February 25, 2016

"The History and Importance of the Austrian Theory of the Market Process" with Israel M. Kirzner

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

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Mercatus Center Academic & Student Programs recently hosted the 2016 Advanced Austrian Seminar at which Dr. Israel M. Kirzner, Professor Emeritus of Economics at New York University, delivered the keynote lecture, “The History and Importance of the Austrian Theory of the Market Process.” In this talk, Professor Kirzner examines the history of thought in Austrian economics, specifically focusing on the developments in the 20th century, to develop a link between the Austrian theory of the market process and the notion of subjectivism as the central idea in Austrian economics.

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