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Competition and Entrepreneurship

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Tags EntrepreneurshipMonopoly and CompetitionValue and Exchange

01/11/2016Israel M. Kirzner

Written the year of Mises's death, this is the book that brought new prominence to the Austrian theory of the entrepreneur. Kirzner views him as the discoverer of opportunities in the competitive process, and contrasts this view with the general equilibrium view-which defines away the entrepreneur-and the Schumpeterian view that discovery is always disequilibrating. For its lucidity and focus, this remains an Austrian classic.


Note: The views expressed on are not necessarily those of the Mises Institute.

Israel M. Kirzner

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.

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