Israel Kirzner (Scholar)

Israel Kirzner is an influential economist known for his work in entrepreneurship and the Austrian School of economics. He emphasized the role of entrepreneurs in driving economic progress by discovering opportunities in the market. Unlike traditional views that often focus on large corporations, Kirzner highlighted how individual entrepreneurs identify and exploit gaps in supply and demand, leading to innovation and efficiency. His ideas help us understand the dynamic nature of markets and the importance of alertness to opportunities, which is crucial for economic growth and development.