The genius of Mises and the brilliance of Kirzner

Boettke, Peter and Sautet, Frederic (2006): The genius of Mises and the brilliance of Kirzner.

Abstract

Ludwig von Mises and Israel Kirzner are two of the most prominent scholars who have attempted to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis in the actual imperfect world. These economists, among others, have sought to demonstrate how human behavior guided by prices, as well as monetary profits and losses, and under a system of private property would adjust and cope with the world's imperfections.

• Item Type: MPRA Paper
• Language: English
• Keywords: Ludwig von Mises; Israel Kirzner; Market Process; Austrian
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology; B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B25 - Historical ; Institutional ; Evolutionary ; Austrian; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B53 - Austrian

References

Kirzner, Israel M. 2000. Forward. In Sautet, Frederic. 2000. An Entrepreneurial Theory of the Firm. London, Routledge.

Mayer, Hans. 1932 Der Erkenntniswert der Funktionellen Priestheorien. Translation, 1994. The Cognitive Value of Functional Theories of Price. In Kirzner, Israel. M., Classics in Austrian Economics: A Sampling in the History of a Tradition, Volume II: The Interwar Period. London, Pickering and Chatto.

Mises, Ludwig. 1978. Notes and Recollections. Illinois, Libertarian Press.

Mises, Ludwig. 1949 [1966]. Human Action: A Treatise on Economics. San Francisco, Fox Wilkes.

Mises, Ludwig. 1922 [1981]. Socialism. Indianapolis, IN, Liberty Fund.

Mises, Ludwig. 1920 [ 1990] Economic Calculation in the Socialist Commonwealth. Auburn, AL, Ludwig von Mises Institute.

Mises, Ludwig. 1912 [1980] The Theory of Money and Credit. Indianapolis, IN, Liberty Press.

Stigler, George. 1946. Theory of Price. Chicago, University of Chicago Press.