Essays on Capital and Interest: An Austrian Perspective, by Israel Kirzner

Puzzles for Economists

Mises Review 3, No. 2 (Summer 1997)

ESSAYS ON CAPITAL AND INTEREST: AN AUSTRIAN PERSPECTIVE
Israel M. Kirzner
Edward Elgar, 1996, viii + 166 pgs.

Israel Kirzner has achieved greatest renown as an Austrian economist for his work on entrepreneurship. But he is also a distinguished capital theorist; the present volume usefully collects several of Kirzner’s essays in this field, most notably his 1966 “An Essay on Capital.”

Before Resorting to Politics, by Anthony de Jasay

Can the State Speak for All?

Mises Review 2, No. 4 (Winter 1996)

BEFORE RESORTING TO POLITICS

Anthony de Jasay
Edward Elgar, 1996, 71 pgs.

Anthony de Jasay’s short book contains more good sense about political theory than many treatises of enormously greater length. (One thinks, in this connection, of the most overrated book of modern moral philosophy, Rawls’s A Theory of Justice.)

Hidden Order: The Economics of Everyday Life, by David Friedman

The Book of Vices

Mises Review 2, No. 4 (Winter 1996)

HIDDEN ORDER: THE ECONOMICS OF EVERYDAY LIFE
David Friedman
Harper Business, 1996, xi + 340 pgs.

This book starts to derail around Chapter 15. Before then, the work provides a largely sound elementary account of economic principles. Our author writes from a neoclassical, rather than an Austrian perspective; and Austrian readers will find it revealing to compare Friedman’s approach with their own. But of this more later.