The Essence of Entrepreneurship and the Nature and Significance of Market Process

This work continues the discourse begun in Kirzner's Competition and Entrepreneurship, presenting his detailed research following that earlier work on the nature of entrepreneurship and the entrepreneurial process. In the words of the volume editors, "Kirzner's view of the entrepreneurial function in the market process consists primarily in liberating human choice from its deterministic structure by introducing alertness. Alertness to unexploited gains from trade sets the market process in motion."