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Market Theory and the Price System

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"Market Theory and the Price System" was published in 1963 as Kirzner's first (and only) textbook. This volume presents an integrated view of Austrian price theory. The basic aim of the book is to utilise the tools of economic reasoning to explain the market process. The unique framework Kirzner develops for microeconomic analysis, following Mises and Hayek, examines error in decision-making, entrepreneurial profit, and competition as a process of discovery and learning.

Author: Kirzner Israel M
Publisher: LIBERTY FUND
Pages: 352
ISBN: 9780865977600
Cover: Paperback
Edition Number: 1
Release Year: 2011
Israel M. Kirzner is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University.

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