Competition and Entrepreneurship is popular PDF and ePub book, written by Israel M. Kirzner in 2015-07-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Competition and Entrepreneurship can be Read Online from any device for your convenience.
Competition and Entrepreneurship Book PDF Summary
Stressing verbal logic rather than mathematics, Israel M. Kirzner provides at once a thorough critique of contemporary price theory, an essay on the theory of entrepreneurship, and an essay on the theory of competition. Competition and Entrepreneurship offers a new appraisal of quality competition, of selling effort, and of the fundamental weaknesses of contemporary welfare economics. Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. He sees orthodox price theory as explaining the configuration of prices and quantities that satisfied the conditions for equilibrium. Mr. Kirzner argues that "it is more useful to look to price theory to help understand how the decisions of individual participants in the market interact to generate the market forces which compel changes in prices, outputs, and methods of production and in the allocation of resources." Although Competition and Entrepreneurship is primarily concerned with the operation of the market economy, Kirzner's insights can be applied to crucial aspects of centrally planned economic systems as well. In the analysis of these processes, Kirzner clearly shows that the rediscovery of the entrepreneur must emerge as a step of major importance.
Detail Book of Competition and Entrepreneurship PDF
- Author : Israel M. Kirzner
- Release : 10 July 2015
- Publisher : University of Chicago Press
- ISBN : 9780226375489
- Genre : Business & Economics
- Total Page : 258 pages
- Language : English
- PDF File Size : 19,5 Mb
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