What Is Israel M. Kirzner’s Theory of Adjustment?

What Is Israel M. Kirzner's Theory of Adjustment?

Advertisement     Israel M. kirzner’s theory of Adjustment:                          Kirzner, the noted economist, has coined the theory of adjustment of price. According to him, the essential entrepreneurial element is the alertness to information rather than its possession alone. He contends that those entrepreneurs who have the superior telescopic...

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