mises.org / Peter G. Klein / March 10, 2017
I am participating in a Liberty Matters dialog on Israel Kirzner’s contributions to economics. The lead essay is by Peter Boettke, followed by responses by Mario Rizzo, Frederic Sautet, and myself. Boettke’s contribution, “Israel M. Kirzner on Competitive Behavior, Industrial Structure, and the Entrepreneurial Market Process,” provides an overview of Kirzner’s analysis of the market process and its significance for economic theory. Rizzo responds with some methodological and epistemological qualifications, while Sautet attempts to put Kirzner’s contributions in the broader context of Mises’s system.