"Market Theory and the Price System" was published in 1963 as
Kirzner's first (and only) textbook. This volume presents an
integrated view of Austrian price theory. The basic aim of this
book is to utilise the tools of economic reasoning to explain the
market process. The unique framework Kirzner develops for
microeconomic analysis, following Mises and Hayek, examines error
in decision-making, entrepreneurial profit, and competition as a
process of discovery and learning.
General
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