In this essay, we survey the use of knowledge in economics and argue that knowledge should be treated one way rather than another. In other words, we see our purpose as both positive and normative. First, we want to show how some economists have treated knowledge in their analytical depictions...

In this curriculum vitae, we provide a comprehensive list of the published academic works of economist Israel M. Kirzner. These include solo-authored books, edited volumes, journal articles, book chapters, and book reviews, including reprints and translations

Ludwig von Mises and Israel Kirzner are two of the most prominent scholars who have attempted to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis in the actual imperfect world. These economists, among...

The Ministry of Economic Development ran a series of seminars about economic growth in 2004. One was an economic history of economic growth in New Zealand, three were on different and sometimes contradictory conceptual ways of thinking about economic growth – endogenous growth theory, Austrian...

Ludwig von Mises and Israel Kirzner are two of the most prominent scholars who have attempted to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis in the actual imperfect world. These economists, among...

This document offers an English translation of remarks that Pierre-Samuel Dupont de Nemours made in 1809, remarks principally about Adam Smith. Dupont suggests repeatedly that Adam Smith fudged some points in The Wealth of Nations, because, says Dupont, Smith “thought that in order to maintain...

This paper introduces the reader to the role of entrepreneurship in market process theory, as developed in the work of Israel Kirzner. It provides a short overview of the main issues and offers policy suggestions. Policy makers and others often associate entrepreneurship with the creation of new...

This paper examines the ideas behind competition law in New Zealand and offers a critical assessment of its practice. It is a policy paper aimed at lawyers and legal scholars. While the paper focuses on the NZ Commerce Act, it has general applicability. The purpose of competition law in New...

New Jersey entered the 2008 recession in a weakened fiscal and economic condition. With the state's economy and revenues closely linked to Wall Street, the collapse of the financial sector and its aftershocks - rising unemployment and falling income leaves New Jersey facing “a historic revenue...