ENGLISH

How Markets Work: Disequilibrium, Entrepreneurship and Discovery

By Israel Kirzner

Book information

Year
1997
ISBN
0255364040
Language
english
Format
PDF
Filesize
3 MB (2688438 bytes)
Series
-
Pages
78\78
Topic
Economy
Time added
2016-09-05 07:02:38

Description

In the last hundred years or so, the neo-classical school has come to dominate microeconomic thinking. Economists concerned with competition have taken refuge in increasingly complex models which emphasize the end-state of competitive equilibrium. This paper presents, in non-technical terms, an 'Austrian' view of how a market economy works. The writer of this book follows in the Austrian tradition as he tries to crystallize the theory of entrepreneurial discovery and of its implications for economic understanding and policy.

Similar books