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    Harper, David A. 2013. Property rights, entrepreneurship and coordination. Journal of Economic Behavior & Organization, Vol. 88, p. 62.

    Zafirovski, Milan 2010. Weber's Sociological Elements in Mises' Economics of Human Action. Social Epistemology, Vol. 24, Issue. 2, p. 75.

    Katsikis, Ioannis N. and Kyrgidou, Lida P. 2009. Entrepreneurship in teleology: the variety of the forms. International Journal of Entrepreneurial Behavior & Research, Vol. 15, Issue. 2, p. 209.

    Douhan, Robin Eliasson, Gunnar and Henrekson, Magnus 2007. Israel M. Kirzner: An Outstanding Austrian Contributor to the Economics of Entrepreneurship. Small Business Economics, Vol. 29, Issue. 1-2, p. 213.

  • Journal of the History of Economic Thought, Volume 25, Issue 4
  • December 2003, pp. 461-486

Praxeology, Entrepreneurship and the Market Process: A Review of Kirzner's Contribution

  • Keith Jakee (a1) and Heath Spong (a1)
  • DOI:
  • Published online: 01 June 2009

It is surely Israel M. Kirzner who has promoted the role of the entrepreneur more than any other author in the second half of the twentieth century. His description of the market process and entrepreneurship in his Competition and the Market Process (1973) represents a seminal contribution to Austrian thinking, although it has been slow to catch on in broader circles. As Humberto Barreto argues above, for example, an entrepreneurial role seems to have disappeared from mainstream economics as the theory of the firm progressed (1989, pp. 95–98). The standard core of microeconomics allows little room for entrepreneurial elements, particularly if the latter are defined in terms of uncertainty, intuition, ignorance, and disequilibrium. In light of this intellectual discord and given his recent retirement, it is timely to reconsider Kirzner's unceasing efforts to resurrect the role of the entrepreneur, and especially his effort to reconcile this role with conventional neoclassical approaches.

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Journal of the History of Economic Thought
  • ISSN: 1053-8372
  • EISSN: 1469-9656
  • URL: /core/journals/journal-of-the-history-of-economic-thought
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