Liberty Matters: Israel M. Kirzner and the Entrepreneurial Market Process (March 2017)

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In this Liberty Matters online discussion Peter Boettke of George Mason University examines Israel Kirzner’s insights into the rivalrous nature of competitive behavior and the market process, his analysis of market theory and the operation of the price system, the institutional environment that enables a market economy to realize mutual gains from trade and to continuously discover gains from innovation, and to produce a system characterized by economic growth and wealth creation. Boettke concludes by arguing that Kirzner has done more than nearly any other living modern economist to improve our understanding of competitive behavior and the operation of the price system in a market economy. Boettke is joined in the discussion by Peter G. Klein, professor of entrepreneurship at Baylor University’s Hankamer School of Business, Mario Rizzo, professor of economics at New York University, and Frédéric Sautet, associate professor at The Catholic University of America. Boettke and Sautet are the editors of Liberty Fund’s 10 volume The Collected Works of Israel M. Kirzner.

The online version of this discussion can be found here.

See the Archive of Liberty Matters.

Liberty Matters: Israel M. Kirzner and the Entrepreneurial Market Process (March 2017) (Indianapolis: Liberty Fund, 2017).

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