The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse started in Kirzners earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication of his magnum opus. It is during that long period that Kirzner elaborated his approach further, responding to objections and critics, and offering the world a more...