The Best of the OLL No. 27: Israel Kirzner, “Efficiency, Coordination, and the Market Economy” (1963) (Indianapolis: Liberty Fund, 2013). http://oll2c.libertyfund.org/titles/2506,
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This is part of “The Best of the Online Library of Liberty” which is a collection of some of the most important material in the OLL. This is a chapter from Kirzner’s book Market Theory and the Price System (1963) in which he discusses the key role played by prices in a free economy and how these prices lead entrepreneurs to find out how to best satisfy the needs of consumers in order to solve their individual economic problems.
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