Economics
Kirzner's major work is in the economics of knowledge and entrepreneurship and the ethics of markets. He is emeritus professor of economics at New York University, and he is a leading authority on Ludwig von Mises' thinking and methodology in economics. Kirzner's research on entrepreneurship economics is also widely recognized. In 2006, Kirzner received the Global Award for Entrepreneurship Research " for developing the economic theory emphasizing the importance of the entrepreneur for economic growth and the functioning of the capitalist process.". Due to his contribution to Economic theory, Universidad Francisco Marroquín granted him an Honorary Doctorate Degree. UFM also named its Kirzner Entrepreneurship Center in his honor.
Read more about this topic: Israel Kirzner
Famous quotes containing the word economics:
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)