Israel Kirzner Explains Austrian Economics, Entrepreneurship and Economic Freedom (1996 - FFF Event)
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Israel Kirzner is an Austrian economist and one of the world's leading experts on Ludwig von Mises's methodology and thought. He speaks at a Future of Freedom Foundation event on December 21, 1996, and provides an overview of Austrian economics, touching on the concepts of imperfect knowledge, the origin of entrepreneurial motive, spontaneous order, and the "fatal conceit" of attempting to centrally plan economic orders. Source: http://www.libertarianism.org/ (A Cato Institute Project)
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Great lecture on the law of one price and the role of entrepreneurs.
45m 57sLenght
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