Save The Date!

October 25-28, 2010

The Wealth and Well Being of Nations
3rd Annual Miller Upton Forum

INTRODUCING THE 2010 UPTON SCHOLAR

We are pleased to announce that Israel Kirzner, Emeritus Professor of Economics at New York University, will serve as the 2010 Upton Scholar. As a leading figure in the Austrian school of economics, Kirzner has devoted much of his career to clarifying the central role entrepreneurship plays as a driving force in the market process. 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. In turn, it is this search for profits that renders market capitalism     a process of systematic discovery. In works such as Competition and Entrepreneurship (1973), Perception, Opportunity and Profit (1979), Discovery and the Capitalist Process (1985), and The Meaning of the Market Process (1992) Kirzner examines the role entrepreneurial discovery plays in coordinating the diverse plans of market participants and the institutional rules of the social order that are required for entrepreneurship to foster widespread wealth and well-being.