Israel Kirzner on the Revival of Austrian Economics

In 2014, the Mercatus F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics hosted a keynote speech and panel discussion by some of Hayek’s most prominent colleagues and interlocutors to reflect on the significance of Hayek’s Nobel Prize and the various strands of influence his work has had in subsequent decades of scholarship.

In this installment of the series, Distinguished New York University Professor Emeritus Israel M. Kirzner delivers the keynote address on the revival of Austrian economics, focusing specifically on the history of Austrian economics and how Hayek's Nobel Prize paved the way for this revival.