The driving force of the market : essays in Austrian economics / Israel M. Kirzner.

Includes bibliographical references and index.

Print version record.

Book Cover; Title; Contents; Preface; Acknowledgments; The character of Austrian economics; Entrepreneurial discovery and the competitive market process: an Austrian approach; The subjectivism of Austrian economics; Subjectivism, freedom and economic law; The market process: some normative perspectives; The limits of the market: the real and the imagined; The ethics of competition; The nature of profits: some economic insights and their ethical implications; Coordination as a criterion for economic ~goodness~; Studies in the Mises; Hayek legacy; Reflections on the Misesian legacy in economics

Mises and his understanding of the capitalist system Hedgehog or fox? Hayek and the idea of plan-coordination; Studies in the theory of competition and entrepreneurship; Competition and the market process: some doctrinal milestones; The driving force of the market: the idea of ~competition~ in contemporary economic theory and in the Austrian theory of the market process; Creativity and/or alertness: a reconsideration of the Schumpeterian entrepreneur; Rationality, entrepreneurship, and economic ~imperialism~; Three obituaries; Ludwig von Mises; Friedrich A.von Hayek; Ludwig M.Lachmann; Index

This book offers a unique insight into the character of Austrian economics. This work also collects the recent work of the leading authorities in this area, and will be an indispensable tool for all those interested in the implications of Austrian approach on economics. The author also examines *the market economy *theories of Competition and Entrepreneurship *the Mises-Hayek legacy.

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