So predicts Thomson Reuters in its annual predictions of Nobel Laureates. The prognosticators identify Kirzner and William Baumol as worthy for their contributions to the study of entrepreneurship.
Perhaps befitting the somewhat non-scientific nature of economic “science” Pete Boettke reports that the predictions by Thomson Reuters in the past have tended to be more accurate for the natural sciences than for economics. Be that as it may, Pete makes the case for Kirzner’s worthiness. I have long admired Kirzner, as do many who appreciate the value of entrepreneurs for innovation and economic growth. Plus, he is one of those great economists (like Hayek) who can explain economics without equations and formulas.
And speaking of Kirzner and Hayek, Kirzner will be the keynote speaker as the Mercatus Center presents a program celebrating the 40th anniversary of Hayek’s Nobel Prize. Registration for the event is now closed (I suspect that the room must be full) but you can still watch online if you’d like here.
Here’s a description of the extravaganza:
Join us on October 2, 2014, from 2:00 to 3:30 p.m., to hear Dr. Israel Kirzner, Professor Emeritus of New York University, speak on Hayek, the Nobel Prize, and the Modern Austrian School of Economics. Then, from 4:00 to 5:30 p.m., we will have a roundtable discussion with Nobel Laureates Dr. Edmund Phelps of Columbia University, Dr. Eric Maskin of Harvard University, and Dr. Vernon Smith of Chapman University.
I will be there with a group of law professors who will be attending as part of a Workshop in Austrian Economics that the Law and Economics Center is sponsoring.