This paper evaluates the contribution of Risk, Uncertainty, and Profit to the development ofeconomic theory in the 20th century. Our argument in this paper is twofold. First, we contend thatthis book embodied what had been the common knowledge of early neoclassical economics priorto WWII....

For over a generation, the collapse of communism in the Soviet Union and Eastern and Central Europe delegitimized the abolition of private property in the means of production and the practice of central planning as an effective way to achieve the ends of socialism. However, the aspiration of...

Hayek's The Road to Serfdom is often read as a policy book and a political tract for its time. It is also often read as little more than a “slippery slope” argument, leading inevitably down a road from a free society to the gulag. In this paper, we counter the claim that The Road to Serfdom...

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