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Knowledge and CoordinationA Liberal Interpretation$
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Daniel B. Klein

Print publication date: 2014

Print ISBN-13: 9780199355327

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199355327.001.0001

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Owning Up to and Properly Locating Our Looseness

Owning Up to and Properly Locating Our Looseness

A Critique of Israel Kirzner on Coordination and Discovery

(p.261) Chapter 16 Owning Up to and Properly Locating Our Looseness
Knowledge and Coordination

Francis Green

Oxford University Press

This chapter provides a critical examination of Israel Kirzner’s writings on coordination and discovery. Kirzner is best known for his work on the role of discovery and entrepreneurship in economic affairs, viewing entrepreneurial alertness as the vital human faculty for capturing opportunities for one’s betterment. Kirzner’s insights about discovery make a contrast to the kind of economics that regards human beings as interpretively flat and fixed. Kirzner strives to integrate his discovery ideas into theories of market coordination, emphasizing that in market activity, successful voluntary entrepreneurial action necessarily enhances coordination.

Keywords:   Israel Kirzner, discovery, entrepreneurship, economic affairs, entrepreneurial alertness, market coordination

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