Reviews for Economy and class structure

The average rating for Economy and class structure based on 2 reviews is 4 stars.

Review # 1 was written on 2011-05-12 00:00:00 Max Bohnenkamp The concepts and critiques Kirzner presents here are very important. In my own words, he seems to say that under radical uncertainty means that the cost of information cannot help in the price discovery process. As such, the concept of discovery cannot depend on costs, but it must depend on the alertness for the entrepreneur, the Lockean proviso should be replaced by the finders keepers rule. I found this line of argumentation very convincing, it is just a shame this book is so long and repeats itself so much, it is almost unreadable, but the content is great!

Review # 2 was written on 2012-08-16 00:00:00 Donald Cawood I found the thesis unconvincing, based on sonewhat forced arguments. Besides, it left unanswered a (to me) central objection, namely, the sheer genetic luck (that is, not by personal merit) as a source of the ability to "discover" business oportunities.