ELI5: Explain Like I'm 5

Israel Kirzner

Israel Kirzner is an economist who studied how people make decisions in the market. He believed that when people are making choices in the market, they are looking for opportunities to make money. He thought that people were always on the lookout for opportunities to buy something at a low price and sell it at a higher price. This is how people make profits in the market. Basically, he showed how people are always searching for ways to make money and take advantage of the market.