ISBN: 9780226437767

Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. by Israel M. Kirzner. Kirzner is Professor of Economics at New York Univer… Mehr…

Kirzner's book establishes a theory of the market and the price system which differs from orthodox price theory. by Israel M. Kirzner. Kirzner is Professor of Economics at New York University and an internationally recognized scholar. The Nile on eBay   FREE SHIPPING UK WIDE   Competition and Entrepreneurship by Israel M. Kirzner This book offers a new appraisal of quality competition, of selling effort, and of the fundamental weakness of contemporary welfare economics. FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description 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. Author Biography Kirzner is Professor of Economics at New York University and an internationally recognized scholar. Table of Contents Preface 1. Market Process Versus Market Equilibrium The Market System and the Theory of the Market The Task of Price Theory Two Views Competition and Entrepreneurship The Market Process Competition in the Market Process Entrepreneurship in the Market Process The Producer and the Market Process Monopoly and the Market Process The Entrepreneur as Monopolist The Producer and His Choice of Product Equilibrium Economics, Entrepreneurship, and Competition 2. The Entrepreneur The Nature of Entrepreneurship Decision-making and Economizing The Entrepreneur in the Market The Producer as Entrepreneur Entrepreneurial Profits Entrepreneurship, Ownership, and the Firm Ownership, Entrepreneurship, and the Corporate Firm A Hypothetical Example The Corporate Firm Once Again Entrepreneurship and Knowledge Entrepreneurship and the Equilibrating Process Entrepreneurship in the Literature Misesian Entrepreneurship 3. Competition and Monopoly Competition: A Situation or a Process? Entrepreneurship and Competition The Meaning of Monopoly The Two Notions of Monopoly Compared The Theory of Monopolistic Competition Some Remarks on the Notion of the Industry Schumpeter, Creative Destruction of the Competitive Process Entrepreneurship as a Route to a Monopoly Position 4. Selling Costs, Quality, and Competition On the Product as an Economic Variable Production Costs and Selling Costs Selling Costs, Consumer Knowledge, and Entrepreneurial Alertness Advertising, Consumer Knowledge, and the Economics of Information Advertising, Information, and Persuasion Advertising, Selling Effort, and Competition Waste, Consumer Sovereignty, and Advertising Buying Effort, Factor Quality, and Entrepreneurial Symmetry 5. The Long Run and the Short The Long and the Short Run in the Literature On Sunk Costs and the Short Run Costs, Profits, and Decisions Entrepreneurial Decisions, the Long Run and the Short Some Additional Cases Further Observations on Long-run Competition and Short-run Monopoly 6. Competition, Welfare, and Coordination The Fundamental Flow in Welfare Economics Knowledge, Coordination, and Entrepreneurship The Coordinating Process The Role of Profits Resource Misallocation, Transaction Costs, and Entrepreneurship Nirvana, Transaction Costs, and Coordination The "Wastes" of Competition Long-run and Short-run Evaluations Index Details ISBN0226437760 Author Israel M. Kirzner Short Title COMPETITION & ENTREPRENEURSHIP Language English ISBN-10 0226437760 ISBN-13 9780226437767 Media Book Format Paperback Year 1978 Imprint University of Chicago Press Place of Publication Chicago, IL Country of Publication United States DEWEY 338.04 Residence US Illustrations black & white illustrations Edition New edition Edition Description Revised Pages 256 DOI 10.1604/9780226437767 AU Release Date 1978-09-15 NZ Release Date 1978-09-15 US Release Date 1978-09-15 UK Release Date 1978-09-15 Publisher The University of Chicago Press Publication Date 1978-09-15 Audience Undergraduate We've got thisAt The Nile, if you're looking for it, we've got it.With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICYNo questions asked, 30 day returns! FREE DELIVERYNo matter where you are in the UK, delivery is free. SECURE PAYMENTPeace of mind by paying through PayPal and eBay Buyer Protection TheNile_Item_ID:136290068; , Festpreisangebot, [LT: FixedPrice], ISBN-13: 9780226437767, Book Title: Competition and Entrepreneurship, Publication Year: 1978, Type: Textbook, Format: Paperback, Language: English, Publication Name: Competition and Entrepreneurship, Item Height: 208mm, Item Width: 150mm, Subject: Business, Item Weight: 312g, Number of Pages: 256 Pages, T.H.E. University of Chicago Press<

ISBN: 9780226437767

Competition and Entrepreneurship, Israel M. KirzneAuthor:Israel M. Kirzner, Festpreisangebot, [LT: FixedPrice], Book Title: Competition and Entrepreneurship, Publication Year: 1978, Type:… Mehr…

Competition and Entrepreneurship, Israel M. KirzneAuthor:Israel M. Kirzner, Festpreisangebot, [LT: FixedPrice], Book Title: Competition and Entrepreneurship, Publication Year: 1978, Type: Textbook, Format: Paperback, Language: English, Publication Name: Competition and Entrepreneurship, Item Height: 208mm, Item Width: 150mm, Subject: Business, Item Weight: 312g, Number of Pages: 256 Pages, T.H.E. University of Chicago Press<

ISBN: 9780226437767

paperback, [PU: University of Chicago Press]