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

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...

The geographical concentration of related manufacturing and service firms is as old as economic development but it has drawn renewed attention in the last two decades in the wake of the spectacular growth of regional economies such as Silicon Valley (South San Francisco Bay), Route 128 (greater...

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...

The New Zealand economy is noteworthy in policy circles for its turnaround during the 1980s and early 1990s. Starting from a state of semi-autarky in the early 1980s, the country now has a much more flexible and efficient economic structure. In the 15 years to 1999, successive governments...

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...