Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics: 9 (Collected Works of Israel M. Kirzner)

Reflections on Ethics, Freedom, Welfare Economics, Policy, and the Legacy of Austrian Economics comprises a variety of Kirzners essays on social thought.Kirzners intellectual interest and theories go beyond market process and entrepreneurship: they encompass several important topics that are vital to the existence of human societies.Kirzners work, at heart, is not prescriptive but analytical.His work is not about casting unsubstantiated judgments on modern economics or spouting a blind return to laissez-faire, instead Kirzner starts with examining how markets function, working from the ground up.From these foundations, he is able to explore a variety of domains, such as the nature of economics, the economics of welfare and policy, and even ethical issues.In the words of the volume editors, Kirzner contends that in order to make ethical judgments about a social system, one must first understand the science behind it.In other words, having good knowledge of the principles that govern mar