A conversation with Israel Kirzner
Cambiar vista de pantalla:
Israel Kirzner, Tibor R. Machan
2000 | Liberty Fund | Duración:..
About this video
About the author
Israel Kirzner, during this interview with Tibor R. Machan, shares his experience as a student of Ludwig von Mises, his career as a professor of economics at New York University, and his knowledge of the Austrian school of economics, elaborating on its central tenets as a combination of ideas and insights which have evolved since its constitution, leading to a new area of economic science. Kirzner also talks about the theories of human action and decision making, which operate in the market, and shares Ludwig von Mises ideas, as well.
He also talks about the new appraisal to quality competition described in his book Competition and Entrepreneurship, where he comments on the differences between the mainstream competition and the human action competition models and stands out that in the first model, there is no room for the entrepreneur because it claims a market with freedom of entry and lack of privileges of any kind which is not how it works in the real world. He concludes commenting on the debate between those who understand the law of economics and those who deny it.
A conversation with Israel Kirzner
Israel Kirzner is a leading economist of the Austrian School of Economics. He is professor emeritus of economics at New York University and author of numerous publications, including "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach;" The Meaning of Market Process; Discovery, Capitalism and Distributive Justice; The Economic Point of View; and Competition and Entrepreneurship. Kirzner graduated Summa Cum Laude with a BA from Brooklyn College. He has an MBA and a PhD from New York University.
Selected Quotes from Israel Kirzner:
"What competition really means is the freedom of any entrepreneur to enter."
"The great debate in the history of economics has been between those who understand the nature of economic 'law' and the deniers of economic law."
Kirzner claims subjectivism as the most important insight of the Austrian school. What do Austrian economists mean by subjectivism, and how does this differ from the perspective of mainstream economics?
How does the tenet of purposefulness differentiate the way individual behavior is viewed from the paradigm of maximization?
What is the place of ignorance in Austrian economic theory?
How does the Austrian perspective on time differ from the mainstream?
Why is it easier to make predictions utilizing a Robbinsian framework rather than an Austrian one?
Which do you find to be a more realistic description of the decision-making process, and why?
What does Kirzner means when he says, "Human beings notice that which it is to their benefit to notice?" How can this be reconciled with the tenet of ignorance?
Kirzner references Lerner, suggesting that Marxism is the economics of capitalism and price theory is the economics of socialism. What does he mean by this, and to what extent do you agree?
Kirzner argues that J.A. Schumpeter can be considered part of the Austrian school, at least as far as his analysis of anti-trust policy is concerned. Do you agree that Schumpeter's analysis, as described by Kirzner, can be considered Austrian?
How does Kirzner characterize the relationship between Austrian economics and mathematics? Is mathematics a help or hindrance to Austrian economic analysis?