Perception, oppurtunity and profit: studies in the theory of entrepreneurship

By:

Kirzner, Israel M

Material type: Text

TextPublication details: Chicago; University of Chicago Press; 1979Description: 274 pISBN:

226437736

Subject(s):

Enterpreneurship

DDC classification:

338.04 KIR

Summary: In this collection of essays, Israel Kirzner continues the work he began in his earlier volume, Competition and Entrepreneurship (Chicago, 1973). Based on the Austrian approach to economics-which sees the market as a process rather than as a reflection of equilibrium Kirzner's work extends that done by Mises and Hayek. Standard economic theory, Kirzner demonstrates, excludes the entrepreneur. This omission is a crippling one, confining discussion and activity in the field to a narrow concept of economic decision making. Standard theory adheres to the idea of the supremacy of equilibrium, ignoring the consequences of error and ignorance. This lends to all traditional economic theory an air of unreality responsible for widespread dissatisfaction among younger economists.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Donated Books	Gandhi Smriti Library	338.04 KIR (Browse shelf(Opens below))	Available		DD6569

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Previous	338.04 IND Emerging entrepreneurial opportunities.	338.04 KAN Grassroots enterpreneaurship: enterpreneaurs and micro-enterprises in rural India	338.04 KAO Entrepreneurship, Creativity and organization: text, cases & readings	338.04 KIR Perception, oppurtunity and profit: studies in the theory of entrepreneurship	338.04 LEW New new thing: how some man you've never heard of just changed your life	338.04 MIS Entrepreneneur & entrepreneurship development and planning in India	338.04 Nat Model syllabi for entrepreneurship development training programme.	Next

In this collection of essays, Israel Kirzner continues the work he began in his earlier volume, Competition and Entrepreneurship (Chicago, 1973). Based on the Austrian approach to economics-which sees the market as a process rather than as a reflection of equilibrium Kirzner's work extends that done by Mises and Hayek.
Standard economic theory, Kirzner demonstrates, excludes the entrepreneur. This omission is a crippling one, confining discussion and activity in the field to a narrow concept of economic decision making. Standard theory adheres to the idea of the supremacy of equilibrium, ignoring the consequences of error and ignorance. This lends to all traditional economic theory an air of unreality responsible for widespread dissatisfaction among younger economists.

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