00:00    |    
Initial credits
00:06    |    
Introduction by Mónica de Zelaya
00:35    |    
Can you define what an entrepreneur is?
Quotes Ludwig von Mises
03:14    |    
What limits or constraints entrepreneurs?
Policy environment
A profit and loss system
07:34    |    
Do you think the profit and loss system is the definition of a learning opportunity for entrepreneurs?
Learning from failure
09:48    |    
How are formal and informal institutions related to the entrepreneurial activity and process?
Formal institutions
Informal institutions
13:57    |    
How do you relate entrepreneurship with economic growth and a country's development?
16:16    |    
If you could send a message about the benefits of entrepreneurship, what would it be?
19:29    |    
Final words
19:47    |    
Final credits




The Entrepreneur as a Hero

06 de septiembre de 2011   | Vistas: 15 |   Austrian School Of Economics Entrepreneurship Ludwig Von Mises Society

Peter Klein defines the term entrepreneur from the Austrian economic tradition perspective; he believes entrepreneurship is an economic function that plays a particular role in society, mainly that of making decisions on how resources will be used and also producing the things people want. Klein also discusses the elements that hinder and stymie the entrepreneurial process, mentioning a possible way to solve the problem. Furthermore, he points out the importance of experimenting in different activities with various lines of business and learning from failure. He closes explaining why the entrepreneur is considered a hero and what the benefits of entrepreneurship are.

Peter Klein is researcher on economics of organization, entrepreneurship and corporate strategy. He is Associate Professor of Applied Social Sciences…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín