00:00    |    
Initial credits
The Intellectual Portrait series
Introducing Israel Kirzner
02:09    |    
Beginning of the conversation
02:18.5    |    
How do you explain the fact that economics still has competing schools?
03:44    |    
Which are the central tenets of Austrian economics?
Austrian economics
Purposefulness of human action
08:46    |    
Does purposefulness of human action influence the way that Austrians look at market as an arena for discovery, rather than just the playing out of desire maximization?
Awareness of human ignorance 
Quote, Human Action, Ludwig von Mises
Role of time
11:23    |    
Can you provide an example of how decision making influences future decisions?
13:13    |    
How is your work in Competition and Entrepreneurshipdifferent from the previous contributions of the Austrian economics?  In what way has it enhanced the Austrian school as a science of economics?
Difference between the nature of economic decision and human action
Possibilities of making predictions in economics
20:36    |    
What is the relationship between competition and entrepreneurship?
Mainstream competition and human action competition
24:46    |    
In one of your books, you make the claim that "human beings are motivated to notice that which it is to their benefit to notice"?  Could you explain that quote and relate it to the game theory in economic science?
Game theory
Motivation of individuals to notice things of their interest
Difference between decision making and human action
30:19    |    
What is the socialist calculation debate?  How much does that distinguish Austrian economics from other non-socialist economic schools?
Socialist calculation debate and Austrian position
36:07    |    
Does your contribution of entrepreneurship have any implications for public policy oriented economic thinking?
Dimensions of potential policy implications
Joseph A. Schumpeter
Role of entrepreneurship
Competition for Austrian school of economics
42:52    |    
Recent Austrian economists
42:58    |    
Ludwig Lachmann
Early life
Analysis of Lachmann's points of view
49:39    |    
Who are other mainstream Austrian economists?
49:47    |    
Murray N. Rothbard
Work in Austrian economics
53:08    |    
In economics there has been an exceeding progress in the direction of mathematical modelling, has it been entirely misguided from the point of view of the Austrian school?
53:37    |    
Relationship between Austrian economics and mathematics
Franklin M. Fisher
57:38.5    |    
Which are your thoughts about George Stigler's remark about the effect that in economics, people tend to turn to the conservative side of the political spectrum?
01:00:08    |    
Final considerations
01:00:56    |    
Final words
01:01:03    |    
Final credits




A Conversation with Israel Kirzner

01 de agosto de 2000   | Vistas: 54 |  

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.


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín