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The genius of Mises and the brilliance of Kirzner


  • Boettke, Peter
  • Sautet, Frederic


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.

Suggested Citation

  • Boettke, Peter & Sautet, Frederic, 2006. "The genius of Mises and the brilliance of Kirzner," MPRA Paper 32088, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:32088

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    References listed on IDEAS

    1. David Lambert, 1999. "Scale and the Malmquist productivity index," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 593-596.
    2. Bjurek, Hans, 1996. " The Malmquist Total Factor Productivity Index," Scandinavian Journal of Economics, Wiley Blackwell, vol. 98(2), pages 303-313, June.
    3. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    4. Fare, Rolf & Grosskopf, Shawna & Roos, Pontus, 1996. "On two definitions of productivity," Economics Letters, Elsevier, vol. 53(3), pages 269-274, December.
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    More about this item


    Ludwig von Mises; Israel Kirzner; Market Process; Austrian;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian


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