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.
BREAKING DOWN '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.