The genius of Mises and the brilliance of Kirzner

Ludwig von Mises and Israel Kirzner are two of the most prominent scholars who have attempted to gain a richer understanding of how the invisible hand operates in coordinating the vast array of economic exchanges that occur on a daily basis in the actual imperfect world. These economists, among others, have sought to demonstrate how human behavior guided by prices, as well as monetary profits and losses, and under a system of private property would adjust and cope with the world's imperfections.