Víctor I. Espinosa - Israel Kirzner on Dynamic Efficiency and Economic Development скачать в хорошем качестве

Víctor I. Espinosa - Israel Kirzner on Dynamic Efficiency and Economic Development

Víctor I Espinosa. Israel Kirzner on Dynamic Efficiency and Economic Development This article explores the notion of the dynamic efficiency proposed by Israel Kirzner. This address focuses on the role of entrepreneurship in the coordinating tendency of the market process. It is argued here that dynamic efficiency is the forgotten piece in Kirzner's theory of entrepreneurship, which cannot be excluded without impairing his hypothesis of development economics as a dyna ­ mic process of plan coordination. It's relevance holds that Kirzner's dynamic efficiency thinking may reshape development economics. Thus, Kirzner's criticism of the static concept of efficiency that governs mainstream development economics is spelled out first. The central propositions of its claims on dynamic efficiency, then, are identified to elucidate the creative essence of entrepreneurship and its effects on the market. These ideas help to recognize the relationship between Kirzner’s insights on entrepreneurial efficiency and economic progress in order to clarify some policy dilemmas. Finally, contemporary researches on dynamic efficiency are analyzed, especially the impact of psychology, culture, and ethics in economic development.