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Working With Great People — F. A. Hayek Program Academic Productivity 2010-2020

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The F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center officially began in 2012, but unofficially had been in operation since 1998 when I moved to GMU, and worked with Karen Vaughn and Richard Wagner to revitalize the research and graduate education mission of market process economics and constitutional political economy.  BTW, while it may seem somewhat a product of youthful pretentiousness today, if you go back to my dissertation and first book, The Political Economy of Soviet Socialism:  The Formative Years, 1918-1928 (Kluwer, 1990) and look at the bibliography, I divide that into Primary and Secondary Sources on the Soviet Union and Politics, Philosophy, Economics and the History of Ideas.  I have envisioned my own research and

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The F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center officially began in 2012, but unofficially had been in operation since 1998 when I moved to GMU, and worked with Karen Vaughn and Richard Wagner to revitalize the research and graduate education mission of market process economics and constitutional political economy.  BTW, while it may seem somewhat a product of youthful pretentiousness today, if you go back to my dissertation and first book, The Political Economy of Soviet Socialism:  The Formative Years, 1918-1928 (Kluwer, 1990) and look at the bibliography, I divide that into Primary and Secondary Sources on the Soviet Union and Politics, Philosophy, Economics and the History of Ideas.  I have envisioned my own research and teaching in PPE terms from the beginning, and this was reflected in my choice of terms when I organized the weekly seminar at GMU starting in 1998 for our group.  From the start it was in Philosophy, Politics and Economics, and the term Workshop was chosen deliberately as well to signal the same set of commitments that Lin and Vincent Ostrom did with their choice of that word to organize their set of scholarly activities at IU.  So, while I was trying to revitalize the Center for the Study of Market Processes that I so much benefited from in the 1980s, the effort had its own twist from the start -- though I honestly believe it was a twist completely consistent with the research and graduate educational mission that Don Lavoie and Karen Vaughn communicated to me.

Through the first decade of the 2000s we had stellar graduate students go through our program such as Ed Stringham and Ben Powell, Scott Beaulier and Bob Subrick, and many others I am failing to mention.  I would be helped in building our program by Paul Aligica and Fred Sautet and Peter Lipsey.  Larry White joined our Department of Economics and contributed tremendously to our efforts, and the department wisely hired back 3 of my former PhD students: Pete Leeson, Chris Coyne and Virgil Storr and we were able to forge our informal arrangement into a formal one with the support of my department colleagues, and the administration at Mercatus and the GMU administration.  We also received a significant grant from the John Templeton Foundation, and other donors, which we gratefully acknowledge that allowed us to not only solidify our efforts but to expand them.  In 2015, we moved into our new offices in Buchanan Hall.  It has been a great start so far, but of course our focus is always on -- as Buchanan used to say -- "onward and upward". 

However, the turn of a decade invites a stocktaking.  One measure (not the only one by far) of our academic productivity is the number of books produced by the scholars associated with the Hayek program.  This stocktaking will miss journal articles, academic acclaim and honors, teaching effectiveness, and mentoring and advising -- all major components of what we do here.  I am also leaving out of the stocktaking journal editing and book series editing -- both are major activities that define our particular group as can be seen by a sampling of CVs. My measure is also biased in favor of folks beyond the PhD by 5 to 10 years, so some of our younger colleagues will be missed in the accounting, but will no doubt make major contributions in terms of books over the next decade.  I will just focus on the period , but I encourage you to look at the entire body of work of all my colleagues over their careers.  It is actually pretty easy to do for any one as CVs are available online, many papers are posted online at sites like SSRN, and Google Scholar can demonstrate citation impact as a quick measure though of course Web of Science can also be consulted.

Paul Aligica

2013. Institutional Diversity and Political Economy (Oxford University Press)

2015. Capitalist Alternatives, with Vlad Tarko (Routledge)

2018. Public Entrepreneurship, Citizenship, and Self-Governance (Cambridge University Press)

2018. Comparative Economic Systems, Eds. with Peter Boettke (Elgar)

2019. Public Administration and the Classical Liberal Perspective, with Peter Boettke and Vlad Tarko (Oxford University Press)

Neera K Badhwar

2014. Well Being: Happiness in a Worthwhile Life (Oxford University Press)

Donald J. Boudreaux

2012. Hypocrites and Half-Wits (Free to Choose Press)

2014. The Essential Hayek (Fraser)

Ginny Choi

2019. Do Markets Corrupt Our Morals? with Virgil Storr (Palgrave/Macmillan)

Tyler Cowen

2011. The Great Stagnation (Penguin)

2013. An Economist Gets Lunch (Penguin)

2013. Average Is Over (Dutton)

2017. The Complacent Class (St Martin's)

2018. Stubborn Attachments (Stripe)

2019. Big Business (St Martin's)

Christopher Coyne

2019. In All Fairness: Equality, Liberty, and the Quest for Human Dignity, eds. with Robert Whales and Michael Munger (Independent Institute)

2019. Interdisciplinary Studies of the Political Order: New Applications of Public Choice Theory, Eds., with Donald Boudreaux and Bobbi Herzberg  (Rowman & Littlefield)

2018. Tyranny Comes Home: The Domestic Fate of U.S. Militarism with Abigail Hall (Stanford University Press)

2018. Exploring the Political Economy & Social Philosophy of James M. Buchanan, Eds. with Paul Dragos Aligica and Stefanie Haeffele (Rowman & Littlefield)

2017. Interdisciplinary Studies of the Market Order: New Applications of Market Process Theory, Eds. with Peter Boettke and Virgil Storr (Rowman & Littlefield)

2016. Future: Economic Peril or Prosperity?, eds. with Robert Whales and Michael Munger (Independent Institute)

2015. Oxford Handbook on Austrian Economics, eds. with Peter Boettke (Oxford University Press)

2015. Flaws and Ceilings: Price Controls and the Damage They Cause, eds. with Rachel Coyne (Institute for Economic Affairs)

2014. Doing Bad by Doing Good: Why Humanitarian Action Fails (Stanford University Press)

2011. The Handbook on the Political Economy of War, eds. with Rachel Mathers (Elgar)

Rachel Coyne

2015. Flaws and Ceilings: Price Controls and the Damage They Cause, eds. with Chris Coyne (Institute for Economic Affairs)

2011. The Handbook on the Political Economy of War, eds. with Chris Coyne (Elgar)

Stefanie Haeffele

2019. The Need for Humility in Policymaking: Lessons from Regulatory Policy Eds. with Anne Hobson (Rowman & Little)

2019. Informing Public Policy: Analyzing Contemporary US and International Policy Issues Through the Lens of Market Process Economics Eds with Abigail Hall and Adam Millsap (Rowman & Little)

2018. Knowledge and Incentives in Policy: Using Public Choice and Market Process Theory to Analyze Public Policy Issues Ed. (Rowman & Little)

2018. Exploring the Political Economy and Social Philosophy of James M. Buchanan Eds. Paul Aligica and Christopher Coyne (Rowman & Little)

2016. Mainline Economics: Six Nobel Lectures in the Tradition of Adam Smith Eds with Peter Boettke and Virgil Storr (Mercatus Center)

2015. Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship with Virgil Henry Storr and Laura E. Grube (Palgrave Macmillan)

Roberta Q. Herzberg

2019. Ostrom Tensions Eds. with Paul Aligica and Peter Boettke (Mercatus Center).

2019. Interdisciplinary Studies of the Political Order: New Applications of Public Choice Theory, Eds., with Donald Boudreaux and Chris Coyne  (Rowman & Littlefield)

Mark Koyama

2019. Persecution and Toleration: The Long Road to Religious Freedom with Noel D. Johnson (Cambridge University Press)

Peter T. Leeson

2019. Legal Systems Very Different from Ours with D. Friedman and D. Skarbek (Independently published)

2017. WTF?! An Economic Tour of the Weird (Stanford University Press)

2015. The Economic Role of the State ed. with P. Boettke (Edward Elgar).

2014. Anarchy Unbound: Why Self-Governance Works Better than You Think (Cambridge University Press)

2012. The Secrets of Pirate Management (Princeton University Press)

Jayme Lemke

2018. Exploring the Political Economy and Social Philosophy of F. A. Hayek, eds. with Peter J. Boettke and Virgil Henry Storr (Rowman & Littlefield)

Solomon Stein

2018. Buchanan's Tensions Eds. with Peter Boettke (Mercatus Center).

Virgil H. Storr

2019. Do Markets Corrupt Our Morals? with G. Choi (Palgrave/Macmillan)

2017. The Austrian and Bloomington Schools of Political Economy (Advances in Austrian Economics Vol. 22) edited withPaul Aligica and Paul Lewis (Emerald)

2017. Interdisciplinary Studies of the Market Order edited with Peter J. Boettke and Christopher Coyne (Rowman & Littlefield)

2016. Revisiting Hayek’s Political Economy (Advances in Austrian Economics Vol. 21) edited with Peter J. Boettke (Emerald)

2016. Mainline Economics: Six Nobel Lectures in the Tradition of Adam Smith Eds with Peter Boettke and Stefanie Haeffele (Mercatus Center)

2015. Culture and Economic Action edited with Laura E. Grube (Edward Elgar)

2015. How We Came Back: Voices from Post-Katrina New Orleans edited with Nona Martin Storr and Emily Chamlee-Wright (Mercatus Center)

2015. New Thinking in Austrian Political Economy (Advances in Austrian Economics Vol. 19) edited with Christopher J. Coyne (Emerald)

2015. Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship with Stefanie Haeffele and Laura E. Grube (Palgrave Macmillan)

2012. Understanding the Culture of Markets (Routledge)

2010. The Political Economy of Hurricane Katrina and Community Rebound edited with Emily Chamlee-Wright (Edward Elgar Publishing)

Richard E. Wagner

2018. James M. Buchanan: A Theorist of Political Economy and Social Philosophy, ed. (Palgrave/Macmillan)

2018. Public Debt: An Illusion of Democratic Political Economy, with Giuseppe Eusepi (Edward Elgar)

2017. James M. Buchanan and Liberal Political Economy: A Rational Reconstruction (Lexington)

2016. Politics as a Peculiar Business: Insights from a Theory of Entangled Political Economy (Edward Elgar)

2012. Deficits, Debt, and Democracy: Wrestling with Tragedy on the Fiscal Commons (Edward Elgar)

2010. Mind, Society, and Human Action: Time and Knowledge in a Theory of Social Economy (Routledge)

Lawrence H. White

2015. Renewing the Search for a Monetary Constitution, Eds. with Viktor Vanberg and Ekkehard Kohler (Cato Institute)

2012. The Clash of Economic Ideas (Cambridge University Press)

Todd Zywicki

2018. Law and Economics: Public and Private, Eds. Max Stearns and Tom Miceli. (West Academic)

2017. Research Handbook on Austrian Law and Economics, Eds. with Peter Boettke (Edward Elgar)

2014. Consumer Credit and the American Economy, with Thomas Durkin, Gregory Elliehausen and Michael Staten (Oxford University Press) 

In addition to our faculty fellows in the Hayek Program located at GMU, we also are blessed with a distinguished list of affiliated scholars who visit with us regularly and contribute to the intellectual life here: Bruce Caldwell, Brian Kogelmann, Chandran Kukathas, Bryan Leonard, Paul Lewis, Deirdre McCloskey, Christina McRorie, David Schmidtz, and Chad Van Schoelandt.  Just look at the last decade of Deirdre McCloskey's output and impact she has had, which we were so fortunate to see throughout the various stages of production, one example of which was highlighted in a Chronicle of Higher Education profile on one aspect of our work. But just consider the following:

2019. Why Liberalism Works (Yale University Press)

2016. The Oxford Handbook of Professional Economics Ethics, Eds. with George DeMartino (Oxford University Press)

2016. Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (University of Chicago Press)

2010. Bourgeois Dignity: Why Economics Can't Explain the Modern World (University of Chicago Press)

And, none of these scholars are close to being done as a list of books under contract and books currently slated for publication in the first months of 2020 would be on pace with past performance.  So the decade ahead is a promising one for economics, political economy and social philosophy for our group of scholars at the F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics.  It is my sincerest hope that we never rest of the past, always march forward, keep learning and improving, and communicating what we have learned in a way that demonstrates clarity of thought and clarity of exposition.  And, I hope that our students teaching throughout the academic world will exhibit the same, and outpace their teachers.

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.

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