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Israel Kirzner on Ethics and Entrepreneurship

Israel Kirzner on Ethics and Entrepreneurship
août 28
16:10 2017

XVIème université d’été de la Nouvelle Economie, 1993.

In this lecture given at a seminar in Aix-en-Provence, France in 1993, Kirzner talks about ethics, entrepreneurship, and how wealth is created in society.

He also describes the distinction he made between two kinds of ignorance:

– ignorance of specific knowledge but having the knowledge of how specific knowledge may be obtained, and

– sheer ignorance — not knowing how to access specific knowledge because we don’t know what we don’t know.

Kirzner says that sheer ignorance requires an entrepreneurial role to overcome it, which allows entrepreneurs to discover demand for products and services that consumers didn’t even know they needed or wanted.

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