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

    Web Pages

    Israel Kirzner - Libertarian
    Advocates for Self-Government

    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
    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
    "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. ... And for more than 25 years, the weekly Austrian economics colloquium at NYU, under Kirzner’s general supervision, has been an important focal point for Austrian-oriented economists in the greater New York area."
    The Undiscountable Professor Kirzner, by Roger W. Garrison, The Freeman, Aug 1997
    "Austrian macroeconomics is not the oxymoron that some have long suspected it of being. While those practitioners among us will quickly forgive Professor Kirzner for never crossing over into macroeconomics, they can offer nothing but praise for the job of bridge-building that he has done so well."

    Writings

    The Economics of Errant Entrepreneurs, The Freeman, Aug 1987
    "The great economic virtue of capitalism lies in its ability to stimulate vigorous and imaginative entrepreneurs who create profitable enterprises ... not on any supposed altruism evinced by entrepreneurs who lose money while catering to the tastes of a too-narrow group of consumers ..."
    Related Topic: Entrepreneurship
    The Nature and Significance of Economic Education: Economists Should Pursue Their Science with Objectivity, Detachment, and Passion, 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
    "But why is economic education needed? ... The conclusions of economics are, in general, counter-intuitive. Without careful guidance, the intelligent layman is likely to be led to accept as 'obvious,' policy prescriptions that economics reveals as tending to generate wholly unwanted consequences. ... it is needed in order to introduce the intelligent layman to new ways of looking at and understanding the world. "

    Interviews

    Between Mises and Keynes: An Interview with Israel M. Kirzner, Austrian Economics Newsletter, 1997
    "As Mises used to say, it was the great contribution of the classical economists to enunciate the concept of economic law. There are, indeed, systematic consequences to our actions. If one accepts that economics is the study of those systematic consequences, one cannot live with a perspective that sees the world as so open-ended that anything is possible."

    Books Authored

    Competition and Entrepreneurship, 1978
    Related Topic: Entrepreneurship
    Ludwig Von Mises: The Man and His Economics, 2001
    Partial 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
    Related Topic: Ludwig von Mises
    The Driving Force of the Market: Essays in Austrian Economics, 2000
    Related Topic: Austrian Economics

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