The Meaning of the Market Process: Essays in the Development of Modern Austrian Economics ( Routledge Foundations of the Market Economy)
Author(s): Israel M Kirzner (Author)
- Publisher: Routledge
- Publication Date: September 5, 1996
- Edition: 1st
- Language: English
- Print length: 260 pages
- ISBN-10: 0415137381
- ISBN-13: 9780415137386
Book Description
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.
Editorial Reviews
From the Back Cover
The Meaning of Market Process collects the recent work of one of the world’s foremost ‘Austrian’ economists. Arguing that ‘equilibrium economics’ is inadequate to explain the real functioning of markets, it expounds the theory of market process – a theory which emphasizes the role of the entrepreneur and of ignorance, uncertainty and the passage of time.
About the Author
Israel M. Kirzner
