Israel Kirzner

Israel Kirzner
Born	(1930-02-13) February 13, 1930 (age 93) London, England, United Kingdom
Nationality	American
Academic career
Field	Economics Economic history
School or tradition	Austrian School
Doctoral advisor	Ludwig von Mises
Influences	Wieser, Mises, Hayek

Israel Meir Kirzner (also Yisroel Mayer Kirzner /ˈkɜːrznər/; born February 13, 1930) is a British-born American economist, historian, rabbi, and Talmudist closely identified with the Austrian School.^[1]

Early life and education

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Austrian School
Principal works Capital and Interest Human Action Individualism and Economic Order Man, Economy, and State Principles of Economics
Origins School of Salamanca Classical economics French Liberal School School of Brentano Methodenstreit
Theories and ideologies Austrian business cycle Catallactics Creative destruction Economic calculation problem View of inflation Right-libertarianism Libertarianism in the United States Malinvestment Marginalism Methodological individualism Praxeology Roundaboutness Spontaneous order Subjective theory of value Theory of interest
Organizations, Universities, and Think Tanks Cato Institute University of Chicago George Mason University Foundation for Economic Education The Independent Institute Liberty Fund Mises Institute Mercatus Center Property and Freedom Society Reason Foundation
People Böhm-Bawerk Block Boettke DiLorenzo Fetter Garrison Haberler Hayek Hazlitt Heydel Higgs Hoppe Horwitz Hülsmann Huerta de Soto Kirzner Lachmann Lavoie Leeson Machlup Menger Mises Morgenstern Murphy Peterson Rothbard Röpke Salerno Skousen Strigl Wieser
Variants and related topics Anarcho-capitalism Economic freedom Perspectives on capitalism
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The son of a well-known rabbi and Talmudist, Kirzner was born in London and reached the United States by way of South Africa.

After studying at the University of Cape Town, South Africa in 1947–48, and with the University of London External Programme in 1950–51, Kirzner received his B.A. summa cum laude from Brooklyn College in 1954, and an MBA in 1955 and Ph.D. in 1957 from New York University, where he studied under Ludwig von Mises.

Kirzner is also an ordained Rabbi; see below.

Economics

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.^{[citation needed]}

In 2006, Kirzner received the Global Award for Entrepreneurship Research^[3] "for developing the economic theory emphasizing the importance of the entrepreneur for economic growth and the functioning of the capitalist process."^[4] While Kirzner's ideas have greatly impacted the field of entrepreneurship studies, he has mainly been associated with the opportunity discovery view. However, a careful reading of Kirzner's work would suggest that his work on entrepreneurship can be split into two camps, one focusing on discovery and the other on creation.^[5]

Like Joseph Schumpeter, Kirzner's work can arguably be divided into Kirzner Mark I and Kirzner Mark II.^[5] Kirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets. Kirzner has said that he agrees with Roger Garrison's statement that Kirzner's work takes the middle ground, as opposed to the recent, more extreme position of some Austrian School economists who deny the relevance of market equilibrium.^[1]

Universidad Francisco Marroquín granted him an Honorary Doctorate Degree for his contributions to economic theory. Honorary Doctoral Degrees at Universidad Francisco Marroquín UFM also named its Kirzner Entrepreneurship Center in his honor.^[6][7]

Publications

Liberty Fund is currently publishing Israel Kizner's Collected Works in ten volumes under the supervision of Peter Boettke and Frederic Sautet. The first volume, The Economic Point of View, came out in December 2009, the second volume, Market Theory and the Price System, in May 2011 and the third volume, Essays on Capital, in June 2012. The fourth volume, Competition and Entrepreneurship, came out in 2013, which will also be the year of the 40th anniversary of the publication of the book.

Some of his works on economics include:

Books

• Market Theory and the Price System. Van Nostrand, 1963.
• An Essay on Capital. A.M. Kelley, 1966.
• Competition and Entrepreneurship. Chicago, 1973. ISBN 0226437760.
• Perception, Opportunity and Profit: Studies in the Theory of Entrepreneurship. Chicago, 1973.
• The Economic Point of View: An Essay in the History of Economic Thought. Kansas City: Sheed and Ward, 1976.
• Discovery and the Capitalist Process. University of Chicago Press, 1985. ISBN 0226437779.
• Discovery, Capitalism and Distributive Justice. Basil Blackwell, 1989.
• The Meaning of Market Process. Routledge, 1992. ISBN 0415137381, 0415068665.
• The Driving Force of the Market. Routledge, 2000. ISBN 0415228239.

Articles

• "Fifty Years of FEE – Fifty Years of Progress in Austrian Economics". The Freeman, Vol. 46, No. 5, May 1996. Archived from the original.Archived 2020-10-09 at archive.today Full issue available.
• "Reflections on the Misesian Legacy in Economics". The Review of Austrian Economics, Vol. 9, No. 2, 1996, pp. 143–154. doi:10.1007/BF01103334. ISSN 0889-3047. S2CID 144925158.
• "Entrepreneurial Discovery and The Competitive Market Process: An Austrian Approach". Journal of Economic Literature, Vol. 35, No. 1, March 1997, pp. 60–85. JSTOR 2729693.
• "Human Action, 1949: A Dramatic Episode in Intellectual History". The Freeman, Vol. 59, No. 7, September 2009, pp. 8–11. Archived from the original.Archived 2020-10-09 at archive.today Full issue available.

Judaic scholar

Kirzner is also an ordained rabbi and Talmudic scholar and serves as the rabbi of the congregation once headed by his father in Brooklyn, New York. He is one of the most famous disciples of Rabbi Isaac Hutner, the late dean of the Yeshiva Rabbi Chaim Berlin, where he studied for many years during the same time that he obtained his academic training. Kirzner is an authority on Hutner's writings and is one of the few official editors of all sources that Hutner quotes.

See also

• Friedrich Hayek
• Milton Friedman

References

• Doherty, Brian (2008). "Kirzner, Israel M. (1930– )". In Hamowy, Ronald (ed.). The Encyclopedia of Libertarianism. Thousand Oaks, CA: Sage; Cato Institute. pp. 271–272. doi:10.4135/9781412965811.n162. ISBN 978-1412965804. LCCN 2008009151. OCLC 750831024.
• Ebeling, Richard M., "Happy 90th Birthday, Professor Israel Kirzner," American Institute for Economic Research, February 18, 2020

External links

Wikiquote has quotations related to Israel Kirzner.

• Israel Kirzner's Faculty Page Archived 2012-07-04 at the Wayback Machine
• First volume of Israel M. Kirzner's Collected Works edited by Peter Boettke and Frederic Sautet published in 2009 by Liberty Fund
• Causa Liberal's Collection of Kirzner essay links
• An Interview with Israel M. Kirzner: Between Mises and Keynes
• Israel Kirzner at Curlie
• Article "Azione e funzione imprenditoriale: Kirzner e i suoi critici", by Adriano Gianturco Gulisano, Nuova civilità delle macchine. Liberalismo e anarcocapitalismo, n° 1–2, 2011, pp. 371–396. (in Italian)
• Works by or about Israel Kirzner at Internet Archive
• "Israe, Kirzner". Online Library of Liberty. Retrieved 6 August 2022.

This page was last edited on 14 January 2024, at 06:55