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Spring 2010

ISSN 0890-913X

Volume 25, Number 2

Categories: Entrepreneurship | Spring 2010

The Meaning of "Economic Goodness": Critical comments on Klein and Briggeman

Israel M. Kirzner, New York University

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TheJournalofPrivateEnterprise25(2),2010,55-85TheMeaningof“EconomicGoodness”:CriticalCommentsonKleinandBriggemanIsraelM.KirznerNewYorkUniversityAbstractKleinandBriggeman’scondemnatoryjudgments(a)ofthisauthorand(b)ofmodernAustrianeconomicsareinterpretedasapparentlyattributabletoapre-analyticalrejectionofallpurelyeconomicnormativediscussion.Uponexamination,alltheirspecificcriticismsreadilydissolveasrepresentingunfortunatemisunderstandingsorargumentationinappropriatelyapplyingtheirworldview(inwhichthereisnonormativeroleforthepurelyeconomic)toaquitedifferentconceptualcontext.KleinandBriggeman’srevisionisdoctrinalclassification(resentingmodernAustrianeconomicsascontrasted(!)withHayek’swork)iscategoricallyrejectedasreflecting(i)quitemistakenassumptionsconcerningmodernAustrianeconomicsand(ii)seriousmisunderstandingsofHayek’scontributions.JELCodes:B00Keywords:Entrepreneurship;CoordinationI.IntroductionDanielB.KleinandJasonBriggemanhavewrittenatroublingpaperunderthetitle“IsraelKirzneronCoordinationandDiscovery”(2010).Theirpapermaybeseenashavingtwodistinctaspects.Mostofthepaperconsistsofaseriesofexceedinglysharpcriticismsoftwopapersofminethatfocusedonthe“coordination”concept.Asweshallsee,thesecriticismsturnouteithertobebasedonapparentmisunderstandings,orsimplytoreflectaconceptualframeworkdrasticallydifferentfrommyown.ThesubstanceofthesecriticismsdoesnotidentifyseriousflawsintheMises-Hayekunderstandingofthemarketprocess,asmyworkhasattemptedtoelaborateit.ButthisaspectoftheKlein-Briggemanpaper(whichIwillhenceforth,withnodisrespectintended,callK-B)isperhapslesssignificantthanthesecondaspect.EvenifK-B´scriticismswerevalid,itwouldbenecessarytopointoutcertainseriousintellectualpitfallscontainedintheirpaper.Thisisbecausetheircriticismsareembeddedinan55

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Title	The Meaning of "Economic Goodness": Critical comments on Klein and Briggeman
Authors/Creators:	Israel M. Kirzner, New York University
Year:	2010
Volume:	25
Number:	2
Pages:	55 - 85
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Economic coordination, Market economy, Ludwig von Mises, Liberalism, Methodology, Friedrich Hayek, Israel Kirzner, Austrian economics, Discovery, Concatenation

Citation:
Kirzner, Israel M. / 2010. "The Meaning of "Economic Goodness": Critical comments on Klein and Briggeman." The Journal of Private Enterprise, 25(2): 55-85.