Israel Kirzner

encyclopedia

Kirzner, Israel M. (1930-)

by Brian Doherty on Aug 15, 2008

Israel M. Kirzner is a noted economist of the Austrian School known most for his work on the role of entrepreneur in the market.

encyclopedia

Socialist Calculation Debate

by Israel Kirzner on Aug 15, 2008

The socialist calculation debate asks whether central planners can efficiently distribute resources. Evidence largely proves that no, socialism will always fail.

encyclopedia

Economics, Austrian School of

by Peter J. Boettke on Aug 15, 2008

Economists in the Austrian School approach their analysis by looking at human choices and behavior, and how human action by itself creates and regulates markets.