Market Theory and the Price System.

Israel M. Kirzner's Market Theory and the Price System; Signed by Him

Market Theory and the Price System.

KIRZNER, Israel M.


Item Number: 104622

Indianapolis: Liberty Fund, 2011.

First edition of the second volume of the collected works of Kirzner. Octavo, original cloth, pictorial endpapers. Signed by Israel M. Kirzner on the title page. Fine in a fine dust jacket. Edited by Peter J. Boettke and Frédéric Sautet.

Market Theory and the Price System was published in 1963 as Kirzner's first (and only) textbook. This volume presents an integrated view of Austrian price theory. The basic aim of Market Theory is to utilize the tools of economic reasoning to explain the market process. The unique framework Kirzner develops for microeconomic analysis, following Mises and Hayek, examines errors in decision-making, entrepreneurial profit, and competition as a process of discovery and learning.

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