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The genius of Mises and the brilliance of Kirzner

Author

Listed:
  • Boettke, Peter
  • Sautet, Frederic

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.

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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    File URL: https://mpra.ub.uni-muenchen.de/32088/1/MPRA_paper_32088.pdf
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    More about this item

    Keywords

    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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