Peter Klein talks about the increasing interest entrepreneurial activities have had during the past years, and explains its relation with Austrian Economics by describing the many contributions made to entrepreneurship. After explaining the meaning and components of an entrepreneur, Klein points out the fundamental categories of action according to the Austrian School of Economics and mentions several names of people, within the Austrian tradition, who have dedicated time to teach about entrepreneurship, such as Israel Kirzner and Joseph Schumpeter, among others. He concludes discussing the role that governments play in entrepreneurial activities and how to prevent it from impeding progress.

“The term entrepreneur as used by catallactic theory means: acting man exclusively seen from the aspect of the uncertainty inherent in every action.” Ludwig von Mises

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