Liberty, Prosperity, Entrepreneurship, and the Freedom to Fail
Scientific, technological, and economical progress requires trial and error, and sometimes failure. Many individuals, however, seek to improve society by eliminating or "overcoming" the risks that citizens face. The conference examined the relationship of risk taking and failure to a free society.
From Liberty Fund
Competition and Entrepreneurship
By Israel M. Kirzner
Edited and with an Introduction by Peter J. Boettke and Frédéric Sautet
Competition and Entrepreneurship defines Israel M. Kirzner’s unique contribution to the economics profession. Pointing out the shortcomings of the traditional microeconomic model, Kirzner offers an alternative and complementary view, which illuminates and enriches the way economists think of the market process. Kirzner develops a theory of the market process that…
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