After spending several days on campus in class rooms and panel conversations, Israel Kirzner, Emeritus Professor of Economics at New York University and a leading figure in the Austrian school of economics, will be presenting the June and Edgar Martin Memorial Lecture at 7 p.m. tonight in the atrium of the Beloit College Center for the Sciences.
Kirzner has devoted much of his career to clarifying the central role entrepreneurship plays as a driving force in the market process and has examined this role in numerous publications. In contrast to standard economic theory, Kirzner beings his analysis by understanding the world as it is --- shrouded in uncertainty. It is this uncertainty, Kirzner argues, that triggers the entrepreneurial search for profits.
More information on the 2010 Miller Upton Forum can be found at https://www.beloit.edu/upton/.