Tweet… is from page 30 of Israel Kirzner’s 1985 volume, Discovery and the Capitalist Process [original emphasis]: What is important about the market economy is that unexploited opportunities for reallocating resources from one (low market valued) use to another of higher value offer the opportunity for pure entrepreneurial gain. A misallocation of resources occurs because,…
Quotation of the Day…
Quotation of the Day…
29 Oct 2026 Leave a comment
in applied price theory, Austrian economics, entrepreneurship, industrial organisation, Israel Kirzner
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