mises Institute, 2005.
Exceptional Teaching Recognition, M.Sc. Program Study Board, Copenhagen Business School, 2001
G. P. Swift Award for Outstanding Teaching in Undergraduate Economics, Terry College of Business, University of Georgia, 1997.
Charles B. Knapp Award for Excellence in Undergraduate Instruction, Economics Club, University of Georgia, 1997.
Books
Foss, Nicolai J., and Peter G, Klein, Why Managers Matter: The Perils of the Bossless Company (New York: PublicAffairs, 2022).
Foss, Nicolai J., and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge: Cambridge University Press, 2012). Polish translation by Jan Lewiński, Organizowanie działania przedsiębiorczego. Nowe spojrzenie na firmę (Wroclaw: Instytut Ludwiga von Misesa, 2017). Chinese translation by Haijiu Zhu, Jingjing Wang, and Yuxiao Tu, Qi ye jia de qi ye li lun (Beijing: China Social Sciences Press, 2020). Persian translation by Amir Emami, Elahe Hamidikhah, Mohammad Otadi, and Mohsen Barati, کارآفری قضاوت سازماندھی (Tehran: Jahad Daneshgahi Press, 2020).
Klein, Peter G., and Michael E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Cheltenham, U.K.: Edward Elgar, 2010).
Klein, Peter G., The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Auburn, Ala.: Ludwig von Mises Institute, 2010). Chinese translation, Ziben jia he qiye jia (Shanghai: Shanghai University of Finance and Economics Press, 2014). Portuguese translation, O Capitalista e o Empreendedor: Ensaios sobre organizações e mercados (São Paulo: Instituto Ludwig von Mises Brasil, 2015).
Foss, Nicolai J., and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Aldershot, U.K.: Edward Elgar, 2002).
Klein, Peter G., ed., The Fortunes of Liberalism: Essays on Austrian Economics and the Ideal of Freedom, vol. 4 of The Collected Works of F. A. Hayek (Chicago: University of Chicago Press, and London: Routledge, 1992). Spanish translation, Las vicisitudes del liberalismo: Ensayos sobre Economía Austriaca y el ideal de libertad (Madrid: Unión Editorial, 1996).
Articles in refereed journals
Foss, Nicolai J., and Peter G. Klein, “Counterpoint: Do We Need a New Strategy Paradigm? No,” Journal of Management Studies, forthcoming.
Wright, Thomas A., Kyle Emich, Jone L. Pearce, Stratos Ramoglou, Neal Ashkanasy, Jean M. Bartunek, Sven Kunisch David Denyer, Nicolai J. Foss, Peter G. Klein, Sophia Town, John Hollwitz, Chet E. Barney, Peter Harms, Timothy P. Munyon, Gerard Seijts, and Eric W.K. Tsang, “Advocacy and the Search for Truth in Management Scholarship: Can the Twain Ever Meet?” Journal of Management Inquiry, forthcoming.
Foss, Nicolai J., and Peter G. Klein, “Ideology and Organizational Dynamics: Clarifying and Generalizing Our Argument” [commentary response], Academy of Management Perspectives, forthcoming.
Zahra, Shaker, Yong Li, Rajshree Agrawal, Jay B. Barney, Gary Dushnitsky, Melissa E. Graebner, Peter G. Klein, and Saras Sarasvathy, “Developing Theoretical Insights in Entrepreneurship Research” [Editorial], Strategic Entrepreneurship Journal 18, no. 1 (March 2024): 3-20.
Klein, Peter G., R. Michael Holmes, Nicolai Foss, Siri Terjesen, and Justin Pepe, “Government and Cronyism: A Reply to Chalmers’s Comment,” Academy of Management Perspectives 38, no. 2 (February 2024): 106-19.
Foss, Nicolai J., and Peter G. Klein, “Why Do Companies Go Woke?” Academy of Management Perspectives 37, no. 4 (November 2023): 351-67. [SSRN version]
Foss, Nicolai J., Peter G. Klein, Lasse B. Lien, Thomas Zellweger, and Todd R. Zenger, “Ownership Competence: The Enabling and Constraining Role of Institutions” [Commentary Response], Strategic Management Journal 44, no. 8 (August 2023): 1955-64.
McCaffrey, Matthew, Nicolai J. Foss, Peter G. Klein, and Joseph T. Salerno, “Breaking Out of the Kirznerian Box: A Reply to Sautet,” Review of Austrian Economics 36, no. 3 (September 2023): 461-81. [SSRN version]
Foss, Nicolai J., and Peter G. Klein. “Why Managers Matter as Applied Organization (Design) Theory,” Journal of Organization Design 12, nos. 1–2 (June 2023): 7-18. [SSRN version]
Foss, Nicolai J., and Peter G. Klein. “Why Managers Matter: Reactions and Reflections,” Journal of Organization Design 12, nos. 1–2 (June 2023): 51-57.
Maldonado-Bautista, Ileana, Peter G. Klein, and Kendall W. Artz, “The Role of Political Values and Ideologies of Entrepreneurs and Financiers,” Entrepreneurship Theory and Practice 47, no, 1 (January 2023): 172-205.
Klein, Peter G., R. Michael Holmes, Nicolai Foss, Siri Terjesen, and Justin Pepe, “Capitalism, Cronyism, and Management Scholarship: A Call for Clarity,” Academy of Management Perspectives 36, no. 1 (February 2022): 6–29.
Foss, Nicolai, Peter Klein, and Samuele Murtinu, “The Economy Doesn’t Need a Great Reset, and Neither Does Management Theory,” Scandinavian Journal of Management, 38, no. 3 (2022).
Klein, Peter G., Robert Wuebker, Mo Chen, and Kathrin Zoeller, “Evaluating an Organizational Innovation: Evidence from the Conglomerate Merger Wave,” Industrial and Corporate Change 30, no. 4 (August 2021): 905-26.
Packard, Mark, Per Bylund, and Peter G. Klein, “Human Action and Human Design: An Austrian Approach to Design Science,” Journal of Business Venturing Design 1, nos. 1–2 (July–December 2021).
Nell, Phillip C., Nicolai J. Foss, Peter G. Klein, and Jan Schmitt, “Avoiding Digitalization Traps: Tools for Top Managers,” Business Horizons 64, no 2 (March–April 2021): 163-69. [SSRN version]
Bradley, Steven W., Phillip H. Kim, Peter G. Klein, Jeffery S. McMullen, and Karl Wennberg, “Policy for Innovative Entrepreneurship: Institutions, Interventions, and Societal Challenges,” Strategic Entrepreneurship Journal 15. no 2 (June 2021): 167-84.
Foss, Nicolai J., Peter G. Klein, Lasse B. Lien, Thomas Zellweger, and Todd R. Zenger, “Ownership Competence,” Strategic Management Journal, 42, no. 2 (February 2021): 302-28. [SSRN version]
Asmussen, Christian G., Kirsten Foss, Nicolai J. Foss, and Peter G. Klein, “Economizing and Strategizing: How Coalitions and Transaction Costs Shape Value Creation and Appropriation,” Strategic Management Journal, 42, no. 2 (February 2021): 413-34.
Kevin M. Kniffin, Jayanth Narayanan, Frederik Anseel, John Antonakis, Susan P. Ashford, Arnold B. Bakker, Peter Bamberger, Hari Bapuji, Devasheesh P. Bhave, Virginia K. Choi, Stephanie J. Creary, Evangelia Demerouti, Francis J. Flynn, Michele J. Gelfand, Lindred Greer, Gary Johns, Selin Kesebir, Peter G. Klein, Sun Young Lee, Hakan Ozcelik, Jennifer Louise Petriglieri, Nancy P. Rothbard, Cort W. Rudolph, Jason D. Shaw, Nina Sirola, Connie R. Wanberg, Ashley Whillans, Michael P. Wilmot, and Mark van Vugt, “COVID-19 and the Workplace: Implications, Issues, and Insights for Future Research and Action,” American Psychologist, 76, no. 1 (January 2021): 63-77. [working paper]
Klein, Peter G., “Uncertainty and Entrepreneurial Judgment During a Health Crisis” [Reflections Essay], Strategic Entrepreneurship Journal 14, no. 4 (December 2020): 563-65.
Klein, Peter G., and Robert Wuebker, “Corporate Diversification and Innovation: Managerial Myopia or Inefficient Internal Capital Markets?” Managerial and Decision Economics 41, no. 8 (December 2020): 1403-16.
Foss, Nicolai J., and Peter G. Klein, “Entrepreneurial Opportunities: Who Needs Them?” Academy of Management Perspectives 34, no. 3 (August 2020): 366-77. [SSRN version]
Ng, Desmond, Harvey S. James, Jr., and Peter G. Klein, “Keeping it in the Family: A Socio-Cognitive Approach to the Prioritization of Family Goals,” Journal of Small Business and Enterprise Development 27, no. 3 (May 2020): 471-48.
Emami, Amir, and Peter G. Klein, “The Entrepreneurial Propensity for Market Analysis and the Intention-Action Gap,” International Journal of Entrepreneurial Venturing 12, no. 3 (2020): 303-20.
Foss, Nicolai J., Peter G. Klein, and Matthew McCaffrey, “The Entrepreneurship Scholar Plays with Blocs: Collaborative Innovation or Collaborative Judgment?” Review of Austrian Economics 32, no. 4 (December 2019): 321-30.
Foss, Nicolai J., Peter G. Klein, and Christian Bjørnskov, “The Context of Entrepreneurial Judgment: Organizations, Markets, and Institutions,” Journal of Management Studies 56, no. 6 (September 2019): 1197-213.
Kolympiris, Christos, Sebastian Hoenen, and Peter G. Klein, “Learning by Seconding: Evidence from National Science Foundation Rotators,” Organization Science 30, no. 3 (May-June 2019): 528–51. [SSRN version]
Klein, Peter G., Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis, “Organizational Governance Adaptation: Who Is In, Who Is Out, and Who Gets What,” Academy of Management Review 44, no. 1 (January 2019): 6–27.
Boudreaux, Christopher, Boris N. Nikolaev, and Peter G. Klein, “Socio-cognitive Traits and Entrepreneurship: The Moderating Role of Economic Institutions,” Journal of Business Venturing 34, no. 1 (January 2019): 178-96.
Foss, Kirsten, Nicolai J. Foss, and Peter G. Klein, “Uncovering the Hidden Transaction Costs of Market Power: A Property Rights Approach to Strategic Positioning,” Managerial and Decision Economics 39, no. 3 (April 2018): 306–19.
Packard, Mark D., Brent B. Clark, and Peter G. Klein, “Uncertainty Types and Transitions in the Entrepreneurial Process,” Organization Science 28, no. 5 (September-October 2017): 840-56. [SSRN version]
Foss, Nicolai J., and Peter G. Klein, “Entrepreneurial Discovery or Creation? In Search of the Middle Ground” [Dialogue comment], Academy of Management Review 42, No. 4 (October 2017), 735-37. [publisher’s website]
Kolympiris, Christos, and Peter G. Klein, “The Effects of Academic Incubators on University Innovation,” Strategic Entrepreneurship Journal 11, no. 2 (June 2017): 145-70. [SSRN version] [Discussion in Inside Higher Education, 8 February 2017]
Bradley, Steven W., and Peter G. Klein, “Institutions, Economic Freedom, and Entrepreneurship: The Contribution of Management Scholarship,” Academy of Management Perspectives 30, no. 3 (August 2016): 211-21.
Klein, Peter G., Robert Wuebker, and Kathrin Zoeller, “Relationship Banking and Conflicts of Interest: Evidence from German Initial Public Offerings,” Journal of Corporate Finance 39 (August 2016): 210–21.
James, Harvey S., Jr., Desmond Ng, and Peter G. Klein, “Complexity, Novelty, and Ethical Judgment by Entrepreneurs,” International Journal of Entrepreneurial Venturing 8, no. 2 (2016): 170–95.
Foss, Nicolai J., and Peter G. Klein. “The Judgment-Based Approach to Entrepreneurship: Accomplishments, Challenges, New Directions.” Journal of Institutional Economics 11, no. 3 (September 2015): 585–99. [publisher’s website]
Wang, Jingjing, Mei Chen, and Peter G. Klein, “China’s Dairy United: A New Model for Milk Production,” American Journal of Agricultural Economics 97, no. 2 (March 2015): 618–27.
Klein, Peter G., and Per L. Bylund, “The Place of Austrian Economics in Contemporary Entrepreneurship Research,” Review of Austrian Economics 27, no. 3 (September 2014): 259–79. [SSRN version] [related video, starting at 16:30]
Klein, Peter G., Donald S. Siegel, Nick Wilson, and Mike Wright, “The Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth,” Managerial and Decision Economics 35, no. 2 (March 2014): 67–72.
Mondelli, Mario P., and Peter G. Klein. “Asset Specificity and Firms’ Financial Structure: The Case of Agricultural Production.” Managerial and Decision Economics 35, no. 2 (March 2014): 145–60.
Lien, Lasse B., and Peter G. Klein, “Can the Survivor Principle Survive Diversification?” Organization Science 24, no. 5 (September–October 2013): 1478–94. [SSRN version]
Klein, Peter G., Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis, “Capabilities and Strategic Entrepreneurship in Public Organizations,” Strategic Entrepreneurship Journal 7, no. 1 (2013): 70–91. [publisher’s website]
Klein, Peter G., John L. Chapman, and Mario P. Mondelli, “Private Equity and Entrepreneurial Governance: Time for a Balanced View,” Academy of Management Perspectives 27, no. 1 (2013): 39–51. [SSRN version]
Mondelli, Mario P., and Peter G. Klein. “The Role of Asset Specificity in Financing Choice in the Agrifood Sector.” Revista de Economia e Administração 12, no. 2 (2012): 180–97.
Franken, Jason R., Peter G. Klein, and Michael E. Sykuta, “Contract Use and Contract Terms in Organic Markets,” Journal of Agribusiness 30, no. 1 (Spring 2012): 17–34.
Klein, Peter G., Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis, “Who Is in Charge? A Property Rights Perspective on Stakeholder Governance,” Strategic Organization 10, no. 3 (2012): 304–15.
James, Harvey S., Jr., Peter G. Klein, and Michael E. Sykuta, “The Adoption, Diffusion, and Evolution of Organizational Form: Insights from the Agrifood Sector,” Managerial and Decision Economics 32, no. 4 (2011): 243–59. [SSRN version]
Funke, Thomas B., and Peter G. Klein, “Analyzing Government Decision Making in the South African Biofuels Industry: A Game-Theoretic Approach,” Biofuels 2, no. 3 (2011): 345–54.
Funke, Thomas B., Peter G. Klein, and Ferdi Meyer, “Biofuel Production in South Africa,” Biofuels 2, no. 2 (2011): 209–20.
Klein, Peter G., Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis, “Toward a Theory of Public Entrepreneurship,” European Management Review 7 (2010): 1–15. Best Paper Award, European Management Association, 2010. [SSRN version] [companion video]
Klein, Peter G., and Marc R. Saidenberg, “Organizational Structure and the Diversification Discount: Evidence from Commercial Banking,” Journal of Industrial Economics 58, no. 1 (2010): 127–55. [publisher’s website] [SSRN]
Foss, Nicolai J., and Peter G. Klein, “Alertness, Action, and the Antecedents of Entrepreneurship,” Journal of Private Enterprise 25, no. 2 (2010): 145–64. Best Paper Award, Association of Private Enterprise Education, 2010.
Xue, Jianhong, and Peter G. Klein, “Regional Determinants of Technology Entrepreneurship,” International Journal of Entrepreneurial Venturing 1, no. 3 (2010): 291–308. [publisher’s website]
Florêncio de Almeida, Luciana, Decio Zylbersztajn, and Peter G. Klein, “Determinants of Contractual Arrangements in Agricultural Credit Transactions,” Revista de Administração da Universidade de São Paulo 45, no. 3 (2010): 209–20.
Lien, Lasse B., and Peter G. Klein, “Using Competition to Measure Relatedness,” Journal of Management 35, no. 4 (August 2009): 1078–1107. [publisher’s website]
Agarwal, Rajshree, Jay B. Barney, Nicolai Foss, and Peter G. Klein, “Heterogeneous Resources and the Financial Crisis: Implications of Strategic Management Theory,” Strategic Organization 7, no. 4 (2009): 467–84. [JSTOR]
Klein, Peter G., “Opportunity Discovery, Entrepreneurial Action, and Economic Organization,” Strategic Entrepreneurship Journal 2, no. 3 (2008): 175–90. [publisher’s website]
Klein, Peter G., “The Mundane Economics of the Austrian School,” Quarterly Journal of Austrian Economics 11, nos. 3–4 (2008): 165–87. [publisher’s website]
Taylor, Jason E., and Peter G. Klein, “An Anatomy of a Cartel: The National Industrial Recovery Act of 1933 and the Compliance Crisis of 1934,” Research in Economic History 26 (2008): 235–71.
Klein, Peter G., and Nicolai J. Foss, “The Unit of Analysis in Entrepreneurship Research: Opportunities or Investments?” International Journal of Entrepreneurship Education 6, no. 3 (2008): 145–70.
Foss, Nicolai J., Peter G. Klein, Yasemin Kor, and Joseph T. Mahoney, “Entrepreneurship, Subjectivism, and the Resource-Based View: Towards a New Synthesis,” Strategic Entrepreneurship Journal 2, no. 1 (2008): 73–94.
Burress, Molly J., Michael L. Cook, and Peter G. Klein, “The Clustering of Organizational Innovation: Developing Governance Models for Vertical Integration,” International Food and Agribusiness Management Review 11, no. 4 (2008): 49–75.
Altman, Ira J., Peter G. Klein, and Thomas G. Johnson, “Scale and Transaction Costs in the U.S. Biopower Industry,” Journal of Agricultural and Food Industrial Organization 5, no. 1 (2007). [publisher’s website]
Foss, Kirsten, Nicolai J. Foss, Peter G. Klein, and Sandra K. Klein, “The Entrepreneurial Organization of Heterogeneous Capital,” Journal of Management Studies 44, no. 7 (November 2007): 1165–86. [publisher’s website]
Foss, Kirsten, Nicolai J. Foss, and Peter G. Klein, “Original and Derived Judgment: An Entrepreneurial Theory of Economic Organization,” Organization Studies 28, no. 12 (June 2007): 1893–912. [publisher’s website]
Block, Walter, Per Henrik Hansen, and Peter G. Klein, “The Division of Labor under Homogeneity,” American Journal of Economics and Sociology 66, no. 2 (April 2007): 457–64. [publisher’s website] [JSTOR]
Klein, Peter G., and Michael L. Cook, “T. W. Schultz and the Human-Capital Approach to Entrepreneurship,” Review of Agricultural Economics 28, no. 3 (September 2006): 344–50. [publisher’s website] [JSTOR]
Klein, Peter G., and J. Bruce Bullock, “Can Entrepreneurship Be Taught?” Journal of Agricultural and Applied Economics 38, no. 2 (August 2006): 429–39.
Kamerschen, David R., Peter G. Klein, and David V. Porter, “Market Structure in the US Electricity Industry: A Long-Term Perspective,” Energy Economics 27, no. 5 (September 2005): 731–51.
Ménard, Claude, and Peter G. Klein, “Organizational Issues in the Agrifood Sector: Toward a Comparative Approach,” American Journal of Agricultural Economics 86, no. 3 (August 2004): 750–55. [publisher’s website] [JSTOR]
Klein, Peter G., and Hung Luu, “Politics and Productivity,” Economic Inquiry 41, no. 3 (July 2003): 433–47. [publisher’s website]
Delorme, Charles D., Jr, David R. Kamerschen, Peter G. Klein, and Lisa Ford Voeks, “Structure, Conduct, and Performance: A Simultaneous-Equations Approach,” Applied Economics 34, no. 17 (November 2002): 2135–41. [publisher’s website]
Foss, Kirsten, Nicolai J. Foss, Peter G. Klein, and Sandra K. Klein, “Heterogeneous Capital, Entrepreneurship, and Economic Organization,” Journal des Economistes et des Etudes Humaines 12, no. 1 (March 2002): 79–96.
Klein, Peter G., “Were the Acquisitive Conglomerates Inefficient?” RAND Journal of Economics 32, no. 4 (Winter 2001): 745–61. [JSTOR]
Klein, Peter G., and Sandra K. Klein, “Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures,” Quarterly Journal of Austrian Economics 4, no 2 (Summer 2001): 3–25. Reprinted in Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Aldershot, U.K.: Edward Elgar, 2002).
Greuner, Matthias, David R. Kamerschen, and Peter G. Klein, “The Competitive Effects of Advertising in the U.S. Automobile Industry, 1970–94,” International Journal of the Economics of Business 7, no. 3 (2000): 245–61. [publisher’s website]
Klein, Peter G., “Entrepreneurship and Corporate Governance,” Quarterly Journal of Austrian Economics 2, no. 2 (Summer 1999): 19–42. [publisher’s website] Reprinted in David B. Audretsch and Erik E. Lehmann, eds., Corporate Governance in Small and Medium Sized Firms (Cheltenham, UK: Edward Elgar, 2011), pp. 194-217. Spanish translation, “Función empresarial y control de la dirección de le empresa,” Libertas 16, no. 31 (October 1999): 3–49.
Danielsen, Albert L., Nainish K. Gupta, and Peter G. Klein, “Contracts and the Institutional Environment for Electricity Reform,” Electricity Journal 12 (December 1999): 51–60.
Trandel, Gregory A., Lawrence H. White, and Peter G. Klein, “The Effect of the Designated-Hitter Rule on Hit Batsmen: Pitcher’s Moral Hazard or Team’s Cost-Benefit Calculation?” Economic Inquiry 36, no. 4 (October 1998): 679–84. [publisher’s website] [response by Goff, Shughart, and Tollison] Reprinted in Andrew A. Zimbalist, ed., The Economics of Sport (Edward Elgar, 2001), vol. 2, pp. 583–88.
Klein, Peter G., and Howard A. Shelanski, “Transaction Cost Economics in Practice: Applications and Evidence,” Journal of Market-Focused Management 1, no. 4 (1996): 277–96.
Klein, Peter G., “Economic Calculation and the Limits of Organization,” Review of Austrian Economics 9, no. 2 (1996): 51–77. Spanish translation, “La empresa y el cálculo económico,” Libertas 14, no. 27 (October 1997): 83–119. Reprinted in Adrian Ravier and Leonardo Ravier, eds., Lecturas para una teoría económica de la empresa (Madrid, Unión Editorial, 2015). Chinese translation in Comparative Economic and Social Systems 116, no. 6 (2004): 70–78.
Shelanski, Howard A., and Peter G. Klein, “Empirical Research in Transaction Cost Economics: A Review and Assessment,” Journal of Law, Economics and Organization 11, no. 2 (October 1995): 335–61. [JSTOR] Reprinted in Glenn R. Carroll and David J. Teece, eds., Firms, Markets, and Hierarchies: The Transaction Cost Perspective (New York: Oxford University Press, 1999), pp. 89–118.
Chapters in books
Mota, E., and Peter G. Klein, “Private Entrepreneurs and Public Services: The Role of Endogenous Capabilities,” in Amir Emami, Esin Yoruk, Andrew Johnston, Andrea Caputo, and Paul Jones, eds., Destructive Entrepreneurship in Emerging Markets: Causes and Consequences (New York: Springer, forthcoming).
Klein, Peter G., “Oliver E. Williamson,” in Mary Theroux, ed., Great Minds of the Market (Oakland: Independent Institute, forthcoming).
Klein, Peter G., and João Fernando Mazzoni, “The Make-or-Buy Decision Revisited,” in Claude Ménard and Mary Shirley, eds., Handbook of New Institutional Economics 2024 (Springer, forthcoming).
Miller, Gordon, and Peter G. Klein, “The Wisdom of Shared Interests: Entrepreneurial Intelligence and Its Development Through Online Maker Communities,” in Alain Fayolle, David Audretsch, Sarah Jack, and Wadid Lamine, eds., DeGruyter Handbook of Digital Entrepreneurship (Berlin: DeGruyter, 2024), pp. 61-94.
Bylund, Per, Peter G. Klein, and Matthew McCaffrey, “Economic Freedom and Entrepreneurship,” in Niclas Berggren, ed., Handbook of Research on Economic Freedom (Cheltenham, U.K.: Edward Elgar, 2024), pp. 245-60.
Foss, Nicolai, and Peter G. Klein, “Strategy Under Woke Capitalism,” in Marcus Larsen, Michael Leiblein, and Jeffrey Reuer, eds., Strategy in a Turbulent Era (Cheltenham, U.K.: Edward Elgar, 2024), pp. 186-205.
Klein, Peter G., and Matthew McCaffrey, “Entrepreneurial Judgment,” in Per Bylund, ed., A Modern Guide to Austrian Economics (Cheltenham, U.K.: Edward Elgar, 2022), pp. 64-83.
Klein, Peter G., and Ileana Maldonado-Bautista, “Entrepreneurship, Sustainability, and Stakeholder Theory,” in Gerald George, Martine Haas, Havovi Joshi, Anita McGahan, and Paul Tracey, eds., Handbook on the Business of Sustainability: The Organization, Implementation, and Practice of Sustainable Growth (Cheltenham, U.K.: Edward Elgar, 2022), pp. 83-98.
Murtinu, Samuele, Nicolai J. Foss, and Peter G. Klein, “The Entrepreneurial State: An Ownership Competence Perspective,” in Karl Wennberg and Christian Sandström, eds., Questioning the Entrepreneurial State: Status-quo, Pitfalls, and the Need for Credible Innovation Policy (New York: Springer, 2022), pp. 57-75.
Klein, Peter G., and Anita M. McGahan, “Why Intersectional Governance Matters,” in Daniel P. Gitterman and Neil Britto, eds., The Intersector: How the Public, Non-Profit and Private Sectors Can Address America’s Challenges (Washington, D.C.: Brookings Institution Press, 2021).
Klein, Peter G., Mark D. Packard, and Karen Schnatterly, “Collaborating for Innovation: The Role of Organizational Complementarities,” in Jeffrey J. Reuer and Sharon Matusik, eds., Oxford Handbook of Collaboration and Entrepreneurship (New York: Oxford University Press, 2019).
Foss, Nicolai J., and Peter G. Klein. “Stakeholders and Corporate Social Responsibility: An Ownership Perspective,” in Sinziana Dorobantu, Ruth Aguilera, Jiao Luo, and Frances Milliken, eds., Sustainability, Stakeholder Governance & Corporate Social Responsibility, vol. 38 of Advances in Strategic Management (2018), pp. 17-35. (SSRN version)
Klein, Peter G., “My Contributions to Entrepreneurship Theory,” in David B. Audretsch and Erik E. Lehmann, eds., The Routledge Companion to the Makers of Modern Entrepreneurship (London: Routledge, 2017), pp. 146-53.
Klein, Peter G., and Thomas A. Lambert, “An Austrian Analysis of Contemporary American Business Law,” in Peter J. Boettke and Todd J. Zywicki, eds., Research Handbook on Austrian Law and Economics (Cheltenham, U.K.: Edward Elgar, 2017), pp. 325-46.
Klein, Peter G., and Anita M. McGahan, “Strategy and the Public Interest,” in David Teece and Mie Augier, eds., Palgrave Encyclopedia of Strategic Management (London: Palgrave Macmillan, 2016).
Klein, Peter G., “Incomplete Contracts,” and “Rent Seeking,” in David Teece and Mie Augier, eds., Palgrave Encyclopedia of Strategic Management (London: Palgrave Macmillan, 2016).
Foss, Kirsten, Nicolai J. Foss, and Peter G. Klein, “Managerial Authority in the Coasean Firm: An Entrepreneurial Perspective,” in Claude Ménard and Elodie Bertrand, eds., The Elgar Companion to Ronald H. Coase (Cheltenham, U.K.: Edward Elgar, 2016), pp. 160-71.
Deffains-Crapsky, Catherine, and Peter G. Klein, “Business Angels, Social Networks, and Radical Innovation,” in Bögenhold, Dieter, Jean Bonnet, Marcus Dejardin, and Domingo Garcia Pérez de Lema, Contemporary Entrepreneurship: Multidisciplinary Perspectives on Innovation and Growth (New York: Springer, 2016), pp. 275–90. [publisher’s website]
Foss, Nicolai J., Peter G. Klein, and Stefan Linder, “Organizations and Markets,” in Peter J. Boettke and Christopher J. Coyne, eds., Oxford Handbook of Austrian Economics (New York: Oxford University Press, 2015), pp. 272–95).
Foss, Nicolai J., and Peter G. Klein, “Hayek and Organizational Studies,” in Paul Adler, Paul du Gay, Glenn Morgan, and Mike Reed, eds., Oxford Handbook of Sociology, Social Theory and Organization Studies: Contemporary Currents (Oxford: Oxford University Press, 2014), pp. 467–86.
Klein, Peter G., “Information, Incentives, and Organization: The Microeconomics of Central Banking,” in David Howden and Joseph T. Salerno, eds., The Fed at One Hundred: A Critical View on the Federal Reserve System (New York: Springer, 2014), pp. 149–61. Reprinted in Gregory M. Randolph, Michael T. Tasto, and Robert F. Salvino Jr., eds., Public Policy, Productive and Unproductive Entrepreneurship: The Impact of Public Policy on Entrepreneurial Outcomes (Cheltenham, UK: Edward Elgar, 2017), pp. 97-110. [SSRN version]
Bylund, Per L., Christopher H. Holbrook, and Peter G. Klein, “‘They Have the Internet on Computers Now?’ Entrepreneurship and Economics in The Simpsons,” In Joshua C. Hall, ed., Homer Economicus: The Simpsons and Economics (Stanford: Stanford University Press, 2014), pp. 61–69.
Foss, Nicolai J., and Peter G. Klein, “Organizational Governance,” in Raffael Wittek, Tom Snijders, and Victor Nee, eds., Handbook of Rational Choice Social Research (Stanford: Stanford University Press, 2013), pp. 513–55. [older SSRN version]
Foss, Nicolai J., and Peter G. Klein, “Entrepreneurship, Entrepreneurial Governance, and Economic Organization,” in Anna Grandori, ed., Handbook of Economic Organization (Cheltenham, U.K.: Edward Elgar, 2013), pp. 419–39.
Klein, Peter G., Jay B. Barney, and Nicolai J. Foss, “Strategic Entrepreneurship,” in Eric Kessler, ed., Encyclopedia of Management Theory (New York: Sage, 2013), pp. 778–82. [SSRN]
Klein, Peter G., and Mario P. Mondelli, “Transaction Cost Theory,” in Eric Kessler, ed., Encyclopedia of Management Theory (New York: Sage, 2013), pp. 888–92.
Klein, Peter G., “Entrepreneurship and Creative Destruction,” in Brendan Miniter, ed., The 4% Solution: How to Unleash the Economic Boom America Needs in the Twenty-First Century (New York: Crown Business, 2012), pp. 116–26.
Foss, Nicolai J., Peter G. Klein, and Per L. Bylund, “Entrepreneurship and the Theory of the Firm,” in Daniel Hjorth, ed., Handbook of Organizational Entrepreneurship (Cheltenham, U.K.: Edward Elgar, 2012), pp. 49–63.
Foss, Nicolai J., and Peter G. Klein, “Entrepreneurial Alertness and Opportunity Discovery: Origins, Attributes, Critique,” in Hans Landström and Franz Lohrke, eds., The Historical Foundations of Entrepreneurship Research (Cheltenham, U.K.: Edward Elgar, 2010), pp. 91–120. [SSRN]
Chapman, John L., and Peter G. Klein, “Value Creation in Middle-Market Buyouts: A Transaction-Level Analysis,” in Douglas J. Cumming, ed., Private Equity: Fund Types, Risks and Returns, and Regulation (New York: Wiley, 2010), pp. 229–55. [SSRN]
Klein, Peter G., “Transaction Cost Economics and the New Institutional Economics,” “F. A. Hayek,” and “Vertical Integration,” in Peter G. Klein and Michael E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Cheltenham, U.K.: Edward Elgar, 2010), pp. 27–35, 74–84, and 165–75.
Foss, Nicolai J., and Peter G. Klein, “Critiques of Transaction Cost Economics: An Overview,” and “Austrian Economics and the Theory of the Firm,” in Peter G. Klein and Michael E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Cheltenham, U.K.: Edward Elgar, 2010), pp. 263–72.
Klein, Peter G., and Lasse B. Lien, “Diversification, Industry Structure, and Firm Strategy: An Organizational Economics Perspective,” in Jackson A. Nickerson and Brian S. Silverman, eds., Economic Institutions of Strategy, vol. 26 of Advances in Strategic Management (Bingley, U.K.: Emerald, 2009), pp. 289–312. [publisher’s website]
Klein, Peter G., “Risk, Uncertainty, and Economic Organization,” in Jörg Guido Hülsmann and Stephan Kinsella, eds., Property, Freedom, and Society: Essays in Honor of Hans-Hermann Hoppe (Auburn, Ala.: Ludwig von Mises Institute, 2009), pp. 325–37.
Foss, Nicolai J., and Peter G. Klein, “The Theory of the Firm and Its Critics: A Stocktaking and Assessment,” in Eric Brousseau and Jean-Michel Glachant, eds., New Institutional Economics: A Guidebook (Cambridge: Cambridge University Press, 2008), pp. 419–36.
Cook, Michael L., Peter G. Klein, and Costas Iliopoulos, “Contracts and Organization in Food and Agriculture,” in Eric Brousseau and Jean-Michel Glachant, eds., New Institutional Economics: A Guidebook (Cambridge: Cambridge University Press, 2008), pp. 288–300.
Lien, Lasse B., and Peter G. Klein, “Relatedness and Acquirer Performance,” in Cary L. Cooper and Sydney Finkelstein, eds., Advances in Mergers and Acquisitions, vol. 5 (Amsterdam: Elsevier, 2006), pp. 9–24.
Klein, Peter G., “The Make-or-Buy Decision: Lessons from Empirical Studies,” in Claude Ménard and Mary Shirley, eds., Handbook of New Institutional Economics (Springer, 2005), pp. 435–64.
Foss, Nicolai J., and Peter G. Klein, “Entrepreneurship and the Economic Theory of the Firm: Any Gains from Trade?” in Rajshree Agarwal, Sharon A. Alvarez, and Olav Sorenson, eds., Handbook of Entrepreneurship Research: Disciplinary Perspectives (New York: Springer, 2005), pp. 55–80.
Klein, Peter G., “Introduction” to Radovan Kacin and Tomas Ricka, eds., Nova Institucionalni Ekonomie a Ekonomicka Transformace (The New Institutional Economics and Economic Transition) (Prague: Spolecnost pro Pravni a Ekonomicke Vzdelavani [Society for Legal and Economic Education], 2004).
Klein, Peter G., and Marc R. Saidenberg, “Organization, Value, and Performance at Diversified Bank Holding Companies,” in The Changing Financial Industry Structure and Regulation: Bridging States, Countries, and Industries, Proceedings of the 36th Annual Conference on Bank Structure and Competition (Chicago: Federal Reserve Bank of Chicago: 2000), pp. 594–611.
Klein, Peter G., and George A. Selgin, “Menger’s Theory of Money: Some Experimental Evidence,” in John Smithin, ed., What is Money? (London: Routledge, 2000), pp. 217–34.
Klein, Peter G., “New Institutional Economics,” in Boudewijn Bouckeart and Gerrit De Geest, eds., Encyclopedia of Law and Economics (Cheltenham, U.K.: Edward Elgar, 2000), pp. 456–89.
Klein, Peter G., and Marc R. Saidenberg, “Diversification, Organization, and Efficiency: Evidence from Bank Holding Companies,” in Patrick T. Harker and Stavros A. Zenios, eds., Performance of Financial Institutions (Cambridge: Cambridge University Press, 2000), pp. 153–73.
Klein, Peter G., “F. A. Hayek (1899–1992),” in Randall G. Holcombe, ed., Fifteen Great Austrian Economists (Auburn, Ala.: Mises Institute, 1999). [expanded version]
Klein, Peter G. “Mergers and the Market for Corporate Control,” In Peter J. Boettke, ed., Elgar Companion to Austrian Economics (Aldershot, U.K.: Edward Elgar, 1994), pp. 394–401.
Selected miscellaneous writings
Foss, Nicolai, and Peter Klein, “Rethinking Hierarchy,” Sloan Management Review, January 25, 2023.
Foss, Nicolai, and Peter Klein, “Greater Autonomy and Responsibility May Aggravate (Not Cure!) Quiet Quitting,” LSE Business Review, November 10, 2022.
Foss, Nicolai, Peter Klein, and Phillip Nell, “External Funding Is a Means, Not an End. So Why Must Everyone Seek It?” Times Higher Education, August 30, 2022.
Foss, Nicolai, Peter Klein, and Samuele Murtinu, “Don’t Throw Out the Liberal Baby with the Neoliberal Bathwater,” IREF, March 2022.
Klein, Peter G., Eirik Sjåholm Knudsen, and Lasse B. Lien, “How Much Does Strategy Matter, Really?” M@n@gement 24, no. 3 (2021): 72-76.
McCaffrey, Matthew, Nicolai J. Foss, Peter G. Klein, and Joseph T. Salerno, “Breaking Out of the Kirznerian Box: A Reply to Sautet,” Review of Austrian Economics, forthcoming. [SSRN version]
Nell, Phillip C., Nicolai J. Foss, Peter G. Klein, and Jan Schmitt, “Avoiding Digitalization Traps: Tools for Top Managers,” Business Horizons 64, no 2 (March–April 2021): 163-69. [SSRN version
Klein, Peter G., Eirik Sjåholm Knudsen, Lasse Lien, and Bram Timmermans, “Recessions Give Businesses Time to Improve—If Governments Let Them,” LSE Business Review (June 25, 2020).
Klein, Peter G., “A Remembrance of Oliver Williamson” (May 24, 2020).
Foss, Nicolai J., Peter G. Klein, and Matthew McCaffrey, Austrian Perspectives on Entrepreneurship, Strategy, and Organization, in J.-C. Spender, ed., Cambridge Elements in Business Strategy (Cambridge: Cambridge University Press, 2019).
Foss, Nicolai J., and Peter G. Klein, “No Boss? No Thanks,” Aeon (14 January 2019).
Foss, Nicolai J., and Peter G. Klein, “Reflections on the 2016 Nobel Memorial Prize for contract theory (Oliver Hart and Bengt Holmström),” Erasmus Journal for Philosophy and Economics 9, no 2 (Autumn 2016): 167-80.
Bradley, Steve W., and Peter G. Klein, “Is America the Land of the Free?” Forbes (6 October 2016).
Klein, Peter G., “Why Entrepreneurs Need Firms, and the Theory of the Firm Needs Entrepreneurship Theory,” Revista de Administração 51, no. 3 (July-September 2016): 323-26.
Foss, Nicolai J., and Peter G. Klein, “Why Managers Still Matter.” Sloan Management Review, September 2014: 73-80.
Klein, Peter G., “Williamson and the Austrians,” Mises Daily, October 14, 2009.
Klein, Peter G., review of Yochai Benkler, The Wealth of Networks: How Social Production Transforms Markets and Freedom, reviewed in The Independent Review 13, no. 3 (Winter 2009).
Klein, Peter G., review of Fu-Lai Tony Yu, Firms, Strategies, and Economic Change: Explorations in Austrian Economics, reviewed in Quarterly Journal of Austrian Economics 10, no. 1 (Spring 2007): 91-94.
Klein, Peter G., “Foreword” to Carl Menger, Principles of Economics (reprint edition, Auburn, Ala.: Ludwig von Mises Institute, 2006).
Klein, Peter G., review of Alan Ebenstein, F. A. Hayek: A Biography, reviewed in Chronicles, January 2002.
Klein, Peter G., review of Brian C. McCormick, Hayek and the Keynesian Avalanche, reviewed inJournal of the History of Economic Thought 16, no. 2 (Fall1995): 12-15.
Klein, Peter G., “Mergers and Acquisitions: Why Greed is Good,” The Freeman 45, no. (September 1995): 564-66.
Klein, Peter G., tribute to Murray N. Rothbard, in Llewellyn H. Rockwell, Jr., ed., Murray N. Rothbard: In Memoriam (Auburn, Ala.: Ludwig von Mises Institute, 1995), pp. 31-32.
“F. A. Hayek (1899-1992): In Memoriam,” Austrian Economics Newsletter 14, no. 1 (Spring 1993): 1-3.
Klein, Peter G., review of Mark Blaug, Economics Through the Looking Glass: The Distorted Perspective of the New Palgrave Dictionary of Economics, reviewed in Austrian Economics Newsletter 14, no. 1 (Spring 1993): 10-11.
Klein, Peter G., review of Ronald H. Coase, The Firm, the Market, and the Law, reviewed in Austrian Economics Newsletter 13, no. 2 (Spring 1992): 4-5.
Klein, Peter G., “Jack Wiseman (1919-1991).” Austrian Economics Newsletter 12, no. 3 (Summer 1991): 10–11.
Klein, Peter G., review of George Stigler, Memoirs of an Unregulated Economist, reviewed in Austrian Economics Newsletter 12, no. 1 (Fall 1990): 15-16.
Klein, Peter G., review of Philip Mirowski, Against Mechanism: Protecting Economics from Science, reviewed in Austrian Economics Newsletter 11, no. 2 (Summer 1990): 10-11.
Grants and gifts
Kalaitzandonakes, Nicholas (PI), Peter G. Klein, and Christos Kolympiris (co-investigators), “The Road Not Taken: Investigating Orphaned Academic Innovations,” National Science Foundation, 2015–16.
Klein, Peter G. (PI), “Analyzing Organizational Relatedness using Establishment Data,” University of Missouri Population, Education, and Health Center, 2015.
Cordones-Cook, Juanamaria (PI), Peter G. Klein, Elaine Lawless, Anne Stanton, Kristin Schwain, Jo Stealey, Anthony Glise, Mary Barile, Jana Hawley, Ruth Brent Tofle, Berkley Hudson, Cathy Callaway, Alla Barabtarlo, and Julie Middleton (co-investigators), “Ediciones Vigía and the Aesthetics and Economics of Bricolage,” University of Missouri Mizzou Advantage, 2011–12.
Foss, Nicolai (PI), Peter G. Klein, Keld Laursen, Jacob Lyngsie, and Toke Reichstein (co-investigators), “Entrepreneurship in an Organizational Context,” Danish Social Science Research Council, 2009–12.
Schnatterly, Karen (PI), Peter G. Klein, Michael L. Cook, Elaine Mauldin, and Thomas Lambert (co-investigators), “Corporate Governance: The Role of the Board of Directors in Understanding and Managing Disruptive and Transformational Technologies,” University of Missouri Mizzou Advantage, 2010–11.
Klein, Peter G. (PI), “Financiers as Entrepreneurs: The Role of Organization and Governance,” Unrestricted Gift, Sage Capital Zürich AG, 2009–10.
Kalaitzandonakes, Nicholas (PI), Peter G. Klein, Michael E. Sykuta, Yin Xia, Todd Chiles, Bruce Walker, and Michael Nichols, “Clusters and Entrepreneurship in Life Sciences,” Ewing Marion Kauffman Foundation, 2004–10.
Klein, Peter G. (PI), Michael E. Sykuta, David O’Brien, and Michael L. Cook (co-investigators), “Entrepreneurial and Organizational Responses to Biotechnology Innovation,” Illinois-Missouri Biotechnology Alliance, 2006–09.
Klein, Peter G., Michael L. Cook, and Cerry M. Klein (co-PIs), “The Emergence and Economic Impact of New Organizations,” Ewing Marion Kauffman Foundation, 2004–07.
Klein, Peter G. (PI), and John L. Chapman (co-investigator), “LBO Associations and the Future of Corporate Governance,” University of Missouri Research Board, 2003–04. Companion Grant, UMC Research Council, 2003–05.
Klein, Peter G. (PI), “Organizational Structure and the Diversification Discount: Evidence from Commercial Banking,” Sanford-Terry Research Grant, Terry College of Business, University of Georgia, 2001.
Klein, Peter G. (PI), “Understanding LBO Associations,” Center for New Institutional Social Science, Washington University, St. Louis, 2000.
University of Georgia Research Foundation, Summer Grants, 1996, 1998, and 2000.
Sanford-Terry Research Grants, Terry College of Business, University of Georgia, 1999, 2000, and 2001.
Editorial service and advisory boards
Co-Editor, Strategic Entrepreneurship Journal, 2021 to present.
Associate Editor, Strategic Entrepreneurship Journal, 2017-20.
Associate Editor, Academy of Management Perspectives, 2012-18.
Associate Editor, Independent Review, 2011 to present.
Field Editor, Journal of Business Venturing, 2016-17.
Special Issue Editor, Journal of Institutional Economics, “Entrepreneurial Judgment: Theory, Applications, and New Directions” (with Nicolai Foss), 2015.
Special Issue Editor, Managerial and Decision Economics, “Effects of Alternative Investments on Entrepreneurship, Innovation, and Growth” (with Don Siegel, Nick Wilson, and Mike Wright), 2013.
Editorial Board, Academy of Management Review, 2017 to present.
Editorial Board, Journal of Business Venturing, 2017 to present.
Editorial Board, Managerial and Decision Economics, 2008 to present.
Editorial Board, International Journal of Entrepreneurial Venturing, 2007 to present.
Editorial Board, Journal of Global Entrepreneurship Research, 2012 to present.
Editorial Board, International Journal of Strategic Change Management, 2006 to present.
Editorial Board, Quarterly Journal of Austrian Economics, 1998 to present.
Editorial Board, Journal of Prices and Markets, 2013 to present.
Editorial Board, Review of Social and Economic Issues, 2014 to present.
Editorial Board, Administrative Sciences, 2010–16.
Editorial Board, Journal of Management, 2008–14.
Editorial Board, Journal of Libertarian Studies, 2000–08.
Consulting Editor, Cosmos + Taxis, 2016 to present.
Scientific Committee, Procesos de mercado: revista europea de economía política, 2015 to present.
Board of Advisors, Center on Entrepreneurial Innovation, Independent Institute, 2005 to present.
Board of Advisors, Center for Organization Studies (Brazil), 2011 to present.
International Advisory Board, Institutions and Political Economy Group, University of the Witwatersrand, 2010 to present.
Other professional service
Entrepreneurship Division, Academy of Management: PDW Chair and Assistant Program Chair, 2017–18; Program Chair, 2018–19; Chair-Elect, 2019–20; Chair, 2020–21; Past Chair, 2021-22.
Representative at Large, Entrepreneurship Division, Academy of Management, 2015 to present.
Teaching Committee, Business Policy and Strategy Division, Academy of Management, 2015 to present.
Track Chair, Institutions and Local Entrepreneurship, Strategic Management Society Special Conference, Santiago, Chile, February 2015.
Representative at Large, Competitive Strategy Interest Group, Strategic Management Society, 2012–15.
Research Committee, Business Policy and Strategy Division, Academy of Management, 2008–10.
Chair, Institutional and Behavioral Economics Section, Agricultural and Applied Economics Association, 2008–09.
Treasurer, International Society for New Institutional Economics, 2008–15.
Member and Theme Area Leader, Interdisciplinary Entrepreneurship Research Group, University of Missouri, 2004 to present.
Associate Editor, The Collected Works of F. A. Hayek (published jointly by the University of Chicago Press and Routledge), 1994 to 2002.
Memberships: Academy of Management, Strategic Management Society, American Economic Association, Society for Institutional and Organizational Economics.
Former PhD students (with current affiliation)
Gordon Miller, 2020 (King’s College)
Russell Browder, 2020 (University of Oklahoma)
Eric C. Mota, 2020 (Wichita State University)
Jingjing Wang, 2016 (Beijing University of Information Science and Technology)
Mónica de Zelaya, 2016 (Franciso Marroquín University)
Eirik Sjåholm Knudsen, 2015 (co-chair) (Norwegian School of Economics)
Jong-Chul Won, 2013 (Columbia College)
Per L. Bylund, 2012 (Oklahoma State University)
Mario Mondelli†, 2011 (CINVE-Uruguay)
Jianhong Xue, 2007 (Northwest A&F University)
Molly Chambers Burress, 2005 (co-chair) (USDA-ERS)
Kathrin Zoeller, 2002 (Weatherford International)
Courses taught
PhD
Entrepreneurship, Innovation, and Competitive Advantage
Economics of Entrepreneurship: Theory, Applications, Debate
Economics of Institutions and Organizations
The Theory of the Firm and Its Applications to Management Research
Industrial Organization
Austrian and Evolutionary Economics
MBA and EMBA
Entrepreneurship and Innovation
Business Economics
MS or MSc
Change Management
Networks, Information, and the “New Economy”
Undergraduate
Strategic Management
Economics of Managerial Decision Making
Economics of Organization and Management
Economic Analysis of Law
Principles of Microeconomics
Principles of Microeconomics
Intermediate Microeconomics