Condition: Very Good. [ No Hassle 30 Day Returns ][ Ships Daily ] [ Underlining/Highlighting: NONE ] [ Writing: NONE ] [ Edition: First ] Publisher: Liberty Fund Pub Date: 3/18/2018 Binding: Hardcover Pages: 343 First edition.
Language: English
Published by Liberty Fund (edition ), 2018
ISBN 10: 086597862X ISBN 13: 9780865978621
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Published by Liberty Fund Inc, US, 2018
ISBN 10: 086597862X ISBN 13: 9780865978621
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Hardback. Condition: New. Competition, Economic Planning, and the Knowledge Problem expands on the ideas Kirzner first discussed in Competition and Entrepreneurshipthe role of the entrepreneur and its relation to the determination of prices and the coordination of individuals plansas well as economic planning, the knowledge problem, market-process theory, and the parts played by information, knowledge and advertising. It includes a paper on F. A. Hayeks theory of market coordination and the Austrian business-cycle theoryseen now for the first time in its original English. As a whole, the volume expresses Kirzners understanding that economics cannot be separated from its human element. Competition is a rivalrous process of entrepreneurial activity in which individuals and firms discover, innovate, and outdo each other. Kirzner discusses why this dynamic view of the economy is so important to understand, particularly in the contexts of economic planning and the workings of competitive markets. Over the course of this books nineteen articles and one monograph, Kirzner also stresses another point: though knowledge is present in all economic interaction, it is also dispersed in the economy such that no individual mind can ever centralize it all. This knowledge problem implies, as Mises and Hayek have argued, the impossibility of central planning. Kirzners contribution is to show that, ultimately, it is only the free, competitive entrepreneurial process that can overcome this problem through generation of knowledge that enables the most efficient allocation of scarce resources.
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Language: English
Published by Liberty Fund Inc, US, 2018
ISBN 10: 086597862X ISBN 13: 9780865978621
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Hardback. Condition: New. Competition, Economic Planning, and the Knowledge Problem expands on the ideas Kirzner first discussed in Competition and Entrepreneurshipthe role of the entrepreneur and its relation to the determination of prices and the coordination of individuals plansas well as economic planning, the knowledge problem, market-process theory, and the parts played by information, knowledge and advertising. It includes a paper on F. A. Hayeks theory of market coordination and the Austrian business-cycle theoryseen now for the first time in its original English. As a whole, the volume expresses Kirzners understanding that economics cannot be separated from its human element. Competition is a rivalrous process of entrepreneurial activity in which individuals and firms discover, innovate, and outdo each other. Kirzner discusses why this dynamic view of the economy is so important to understand, particularly in the contexts of economic planning and the workings of competitive markets. Over the course of this books nineteen articles and one monograph, Kirzner also stresses another point: though knowledge is present in all economic interaction, it is also dispersed in the economy such that no individual mind can ever centralize it all. This knowledge problem implies, as Mises and Hayek have argued, the impossibility of central planning. Kirzners contribution is to show that, ultimately, it is only the free, competitive entrepreneurial process that can overcome this problem through generation of knowledge that enables the most efficient allocation of scarce resources.
Condition: New. KlappentextrnrnCompetition, Economic Planning, and the Knowledge Problem expands on the role of the entrepreneur and its relation to the determination of prices and the coordination of individuals plans. Kirzner dev.
Language: English
Published by Liberty Fund Inc. (US), 2018
ISBN 10: 086597862X ISBN 13: 9780865978621
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Language: English
Published by Liberty Fund Mär 2018, 2018
ISBN 10: 086597862X ISBN 13: 9780865978621
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Buch. Condition: Neu. Neuware - Competition, Economic Planning, and the Knowledge Problem expands on the role of the entrepreneur and its relation to the determination of prices and the coordination of individuals' plans. Kirzner develops here his familiar theme that competition is a rivalrous process of entrepreneurial activity in which individuals and firms discover, innovate, and outdo each other. This volume further emphasizes his theory of knowledge in economics and particularly in the specific case of central planning. Because knowledge is present in all economic interaction, no individual mind can ever comprehend it all. This 'knowledge problem' implies, as Hayek has argued, the impossibility of central planning. Kirzner's contribution is to show how the free, competitive market process can overcome this problem by generating knowledge through an entrepreneurial process of discovery.