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Israel M. Kirzner

Member of: FEE Faculty Network

Israel Kirzner is Emeritus Professor of Economics at New York University. He is widely published (some of his books include: The Economic Point of View, Market Theory and the Price System, An Essay on Capital, Competition and Entrepreneurship, Perception, Opportunity and Profit Studies in the Theory of Entrepreneurship, Discovery, Capitalism and Distributive Justice). Also, he has published many articles and edited both books and journals. He resides in New York. He is a member of the FEE Faculty Network.

Israel M. Kirzner's Articles

The Anatomy of Economic Advice, Part III

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).

- October 01, 2006

The Anatomy of Economic Advice, Part II

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.

- September 01, 2006

The Anatomy of Economic Advice, Part I

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.

- August 01, 2006

The Open-Endedness of Knowledge

If we appear uncompromising, this is because we are absolutely sure of this one thing that we know with certainty; that is, that human knowledge is open-ended and inescapably limited.

- May 31, 2003

Advertising: A Lecture by Israel Kirzner

The positive role of advertising in a capitalistic, free-market economy.

- September 01, 1972

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