The Meaning of the Market Process

Name: The Meaning of the Market Process
Brand: Taylor & Francis Ltd
Price: 258.75 AUD
Availability: BackOrder

Essays in the Development of Modern Austrian Economics

By: Israel M Kirzner

Write A Review

Hardcover | 20 February 1992 | Edition Number 1

At a Glance

Hardcover
260 Pages

Dimensions(cm)
23.5 x 15.88 x 2.54

Hardcover

RRP $399.00

$258.75

35%OFF

or 4 interest-free payments of $64.69 with

or

Available for Backorder. We will order this from our supplier however there isn't a current ETA.

Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. Although this theory concurs with many of the major policy implications of neo-classical economics, it sharply diverges from much of the substance and methodology of neo-classicism. Austrian economists criticize the "tight equilibrium" approach of the mainstream and emphasize the crucial role of ignorance, uncertainty, and the passage of time. By introducing the role of the entrepreneur and of entrepreneurial discovery--an innovation in which Kirzner's earlier work has played a central role--modern Austrian economists believe that it is possible to steer a middle course between those who believe the world to be always in full coordination, and those who believe it has no important coordinating properties at all. The Meaning of Market Processoffers new substantive insights in support of this Austrian position, and new historical interpretations of how the ideas of the modernAustrians have emerged. The essays focus particularly on the pioneering work of Carl Menger, the contributions of von Mises and Hayek, and the famous interwar socialist calculation debate--issues which are especially relevant at a time when the economic failures of socialism have become widely recognized.

Industry Reviews

"To review in such a restriced space such an excellent book covering so much ground in so few pages with such penetrating insight is difficult." -"CHOICE, 10/92 ""The Meaning of Market Process presents a good introduction to the place of Austrian theories in modern economic thought." -Paul R. Robertson, University of New South Wales --"History of Political Economy, 1993

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.