The Review of Austrian Economics, 15:1, 91–94, 2002. c 2002 Kluwer Academic Publishers. Manufactured in The Netherlands. Comment on “A Critique of Kirzner’s Finders-Keepers Defense of Proﬁt” ISRAEL M. KIRZNER Department of Economics, New York University, 269 Mercer St., 7th Floor, New York, NY 10003-6687, USA It is a pleasure to respond to Theodore Burczak’s penetrating and lucid critique of my use of the pure discovery element in the market process (to suggest a ﬁnders-keepers defense of the justice of entrepreneurial proﬁt). I believe that Burczak’s criticisms do not necessarily undermine my defense of entrepreneurial proﬁt; and I believe that Burczak’s criticisms, together with my present response, can usefully advance understanding of the place of economic justice in markets. I am grateful for this opportunity to comment on Burczak’s paper. Burczak’s critique consists of two separate and independent lines of argumentation. I will take up each of these in turn. A. Burczak’s First Line of Criticism This line of criticism relates to the legitimacy of the exchange of labor-time for wages, permitting the employer to retain what the laborer’s work produces that is in excess of the wages paid. My defense of the justice of entrepreneurial proﬁt (for those
The Review of Austrian Economics – Springer Journals
Published: Oct 18, 2004
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera