Martín Krause habla sobre el origen de las ciencias económicas, los antecedentes históricos de la Escuela Austriaca, los aportes de Adam Smith, Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich A. Hayek y otros autores, como Joseph Schumpeter, Oskar Morgenstern, Murray Rothbard e Israel Kirzner, quienes también han contribuido en la formación de tan valiosa […]

Credits Theory of Capital and InterestIsrael Kirzner Universidad Francisco Marroquín Guatemala, November 3, 1996 A New Media – UFM production. Guatemala, November 3, 1996Index: Joseph Cole; publication: Pedro David España

Israel Kirzner is a well-known economics professor who illustrates the importance of advertising in a supposedly consumer-driven society. Consumer sovereignty is often thought to be imperative, but as Kirzner mentions, the producer anticipates what the consumer wants. Throughout this lecture, he explains that advertising and the sequence of producers and consumers play an important role in the market economy.    […]

Israel Kirzner elaborates on the outcome of governments imposing regulations that are not needed in a country’s market, listing many of the problems derived from said action, such as the existence of minimum wage, child labor, tariff, and price fixing laws, to mention a few. He thoroughly explains the differences existing between the Austrian and […]

Israel Kirzner explains one of the basic elements of economics: the law of supply and demand, as well as the model for price determination in a market and elaborates on why and how, viewed from an Austrian perspective, this economic model works. He refers to Friedrich A. Hayek’s insight on equilibrium and disequilibrium, indicating that […]

Economic theory has been widely criticized since the beginnings of economic science in the eighteenth century due to the confusion between self-interest and selfishness. Israel Kirzner presents arguments that both support and oppose economics. He concludes that many of those that oppose economic theory confuse self-interest, meaning the freedom to do what one wants, and […]