Israel Kirzner is the foremost proponent of the modern Austrian theory of the market process. This book offers substantive insights in support of this theory and a new historical interpretation of how the ideas of modern Austrians emerged.markets have already, at any given time, attained the neighbourhood of equilibrium. Observed changes in market data must, in this approach, be explained as reflecting corresponding changes in the underlying data. Observed discrepanciesanbsp;...
|Title||:||The Meaning of the Market Process|
|Author||:||Israel M Kirzner|
|Publisher||:||Routledge - 2002-09-11|