Kirzner is emeritus professor of economics at New York University and a leading authority on Ludwig von Mises's thinking and methodology in economics. Kirzner's research on entrepreneurship economics is also widely recognized.[2] His book, Competition and Entrepreneurship criticizes neoclassical theory for its preoccupation with the model of perfect competition, which neglects the important role of the entrepreneur in economic life. Kirzner's work integrating entrepreneurial action into neoclassical economics has been more widely accepted than nearly any other Austrian idea of the late twentieth century.[citation needed]
In 2006, Kirzner received the Global Award for Entrepreneurship Research[3] "for developing the economic theory emphasizing the importance of the entrepreneur for economic growth and the functioning of the capitalist process."[4] While Kirzner's ideas have greatly impacted the field of entrepreneurship studies, he has mainly been associated with the opportunity discovery view. However, a careful reading of Kirzner's work would suggest that his work on entrepreneurship can be split into two camps, one focusing on discovery and the other on creation.[5]
Like Joseph Schumpeter, Kirzner's work can arguably be divided into Kirzner Mark I and Kirzner Mark II.[5] Kirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets. Kirzner has said that he agrees with Roger Garrison's statement that Kirzner's work takes the middle ground, as opposed to the recent, more extreme position of some Austrian School economists who deny the relevance of market equilibrium.[1]
Universidad Francisco Marroquín granted him an Honorary Doctorate Degree for his contributions to economic theory. Honorary Doctoral Degrees at Universidad Francisco Marroquín UFM also named its Kirzner Entrepreneurship Center in his honor.[6][7]
Publications
Liberty Fund is currently publishing Israel Kizner's Collected Works in ten volumes under the supervision of Peter Boettke and Frederic Sautet. The first volume, The Economic Point of View, came out in December 2009, the second volume, Market Theory and the Price System, in May 2011 and the third volume, Essays on Capital, in June 2012. The fourth volume, Competition and Entrepreneurship, came out in 2013, which will also be the year of the 40th anniversary of the publication of the book.
Some of his works on economics include:
Books
Market Theory and the Price System. Van Nostrand, 1963.
An Essay on Capital. A.M. Kelley, 1966.
Competition and Entrepreneurship. Chicago, 1973. ISBN0226437760.
Perception, Opportunity and Profit: Studies in the Theory of Entrepreneurship. Chicago, 1973.
"Entrepreneurial Discovery and The Competitive Market Process: An Austrian Approach". Journal of Economic Literature, Vol. 35, No. 1, March 1997, pp. 60–85. JSTOR2729693.
Kirzner is also an ordained rabbi and Talmudic scholar and serves as the rabbi of the congregation once headed by his father in Brooklyn, New York. He is one of the most famous disciples of Rabbi Isaac Hutner, the late dean of the Yeshiva Rabbi Chaim Berlin, where he studied for many years during the same time that he obtained his academic training. Kirzner is an authority on Hutner's writings and is one of the few official editors of all sources that Hutner quotes.
