The Meaning of the Market Process: Essays in the Development of Modern Austrian Economics
Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.
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The Meaning of Market Process: Essays in the Development of Modern Austrian ...
Israel M. Kirzner
No preview available - 1992
achieve allocation approach argue assumption Austrian economics Austrian middle ground Austrian School Austrian tradition Austrian understanding basic knowledge problem Böhm-Bawerk calculation debate capitalist Carl Menger central planning chapter choice circumstance competition concerning consumer consumer sovereignty context contribution course critique decisions defence discovery dispersed knowledge dynamic earlier economic calculation economic calculation debate economic problem economic theory emphasized entrepreneurial alertness equilibrating equilibrium prices error existence fact future given Hayekian human action ignorance implications important individual inputs institutions justice Kirzner Lavoie Lionel Robbins Ludwig von Mises market economy market participants market prices Menger Mengerian methodological individualism microeconomics Mises and Hayek Misesian modern Austrian mutual neoclassical neoclassical economics normative notion offer one’s optimal perfect competition perspective planner possibility production pure profit radical subjectivist realities recognize refer regard relevant result Robbins role seen sense social efficiency society spontaneous subjectivism systematic understanding of market valuations vision welfare economics