Professor of Economics at New York University
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  • Israel Kirzner

    Israel Meir Kirzner (also Yisroel Mayer Kirzner; born 13 February 1930) is a British-born American economist closely identified with the Austrian School.

    Reference

    Kirzner, Israel M. (1930-), by Brian Doherty, The Encyclopedia of Libertarianism, 15 Aug 2008
    Biographical essay
    "Israel M. Kirzner, a British-born economist and theorist, is associated with the Austrian School and was a student of Ludwig von Mises. He has been an important academic representative of the Austrian School of Economics in America, holding a professorship of economics at New York University from 1957 to the present. ... Kirzner received an MBA from New York University (NYU) in 1955. While pursuing that degree, he came across Ludwig von Mises's seminar; under Mises's influence, he decided to pursue a career in academic economics instead of accountancy as he had originally planned."

    Born

    13 Feb 1930, Yisroel Mayer Kirzner, in London

    Biography

    Laissez Faire Books
    "London-born Kirzner (b. 1930) is the most important living economist in the Austrian School. He has written extensively about free markets as an ongoing process for discovering the most economical and effective ways to satisfy consumers. ... He has also written a fine biography of Ludwig von Mises, Ludwig von Mises: The Man and His Economics. Kirzner attended the University of Capetown, the University of London and Brooklyn College, and he earned his Ph.D. under Ludwig von Mises at New York University. He is Professor of economics at New York University."

    Web Pages

    Advocates for Self-Government - Libertarian Education: Israel Kirzner - Libertarian
    Includes photograph and biography from Laissez Faire Books
    "London-born Kirzner (b. 1930) is the most important living economist in the Austrian School. ... His latest publication is The Driving Force of the Market, previous books include The Economic Point of View (1960), Market Theory and the Price System (1963), An Essay on Capital (1966), Competition and Entrepreneurship (1973), Perception, Opportunity and Profit (1979), Discovery and the Capitalist Process (1983), Discovery, Capitalism and Distributive Justice (1989), The Meaning of the Market Process (1992), and Essays on Capital and Interest (1996)."

    Articles

    A Call to Activism, by Margit von Mises, The Free Market, Jun 1984
    Speech delivered 27 Feb 1984 at a Mises Institute dinner in her honor; calling her late husband an "activist of the mind" and encouraging others to become likewise
    "I also want to give special thanks to Professor Israel Kirzner, who helped me put the material together for a chapter on Austrian economics. Here is another example of a famous man who has helped me because of his devotion to his great teacher."
    Cantillon for Laymen, by Karen De Coster, Mises Daily, 7 Jun 2006
    Discusses the themes in Cantillon's Essai in general terms, including a short biographical section
    "Economist Israel Kirzner, in his theory of competition and entrepreneurship, asserts that 'decisions necessarily involve an entrepreneurial element.' The non-entrepreneurial element consists mostly of tasks such as calculation, whereas the entrepreneurial element involves a 'shrewd and wise assessment of the realities (both present and future) within the context of which the decision must be taken' (Kirzner 1985, pp. 16-17). ... Kirzner, Israel M. 1985. Discovery and the Capitalist Process. Chicago: University of Chicago Press."
    How I Became a Libertarian and an Austrian Economist, by Richard Ebeling, 2 May 2016
    Autobiographical essay highlighting the people and events who influenced him in his path to libertarianism and Austrian economics
    "Israel Kirzner was and is the 'ideal type' of the economist's economist. Whether in his office at NYU or in the Austrian Economics seminar, Kirzner was the deliberative, balanced and thoughtful thinker, who in the most scholarly manner explained the Austrian theory of entrepreneurship and the market process, while always showing the most careful respect and attention to alternative approaches and conceptions of the market order within the economics profession. His training as a rabbinical scholar, with its detailed appreciation to words, meanings and conceptual nuance was ever present in his careful and comprehensive textual analysis ..."
    Israel M. Kirzner and the Austrian Theory of Competition and Entrepreneurship, by Richard Ebeling, Future of Freedom, Aug 2001
    Written on occasion of Kirzner's academic retirement at age 71; begins with biographical summary and then focuses on Kirzner's understanding of entrepreneurs in the market "process" and the detrimental effects of government intervention in the market
    "In the 40 years since earning his doctoral degree, Kirzner has published 11 books, more than 100 articles, and more than 30 book reviews. He has also been one of the leading intellectual forces in bringing about the revival of the Austrian school of economics, after its long hiatus following the triumph of Keynesian economics after the Second World War. Besides Kirzner's influence through the originality and persuasiveness of his writings, in 1976 he founded an Austrian economics graduate study program at New York University that has helped to successfully train a new generation of Austrian economists."
    The Undiscountable Professor Kirzner, by Roger W. Garrison, The Freeman, Aug 1997
    Review of Kirzner's 1996 Essays on Capital and Interest, a collection of three previously published essays
    "The final essay ... is clearly the work of a well-seasoned scholar. Professor Kirzner's good scholarship shines through in all his writings, but here we see him as a veteran of many symposia and conferences complete with their unyielding question-and-answer sessions. His work now has a growing and challenging audience. He responds to criticisms as if he has heard those criticisms many times in many different forms—because he has. The exchanges with allies and critics over the years have allowed him to clarify his own ideas and to offer them in the most rhetorically effective ways."

    Writings

    The Economics of Errant Entrepreneurs, The Freeman, Aug 1987
    Discusses whether entrepreneurial error, that is, unsuccessful, unprofitable entrepreneurs provide some benefits to society, compared to the benefits derived from successful ones
    "A recent stimulating Freeman article by Jane S. Shaw (April, 1987) provocatively drew attention to some of the benefits derived by society from entrepreneurial daring and imagination—even when it turns out that these are expressed in ventures that lose money and eventually fall by the wayside. ... the incredible successes of capitalism do not depend on such follies; they depend on the stimulus the system provides to farsighted, clear-visioned entrepreneurs who are, at all times, competing away resources from foolish ventures towards more judicious, more accurate, dreams and aspirations."
    Related Topics: Capitalism, Entrepreneurship
    The Nature and Significance of Economic Education, The Freeman, Oct 1998
    Explains why economic education of both the general public and politicians/legislators is needed and why a teacher, such as Mises, must remain scientifically detached (value free) even if passionate about the teaching goals
    "For many years I have been fascinated by what at first glance seems a paradoxical feature in Ludwig von Mises's attitude to the economics he taught. I believe that this seeming paradox in the life and work of my revered teacher can provide us with the key to understanding the role of economic education ... The legitimate moral, and even passionate, commitment with which the Foundation and its supporters seek to promote its goals need not (in fact, dare not) compromise the detachment and objectivity of the content of the economic education, the dissemination of which makes up those goals."

    Interviews

    The Kirznerian Way: An Interview with Israel M. Kirzner, Austrian Economics Newsletter, 1997
    Topics include: Ludwig von Mises, the Austrian School, equilibrium, entrepreneurship, capital, business cycle theory, time preference, Hayek, Lachmann and Rothbard
    "When I wrote An Essay on Capital in 1966, I didn't believe I was breaking any new ground. After completing my 1963 book, I spent several years hoping to write a history of capital theory since the 1880s. I found myself getting deeper and deeper in what I found to be an endless muddle of ideas, confusion of purposes, and definitional ambiguities. I finally gave up. I found instead that it would be useful for me to write down in clear and simple terms a summary of what I got out of my research, in light of the Misesian framework."

    Books Authored

    Competition and Entrepreneurship, 1978
    Contents: Market Process versus Market Equilibrium - The Entrepreneur - Competition and Monopoly - Selling Costs, Quality, and Competition - The Long Run and the Short - Competition, Welfare, and Coordination
    Related Topic: Entrepreneurship
    Ludwig Von Mises: The Man and His Economics, 2001
    Contents: Ludwig von Mises, 1881-1973 - Ludwig von Mises, Economist - The Nature of Economic Inquiry - The Economics of the Market Process - Monetary Theory, Cycle Theory, and the Rate of Interest - Mises: Free-Market Economist of the Century - Postscript
    Related Topic: Ludwig von Mises
    The Driving Force of the Market: Essays in Austrian Economics, 2000
    Contents: The character of Austrian economics - The market process: some normative perspectives - Studies in the Mises—Hayek legacy - Studies in the theory of competition and entrepreneurship - Appendices: Three obituaries
    Related Topic: Austrian Economics

    The introductory paragraph uses material from the Wikipedia article "Israel Kirzner" as of 08 Jun 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.