Friday , September 22 2017
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The author Peter Boettke
Peter Boettke
Peter Joseph Boettke (January 3, 1960) is an American economist of the Austrian School. He is currently a University Professor of Economics and Philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, Vice President for Research, and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at GMU.

Coordination Problem

Happy Birthday Professor McCloskey

Today is the birthday of one of the clearest and most humane voices for sound economics, liberal political economy and a champion of civil and respectful discourse on the most vexing issues social cooperation among beautifully diverse and dispersed individuals.  Her vision is of a society of free and responsible individuals who live in caring communities and can prosper in a vibrant and dynamic market economy.  It is an inspiring vision, not trying to capture past glory for a dead...

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Why Did Hayek Have to Shock His Scientific Peers Out of Their Complacency?

Hayek, in the context of describing how the prices continually adapts and guide adjustments by the participants to changing circumstances without any central direction, uses the term "marvel" to depict the functioning of the price system (87).*  In fact, he says he chose the word deliberately to "shock the reader" out of their complacency.  Remember, this article was written for the American Economic Review, and his readers were his professional scientific peers.  He was not trying...

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Will the Real James Buchanan Please Stand Up

Hands down the best book you will read on James McGill Buchanan this year, or any year to this date, is Richard Wagner's James M. Buchanan and Liberal Political Economy.  The book is full of insights drawn from a 50 year association with Buchanan and his work -- as his student, as his co-author, as his colleague.  Wagner, in my opinion, is the intellectual heir to Buchanan's liberal political economy is more qualified than any other figure world-wide to explain the subtleties as...

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Reflections on 2017 MPS Regional Meeting in Seoul, Korea

I just returned from a fascinating experience in Seoul -- including a Presidential election in Korea that saw a landslide victory for a socialist leaning and "pro-North" candidate Moon Jae-in, and a visit to the DMZ.  The reformer Moon Jae-in is a reaction against charges of corruption and cronyism.  Since 1953, Korea's development is nothing short of miraculous, but obviously there are tensions in the system that must be explored.  I wasn't there long enough or studied the system...

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Applied Economics and Bridging the Gap Between Theory and Public Policy

The Mercatus Center has published a new book of mine (co-authored with Matt Mitchell) entitled Applied Mainline Economics: Bridging the Gap Between Theory and Public Policy.  This book owes its origins to Brian Hooks, but its completion to Stefanie Haeffele-Balch.  Stefanie is an amazing colleague to work with -- as a scholar, as a teacher, as a manger of scholarly and scientific pursuits, and as a visionary of educational communication.  Matt and I owe Stefanie -- and the entire...

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