{"product_id":"the-essence-of-entrepreneurship-and-the-nature-and-significance-of-market-process-9780865978676","title":"The Essence of Entrepreneurship and the Nature and Significance of Market Process","description":"\u003cp\u003e\u003cstrong\u003e\u003cem\u003eThe Essence of Entrepreneurship and the Nature and Significance of Market Process\u003c\/em\u003e\u003c\/strong\u003e is a continuation of the discourse started in Kirzner's earlier work, \u003cem\u003eCompetition and Entrepreneurship, \u003c\/em\u003e expanding upon his ideas about entrepreneurship and entrepreneurial alertness. \u003cem\u003eEssence\u003c\/em\u003e presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication of his magnum opus. It is during that long period that Kirzner elaborated his approach further, responding to objections and critics, and offering the world a more systematic understanding of the concept of market process.\u003c\/p\u003e \u003cp\u003eIn the words of the volume editors and in contrast with traditional microeconomics, \"Kirzner's view of the entrepreneurial function in the market process consists primarily in liberating human choice from its deterministic structure by introducing alertness. Alertness to unexploited gains from trade sets the market process in motion.\" Hence, Kirzner holds a unique place among authors on entrepreneurship theory because of the way he focuses on the essence of the phenomenon at stake and its importance in the market process.\u003c\/p\u003e \u003cp\u003eIn addition to Kirzner's essays, \u003cem\u003eEssence\u003c\/em\u003e contains several critiques of Kirzner's work centered on the topics of entrepreneurship, market process, and supply and demand. Kirzner's response to each of these critiques shows that he welcomes criticism as an opportunity to \"crystallize and sharpen\" the difference between the normative views he espouses and contemporary economic theory. The painstaking precision with which Kirzner defends his position shows why his work has become such a staple of Austrian economic thought.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eIsrael M. Kirzner\u003c\/strong\u003e is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003ePeter J. Boettke\u003c\/strong\u003e is University Professor of Economics and Philosophy at George Mason University and the BB\u0026amp;T Professor for the Study of Capitalism at the Mercatus Center. His publications include \u003cem\u003eLiving Economics, \u003c\/em\u003e \u003cem\u003eThe Handbook of Contemporary Austrian Economics, \u003c\/em\u003e and \u003cem\u003eThe Elgar Companion to Austrian Economics.\u003c\/em\u003e He has been the editor of \u003cem\u003eThe Review of Austrian Economics\u003c\/em\u003e since 1998.\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eFr d ric Sautet\u003c\/strong\u003e is Associate Professor at The Catholic University of America, Tim Busch School of Business and Economics. He is a specialist in Austrian market process theory and teaches entrepreneurship studies. He is the author of \u003cem\u003eAn Entrepreneurial Theory of the Firm\u003c\/em\u003e and has published widely on entrepreneurship.\u003c\/p\u003e\u003cbr\u003e","brand":"Liberty Fund","offers":[{"title":"Default Title","offer_id":50330122354962,"sku":"9780865978676","price":9.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_f2965115-3736-4d53-b936-b46953e992f2.jpg?v=1727792529","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-essence-of-entrepreneurship-and-the-nature-and-significance-of-market-process-9780865978676","provider":"Surprise Castle","version":"1.0","type":"link"}