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Spring 2010

ISSN 0890-913X

Volume 25, Number 2

Categories: Entrepreneurship | Spring 2010

Kirznerian Entrepreneurship as a Misesian Solution to a Hayekian Problem

Steven Horwitz, St. Lawrence University

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TheJournalofPrivateEnterprise25(2),2010,97-103KirznerianEntrepreneurshipasaMisesianSolutiontoaHayekianProblemStevenHorwitzSt.LawrenceUniversityAbstractThiscommentonpapersbyKleinandBriggeman(2010)andKirzner(2010)arguesthatKirzner’sworkonentrepreneurshipandcoordinationisbestunderstoodasofferinga“solution”totheproblemofhowknowledgeisspreadthroughmarketsasposedinHayek’s“EconomicsandKnowledge”essay(1937).Itistheentrepreneurwhofacilitatesthismicroeconomiccoordinationbybridgingthoseknowledgegaps.ThisconceptofcoordinationisdistinctfromKleinandBriggeman’s“concatenatecoordination,”asKirznernotes.ThepapertriestoclarifytheseissuesandsuggeststhatKleinandBriggemanarereallytalkingabout“order,”not“coordination.”JELCodes:B25,B53Keywords:Coordination;Entrepreneurship;EquilibriumI.IntroductionTheexchangebetweenKleinandBriggeman(2010)andKirzner(2010)involvessomeofthemostabstractandcomplexquestionswefaceintryingtounderstandwhatitisthatmarketeconomiesdoandhowexactlytheydoit.Theyarealsoquestionsofgreatimportanceforourabilitytodefendtheclassicalliberalargumentforthebeneficenceofmarkets,astheback-and-forthoverthoseissuesintheexchangebearout.And,asKirznernotes,theverynatureofeconomicsasadistinctscienceisalsoatstakegiventheargumentthatKleinandBriggeman(henceforth,followingKirzner,K-B)make.EvenasIunderstandtheconcernsthatK-Bhaveaboutthe“100%”categoricalclaimstheybelieveKirznertobemaking,concernsthatIshareinmanyways,IdothinkthattheyareunfairtoKirzneralongseveraldimensions.AsKirznerhimselfnotes,theyhavemisreadhisviewofwhatpreciselyconstitutescoordinationinastrictlyeconomiccontext.Kirzner’sfocusismorenarrowthanthatofK-97

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Title	Kirznerian Entrepreneurship as a Misesian Solution to a Hayekian Problem
Authors/Creators:	Steven Horwitz, St. Lawrence University
Year:	2010
Volume:	25
Number:	2
Pages:	97 - 103
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Economic coordination, Liberalism, Ludwig von Mises, Friedrich Hayek, Methodology, Israel Kirzner, Market economy, Austrian economics, Concatenation, Discovery

Citation:
Horwitz, Steven / 2010. "Kirznerian Entrepreneurship as a Misesian Solution to a Hayekian Problem." The Journal of Private Enterprise, 25(2): 97-103.