PETER G. KLEIN

Division of Applied Social Sciences
University of Missouri
135 Mumford Hall
Columbia, MO 65211
Phone: +1 573 882 7008
Fax: +1 573 882 3958
kleinp@missouri.edu
web.missouri.edu/~kleinp


Present positions
Professor, Division of Applied Social Sciences, University of Missouri, 2014 to present.

Professor (by courtesy), Truman School of Public Affairs, University of Missouri, 2010 to present.

Professor II, Department of Strategy and Management, Norwegian School of Economics, 2009 to present.

Carl Menger Research Fellow, Mises Institute, 2012 to present.

Senior Faculty Fellow, Contracting and Organizations Research Institute, 2003 to present.


Previous positions


Visiting Professor, Center for Strategic Management and Globalization, Copenhagen Business School, June-July 2009.

Visiting Professor, Faculté de Droit, d'Économie, et de Gestion, Université d'Angers, France, March 2009.

Adjunct Professor, Olin School of Business, Washington University, 2008.

Visiting Professor, Université de Paris XI, April 2006.

Visiting Associate Professor, Department of Industrial Economics and Strategy, Copenhagen Business School, 2001.

Director, McQuinn Center for Entrepreneurial Leadership, 2010-14.

Senior Economist, Council of Economic Advisers, 2000-01.

Associate Professor, Division of Applied Social Sciences, University of Missouri, 2008-14; Assistant Professor, 2002-08.

Assistant Professor, Department of Economics, University of Georgia, 1995-2002.

Instructor, Department of Economics, University of California, Berkeley, 1989-94.


Education


Ph.D., Economics, University of California, Berkeley, 1995. Major fields: industrial economics, economics of institutions. Dissertation title: "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.


Research areas


Economics of organizations, entrepreneurship, strategic management, financial institutions, law and economics, corporate governance, innovation, history of economic thought.


Books
Foss, Nicolai J., and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge: Cambridge University Press, 2012).

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).

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 delliberalismo: Ensayos sobre Economía Austriaca y el ideal de libertad (Madrid: Unión Editorial, 1996).


Articles in refereed journals


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.

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 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.

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 (March 2013): 70-91.

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.

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.

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.

Franken, Jason R., Michael E. Sykuta, and Peter G. Klein, "Contract Use and Contract Terms in Organic Markets," Journal of Agribusiness 30, no. 1 (Spring 2012): 17-34.

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.

Funke, Thomas B., and Peter G. Klein, "Government Policy 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. [older SSRN version]

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 (July-August-September 2010): 209-20.

Foss, Nicolai J., and Peter G. Klein, " Alertness, Action, and the Antecedents of Entrepreneurship," Journal of Private Enterprise 25, no. 2 (Spring 2010): 145-164.

Klein, Peter G., and Marc R. Saidenberg, " Organizational Structure and the Diversification Discount: Evidence from Commercial Banking," Journal of Industrial Economics 58, no. 1 (March 2010): 127-55. [publisher's website]

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]

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. [publisher's website]

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]

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. [publisher's website]

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. [publisher's website]

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. [publisher's website]

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): 1893-1912. [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]

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]

Klein, Peter G., and J. Bruce Bullock, " Can Entrepreneurship Be Taught?," Journal of Agricultural and Applied Economics 38, no. 2 (August 2006): 429-39.

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]

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 version]

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 (Aldershot, UK: Edward Elgar, 2010). 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] 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. [publisher's website]

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. " 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 Organization11, no. 2 (October 1995): 335-61. [JSTOR version] 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


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, forthcoming).

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, forthcoming).

Klein, Peter G., “Incomplete Contracts,” and “Rent Seeking,” in David Teece and Mie Augier, eds., Palgrave Encyclopedia of Strategic Management (London: Palgrave Macmillan, forthcoming).

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, forthcoming).

Klein, Peter G., and Thomas A. Lambert, “Business Law and the Austrian Theory of the Firm,” in Peter J. Boettke and Todd J. Zywicki, eds., Research Handbook on Austrian Law and Economics (Cheltenham, U.K.: Edward Elgar, forthcoming).

Klein, Peter G., "Information, Incentives, and Organization: The Microeconomics of Central Banking," In David Howden and Joseph T. Salerno, eds., The Fed at 100 (New York: Springer, forthcoming).

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.

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.

Foss, Nicolai J., and Peter G. Klein, "Entrepreneurship, Entrepreneurial Governance, and Economic Organization," in Anna Grandori, ed., Handbook of Economic Organization: Integrating Economic and Organization Theory (Cheltenham, U.K.: Edward Elgar, 2013), pp. 419-39.

Foss, Nicolai J., Peter G. Klein, and Per L. Bylund, " Entrepreneurship and the Economics of the Firm," in Daniel Hjorth, ed., Handbook on Organizational Entrepreneurship (Cheltenham, U.K.: Edward Elgar, 2012), pp. 49-63.

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.

Klein, Peter G., "Transaction Cost Economics and the New Institutional Economics," 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.

Klein, Peter G., "F. A. Hayek," in Peter G. Klein and Michael E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Cheltenham, U.K.: Edward Elgar, 2010), pp. 74-84.

Klein, Peter G., "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. 165-75.

Foss, Nicolai J., and Peter G. Klein, "Critiques of Transaction Cost Economics: An Overview," 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.

Foss, Nicolai J., and Peter G. Klein, "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. 281-96.

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 (Aldershot, U.K.: Edward Elgar, 2010), pp. 98-120.

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 version]

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.

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.

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.


Miscellaneous writings


Foss, Nicolai J., and Peter G. Klein, "Why Managers Still Matter," Sloan Management Review, Fall 2014.

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 in Journal 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 Philip Mirowski, Against Mechanism: Protecting Economics from Science, reviewed in Austrian Economics Newsletter 11, no. 2(Summer 1990): 10-11.


Completed working papers


"A Transaction Cost Approach to Strategizing" (with Kirsten Foss and Nicolai J. Foss). Under second review, Academy of Management Review.

"Efficiency and Adaptation in Organizations and Institutions" (with Joseph T. Mahoney, Anita M. McGahan, and Christos N. Pitelis). Revise and resubmit, Strategic Management Journal.

"Loss Aversion and Diminishing Sensitivity in Opportunity Evaluation" (with Duane Ireland, Timothy Holcombe, and Michael Holmes). Revise and resubmit, Journal of Business Venturing.

"The Cognitive Connection Between Ethics and Entrepreneurship" (with Desmond Ng and Harvey S. James, Jr.). Under review.

"Are Internal Capital Markets Good for Innovation?" Under review.

"Entrepreneurship and Desperate Poverty: Biopharmaceutical Innovation in China, India and Brazil" (with Anita M. McGahan and Rahim Rezaie).

"Organizational Form, Diversification, and the M-Form Hypothesis Revisited" (with Lee Y. Hu, David R. Kamerschen, and Kristy Jan Meeler).

"Universal-Bank Underwriting and Conflicts of Interest: Evidence from German Initial Public Offerings" (with Kathrin Zoeller).

"Ownership and Competitive Dynamics" (with Lasse B. Lien and Nicolai J. Foss).

"Why There? Decomposing the Choice of Target Industry" (with Lasse B. Lien).

"Do Diversified Firms Underinvest in R&D? Evidence from the 1960s."


Research in progress


"Hybrid Organizations and Pharmaceutical Innovation: Evidence from Brazil (with Sandro Cabral, Sergio G. Lazzarini, and Anita M. McGahan).

"Who Discloses Contracts, and Why? An Analysis of Contracts Contained in Corporate Filings" (with Michael E. Sykuta).

"Are Divestitures Predictable? A Duration Analysis" (with Sandra K. Klein).

"Strong Managers, Strong Owners: An Analysis of LBO Associations" (with John L. Chapman).

"The Round Trip of the American Corporation: Learning about the Value of Focus during the Conglomerate Merger Wave" (with Kathrin Zoeller).


Editorial positions and leadership


Associate Editor, Academy of Management Perspectives, 2012 to present.

Associate Editor, Independent Review, 2011 to present.

Editorial Board, Managerial and Decision Economics, 2008 to present.

Editorial Board, Journal of Management, 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, Administrative Sciences, 2010 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, Journal of Libertarian Studies, 2000-08.

Chair, Institutional and Behavioral Economics Section, Agricultural and Applied Economics Association, 2008–09; Executive Committee, 2007-10.

Treasurer, International Society for New Institutional Economics, 2008 to present.

Research Committee, Business Policy and Strategy Division, Academy of Management, 2008-10.

Nominating Committee, Board of Directors, International Society for New Institutional Economics, 2003 to present, and Program Committee, 2008.

Program Committee Chair, McCEL/DASS conference on “Frameworks for Entrepreneurship Research in Food, Agriculture, Natural Resources and Rural Development,” 2007.

Board of Advisors, Center on Entrepreneurial Innovation, Independent Institute, 2005 to present.

Board of Advisors, Institutions and Political Economy Group, University of the Witwatersrand, South Africa, 2010 to present.

Board of Advisors, Center on Culture and Civil Society, 2006 to present.

Board of Advisors, C. S. Lewis Society of California, 2006 to present.


Honors and awards


Distinguished Reviewer Award, Entrepreneurship Division, Academy of Management, 2012.

Best Paper Award, European Management Review, 2010 (for Klein, McGahan, Pitelis, and Mahoney,
" Toward a Theory of Public Entrepreneurship")

Best Paper Award, Journal of Private Enterprise, 2010 (for Foss and Klein, " Alertness, Action, and the Antecedents of Entrepreneurship")

Distinguished Paper Award, Business Policy and Strategy Division, Academy of Management, 2005 (for Lien and Klein, " Using Competition to Measure Relatedness")

Exceptional Teaching Recognition, M.Sc. Program Study Board, Copenhagen Business School, 2001

Student Career Development Recognition, University of Georgia Career Center, 2001

TIAA-CREF Outstanding Paper Award, Corporate Finance, Eastern Finance Association, 2000

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

John M. Olin Award in Law and Economics, 1993

Bradley Fellow, Haas School of Business, U.C. Berkeley, 1991-94

Mises Fellow, Ludwig von Mises Institute, 1988-94


Grants received


"Ediciones Vigía and the Aesthetics and Economics of Bricolage" (co-investigator), University of Missouri Mizzou Advantage, 2011-12

"Entrepreneurship in an Organizational Context" (co-investigator), Danish Social Science Research Council, 2009-12

"Entrepreneurial and Organizational Responses to Biotechnology Innovation," Illinois-Missouri Biotechnology Alliance, 2006

"Advancing Academic Research on Entrepreneurship" (co-investigator with Interdisciplinary Entrepreneurship Research Group, University of Missouri), Kauffman Foundation, 2004-06

"Contracting and Organizations Research Institute" (co-investigator), Unrestricted Gift, Coase Foundation, 2004 and 2003

"Strong Managers, Strong Owners: An Analysis of LBO Associations," University of Missouri Research Board and University of Missouri Research Council, 2003

"Organizational Structure and the Diversification Discount: Evidence from Commercial Banking," Sanford-Terry Research Grant, Terry College of Business, University of Georgia, 2001

Hayek Fund for Scholars, Institute for Humane Studies

"Understanding LBO Associations," Center for New Institutional Social Science, Washington University, St. Louis, 2000

"Understanding LBO Associations," Sanford-Terry Research Grant, Terry College of Business, University of Georgia, 2000

"Economic Institutions and Productivity," University of Georgia Research Foundation, 2000

"Organizing the Firm for Innovation: Evidence from Diversified Conglomerates," Sanford-Terry Research Grant, Terry College of Business, University of Georgia, 1999

"The Sources of Private-Sector Innovation: An Empirical Analysis," University of Georgia Research Foundation, 1998

"Diversification, Organization, and Economic Efficiency: Evidence from Bank Holding Companies," University of Georgia Research Foundation, 1996


Teaching


At the University of Missouri
Economics of Institutions and Organizations (Ph.D. level)
Economics of Entrepreneurship: Theory, Applications, Debate (Ph.D. level)
Economics of the Agribusiness Firm (Ph.D. level) (instructor and course coordinator)
Economics of Agribusiness Markets (Ph.D. level) (instructor and course coordinator)
Economics of Managerial Decision Making
Capstone Senior Seminar

At the Norwegian School of Economics and Business Administration
Entrepreneurship: Theory and Evidence (Ph.D. level)
Entrepreneurship, Innovation, and Competitive Advantage (executive MBA level)

At the Olin School of Business
Business Strategy

At the Copenhagen Business School
The Theory of the Firm and Its Applications in Management Research (Ph.D. level)
Networks, Information, and the New Economy (M.Sc. level)

At the University of Georgia
Industrial Organization (Ph.D. level)
Business Economics (MBA and executive MBA level)
Economics of Organization and Management
Economic Analysis of Law
Principles of Microeconomics (regular and honors)
Intermediate Microeconomics

At the University of California, Berkeley
As Instructor: Intermediate Microeconomics
As Graduate Assistant: Microeconomic Theory II (Ph.D. level)