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Appreciating Israel Kirzner

Cato Podcast

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The Nobel Prize in Economics - Kersner's Contribution to Capital Theory

I think Kersner should win, should have won, and should win the Nobel Prize in economics. He solved a conundrum about how it is that in a world where everyone is a price taker, price is ever adjust to clear markets. His contributions to capital theory are probably the two works that are least appreciated, but are very important.

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