Israel Kirzner

AAA

DEFINITION of 'Israel Kirzner'

A preeminent Austrian economist and professor emeritus of economics at New York University. Kirzner is known for his research in the economics of knowledge and entrepreneurship and the ethics of markets. Born in 1930 in London, he earned an MBA and Ph.D. from New York University while studying under another leading Austrian economist, Ludwig von Mises.

INVESTOPEDIA EXPLAINS 'Israel Kirzner'

Kirzner has authored and edited many books, including Competition and Entrepreneurship; Perception, Opportunity, and Profit; and The Meaning of Market Process, as well as numerous articles and book reviews. Recurring themes in his writing, as described by fellow economists Peter Boettke and Mario Rizzo, are the entrepreneurial function within the market, the institutional prerequisites for economic development and the examination of distributive justice.

RELATED TERMS
  1. John Stuart Mill

    A nineteenth-century British philosopher and classical liberal ...
  2. Business Ethics

    The study of proper business policies and practices regarding ...
  3. Economist

    An expert who studies the relationship between a society's resources ...
  4. Economics

    A social science that studies how individuals, governments, firms ...
  5. Dismal Science

    A term coined by Scottish writer, essayist and historian Thomas ...
  6. Entrepreneur

    An individual who, rather than working as an employee, runs a ...
Related Articles
  1. How Influential Economists Changed Our ...
    Fundamental Analysis

    How Influential Economists Changed Our ...

  2. The Austrian School Of Economics
    Economics

    The Austrian School Of Economics

  3. Nobel Winners Are Economic Prizes
    Options & Futures

    Nobel Winners Are Economic Prizes

  4. The Uncertainty Of Economics: Exploring ...
    Economics

    The Uncertainty Of Economics: Exploring ...

comments powered by Disqus
Hot Definitions
  1. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  2. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  3. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  4. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  5. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
  6. Direct Participation Program - DPP

    A business venture designed to let investors participate directly in the cash flow and tax benefits of the underlying investment. ...
Trading Center