As an Amazon Associate, Liberty Book Nook earns from qualifying purchases. Prices may vary.
Competition and Entrepreneurship
Kirzner's foundational work on the entrepreneurial function in market economies. He argues that standard equilibrium economics misses the most important element of markets: the alert entrepreneur who discovers and acts on profit opportunities, driving the price discovery process that coordinates economic activity.
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
What You'll Learn from Competition and Entrepreneurship
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
Israel M. Kirzner
Israel M. Kirzner is emeritus professor of economics at New York University and one of the leading figures in the modern Austrian School. His work on entrepreneurship and market process is foundational to Austrian microeconomics.