“Humanity’s ability to communicate is becoming vastly greater. Knowledge and information are exploding. The greater shared understanding of the world that humanity is coming to possess should result, as the contemporary Austrian economist Israel Kirzner has emphasized theoretically, in circumstances in which an individual’s predictions of the future become more and more accurate. From an Austrian perspective, this should lead to greater economic prosperity.”

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Originally said in English.

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About Israel Kirzner

Israel Kirzner is quoted here; further biographical details are not publicly available.

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