Meaning of Market Process

Name: Meaning of Market Process
Availability: OutOfStock
ISBN: 9781280182297

ISBN-10: 1280182296

ISBN-13: 9781280182297

Edition: N/A

Authors: Israel M. Kirzner

List price: $250.77

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Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This theory, while concurring with many of the major policy implications of neo-classical economics, sharply dissents from much of the substance and methodology of neo-classicism. Emphasising the crucial role of ignorance, uncertainty, and the passage of time, Austrian economists criticize the 'tight equilibrium' approach of the mainstream. Yet the Austrians refuse to conclude that the major conclusions of economics are to be rejected. By introducing the role of the entrepreneur and of entrepreneurial discovery (an innovation in which the author's earlier work has played a central role), modern…

Book details

List price: $250.77
Publisher: Taylor & Francis Group
Publication date: 1/1/1992
Binding: E-Book
Language: English