Competition and Entrepreneurship

Business & Finance
Cover of the book Competition and Entrepreneurship by Israel M. Kirzner, University of Chicago Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Israel M. Kirzner ISBN: 9780226375489
Publisher: University of Chicago Press Publication: July 10, 2015
Imprint: University of Chicago Press Language: English
Author: Israel M. Kirzner
ISBN: 9780226375489
Publisher: University of Chicago Press
Publication: July 10, 2015
Imprint: University of Chicago Press
Language: English

Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.

Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources."

Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics.

Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources."

Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.

More books from University of Chicago Press

Cover of the book Richard Owen by Israel M. Kirzner
Cover of the book Import Competition and Response by Israel M. Kirzner
Cover of the book Between History and Myth by Israel M. Kirzner
Cover of the book Tim and Tom by Israel M. Kirzner
Cover of the book Public Religions in the Modern World by Israel M. Kirzner
Cover of the book The Constitution of Liberty by Israel M. Kirzner
Cover of the book Eye of Newt and Toe of Frog, Adder's Fork and Lizard's Leg by Israel M. Kirzner
Cover of the book Social Theory Now by Israel M. Kirzner
Cover of the book A Fistful of Shells by Israel M. Kirzner
Cover of the book Creating Country Music by Israel M. Kirzner
Cover of the book Nightmarch by Israel M. Kirzner
Cover of the book My Bishop and Other Poems by Israel M. Kirzner
Cover of the book The Future of Healthcare Reform in the United States by Israel M. Kirzner
Cover of the book Dirty Money by Israel M. Kirzner
Cover of the book Freak Show by Israel M. Kirzner
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy