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Best of the Podcast! — Israel Kirzner on the Revival of Austrian Economics

Hayek Program Podcast

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The Disequilibrium of the Market Process

Hayek: Every human actor is at the moment of action and entrepreneur. He faces an open-ended future within which he must determine range of opportunities available to him. Mises' articulation of the competitive entrepreneurial market process was in truth a major, almost revolutionary advance in economic understanding.

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