- Downloads:
- Market Theory and the Price System_2.pdf
Israel Kirzner’s outstanding book on price theory is back in print. It is been very difficult to obtain it for decades, even though it is surely the best textbook on Austrian price theory ever written. The prose is crystal clear and the organization exceptional. He takes the reader through the foundations of individual action, exchange, utility, demand and supply, production, and the market process itself. Had it been in print, it would have schooled generations in Austrian price theory, and it is surely useful in the classroom today, or for general reading. Not a collection of essays, it is an integrated presentation from top to bottom, written early in Kirzner’s post-doctoral career.
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Kirzner is among the foremost scholars in the continuing development of the Austrian School of economic theory. He taught for many years at New York University.
Presented at Hillsdale "College's Conference Commemorating the Centenary of the Birth of Ludwig von Mises" on September 10, 1981.
The historic contribution of Mises was represented not so much by the magisterial works that he produced in 1912, or 1922, in 1933, or 1940 — as by his courageous, lonely vigil during the arid decades of the 1940s, 50s and 60s.
Princeton, NJ: Van Nostrand, 1963.
