• 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
    • Culture
  • 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

New Media  | 06 de septiembre de 2011  | Vistas: 303

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.


Economist, professor and researcher