Israel M. Kirzner

freeman@fee.org

Related Freeman Articles

Article

The Anatomy of Economic Advice, Part III

OCTOBER 01, 2006 by ISRAEL M. KIRZNER

In the first article of this trilogy we explored some of the ambiguities and difficulties that surround the very idea of "economic advice" based on economic science. In the second article we set forth some of the basic foundations of economic science (with special reference to what the science can teach us about what we called the "benign" character of the spontaneous market process).

Article

The Anatomy of Economic Advice, Part II

SEPTEMBER 01, 2006 by ISRAEL M. KIRZNER

How can positive science (consisting entirely of "is" statements) be translated into "ought" statements within the framework of economic understanding? In the first part of this series we drew attention to some of the paradoxes surrounding economic advice.

Article

The Anatomy of Economic Advice, Part I

AUGUST 01, 2006 by ISRAEL M. KIRZNER

As is the case with virtually all branches of human knowledge, economic knowledge and understanding are valued not only (or even primarily) for their own sake, but for their usefulness in practical terms. The enormous sums expended each year on economic research and economic education certainly would not be forthcoming if it were not expected that such research and education could help promote wise policies leading to prosperity and economic well-being.

Article

The Open-Endedness of Knowledge

Ruminations on the Two Paradoxes of FEE

JUNE 01, 2003 by ISRAEL M. KIRZNER

CURRENT ISSUE

November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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