Why Mises Is Important - Israel Kirzner

Israel Kirzner, Emeritus Professor of Economics at New York University

Ludwig von Mises (1881–1973) and Friedrich A. Hayek (1899–1992) were leading founders of the Austrian School of economics, and are counted among the twentieth century’s foremost champions of free markets and critics of socialism. This second CCA of the 2016-2017 academic year will consider the history and principles of the Austrian School, as well as Mises’ and Hayek’s major works and continuing influence.

[bentandreassen]

Great talk. Thanks for posting this. Austrian economics is alive and well.

[MisesCelebrations]

Wonderful tribute to Mises by a brilliant scholar of economics himself. Many excellent insights in exactly why Mises needs to be considered important, both as an economist as well as a proponent of a free society.

[soapbxprod]

Thank you so very much for uploading this concerto of reason by Dr. Kirzner. :)

[jamesbancroft]

Hayek used Walrassian general equilibrium analysis but only used equilibria as starting points and then explained how market processes move in tendency towards them

[Jeronimus]

38:40 economic calculation. Equilibrium economics and entrepreneurial character of market process. Dynamic competition process and non equilibrium.

[EmmanuelGoldstein]

31:23 I respectfully disagree. Most of the credit must go to the Ludwig Von Mises Institute in Auburn, Alabama. They did what Mises himself couldn’t do. Take his works and educate the public about them. Under Lew Rockwell and the late Dr. Murray Rothbard they worked tirelessly to defend his writings against the academic elitists. They brought it to college students who are today Austrian economists.

[nelsonvalderrama]

Great historic speech from a great economist about another greater one.

[davidheilbronprice]

A good clear exposition of the ' central planning' fallacy. Hence the collapse of the USSR.

[luisfi]

At Universidad Francisco Marroquin in Guatemala the library bears the name of Ludwig von Mises.

[petermiyoung]

Excellent talk. Thank you for uploading

[dansonoflightning]

I'm studying Austrian economics and am new to Kirzner's works. Which of his books discuss the application of time-preference and praxeology to microeconomics?

[BinanceUSD]

One negative unlike! How? Why? IK is AMAZING.

[glennmitchell]

Can free market and free society economic theory advance to the fore if command economic theories are not first thrown into the dustbin of history?

[Jeronimus]

16:50 New wave of young economist. Influence of Mises ideas.

[johnjones]

Needs a bit of levity. A bit dry and unvarying in tone but I guess this is economics, not Shakespeare.

[mapcreu]

"Mises is important for the intellectual history of the 20th century and beoynd!" 😚😜

[PJHamann]

I guess you'd say that he loved Mises to pieces. Badump bump CHIN!!!!

[DipakBose-bqvv]

There is no price in a centrally planned economy. Everything that are needed should be available as entitlements. That is the central fallacy of the Austrian economics.

[derekshoemaker]

I wonder what the bump on his head is from.

[jamesbancroft]

this is an actual Austrian economist guys, not a fraud like Rothbard and his online followers