Written by John Lounsbury
Until recently I was not familiar with Austrian economist Irving Kirzner. He presented a lecture in the summer of 2011 at the Advanced Austrian Economics Summer Seminar in Irvington, NY. That lecture is the Documentary of the Week.
Please share this article – Go to very top of page, right hand side, for social media buttons.
Prof. Kirzner was first introduced to me by Nick Litsardopoulos (Twitter @Nlitsardopoulos). The specific tweet involved a short lecture segment in which Prof Zirzner said about economic equilibrium theory:
“I taught that, you taught that, and it’s all wrong.”
That mesage is developed and included in the lecture here (see around 49 minutes and what follows).
From Wikipedia:
Israel Meir Kirzner (also Yisroel Mayer Kirzner /ˈkÉœËrznÉ™r/; born February 13, 1930) is a British-born American economist closely identified with the Austrian School.[1]
The son of a well-known rabbi and Talmudist, Kirzner was born in London and reached the United States by way of South Africa.
Kirzner is emeritus professor of economics at New York University and a leading authority on Ludwig von Mises‘s thinking and methodology in economics. Kirzner’s research on entrepreneurship economics is also widely recognized.[2] His book, Competition and Entrepreneurship criticizes neoclassical theory for its preoccupation with the model of perfect competition, which neglects the important role of the entrepreneur in economic life. Kirzner’s work integrating entrepreneurial action into neoclassical economics has been more widely accepted than nearly any other Austrian idea of the late twentieth century.
Kirzner was a student of Ludwig von Mises and is a continuing expert on the thinlking of Mises.
This video is just over an hour (1:02). I had no problem watching this engaging presentation in one sitting.
Source: YouTube
.
include(“/home/aleta/public_html/files/ad_openx.htm”); ?>
