KmikeyM covers the Econ Nobel

Rankings / Candidate

Israel M. Kirzner

New York University · Theory

Photo: Mises Institute, CC BY-SA 3.0, via Wikimedia Commons

Currently #11, tier Field, score 14.3, named by 1 source.Score history: 100.0, 25.0, 14.3

The work. Kirzner's Competition and Entrepreneurship, from 1973, put the entrepreneur at the center of how markets work: not a risk-bearer or a manager but someone alert to a profit opportunity nobody else has noticed.

The case for. Entrepreneurship is now a Nobel-adjacent topic, and Baumol, named with him, was the field's other pillar.

The case against. Baumol died in 2017, Kirzner is in his mid-nineties, and the Austrian school got its one prize with Hayek in 1974.

The KmikeyM angle. Selling shares in yourself in 2008 was a Kirznerian act: a profit opportunity sitting in plain sight that nobody else was alert to.

What the sources say

  1. Clarivate alumni (prior years) named Israel M. Kirzner: named in 2014: for their advancement of the study of entrepreneurism (heat 100) Preseason: the Clarivate alumni pool