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Special Lectures by Hayek Visiting Fellow

Professor Peter Boettke will be holding three undergraduate lectures from 5.00 to 6.00 p.m. in the Michio Morishima Room (R505). Peter Boettke is a professor of economics at George Mason University, Fairfax, VA, where he also serves as Director of Graduate Studies (PhD program), a Research Director at the Mercatus Center, and Deputy Director of the James M. Buchanan Center for Political Economy.



Abstract: Is there a unique Austrian School of Economics that represents a viable research program in modern economics? Boettke will locate the intellectual position and opportunities for mutually beneficial exchange between Austrian economists and the mainstream of economic teaching and research. Boettke will argue that though economic research has progresses tremendously in an Austrian direction over the past two decades, there remains areas where the Austrian approach has not be absorbed into the mainstream and thus opportunities for future growth.


Readings:
Peter Boettke, "Is There an Intellectual Market Niche For Austrian Economics?"
RAE, 11 (1-2) 1998, 1-4.
[download pdf]

Peter Boettke, "Information and Knowledge: Austrian Economics in Search of Its Uniqueness"
RAE, 15 (4) 2002, 263-274.
[download pdf]

Peter Boettke, "The Austrian School of Economics,"
in David Henderson, ed., A Concise Encyclopedia of Economics.

Peter Boettke and Peter Leeson, "The Austrian School of Economics: 1950-2000"
in Warren Samuels, Jeff Biddle and John Davis, eds., A Companion to the History of Economic Thought. Oxford: Blackwell Publishing Ltd., 2003.
[download pdf]

Peter Boettke, "Where Did Economics Go Wrong?"
Critical Review, 11 (1997): 11-64.
[download pdf]

Peter Boettke, Chris Coyne and Peter Leeson, "Man as Machine: The Plight of 20th Century Economics"
Annals of the Society for the History of Economic Thought, 43 (June 2003): 1-10.
[download pdf]



Abstract: After the collapse of socialism and the failure of efforts at development planning in Africa and Latin America, the old paradigm for studying economic systems and the causes of economic development have faded into the background. A reinvigorated political economy has moved to the forefront with developments in the New Institutional Economics. Missing from this discussion on the role of institutions in economic development, however, has been the focus on the entrepreneurial process. This lecture will attempt to fill in that gap and it explain its relevance to the fundamental policy questions of why some nations are rich and others are poor, and how is it that some nations that were poor became rich, and how some nations that were rich became poor.


Readings:
Peter Boettke, Chris Coyne, Peter Leeson and Frederic Sautet, "The New Comparative Political Economy"
RAE, forthcoming --- working paper version of the paper is available at:
[download pdf]

Peter Boettke and Chris Coyne, "Entrepreneurship and Development: Cause or Consequence"
Advances in Austrian Economics, 6 (2003): 67-88
[download pdf]



Abstract: Libertarianism in economics is often dismissed as ideological wishful thinking. In this lecture, Boettke will argue that we can view libertarianism as the impetus for a progressive research program in political economy that addresses questions about the foundations of social cooperation and in particular the issues of cooperation in conflict. Rather than libertarian ideology serving as a block to creative research, Boettke (following Schumpeter on ideology in general) argues that it can provide the raw material for bold and original analysis into fundamental questions in the social sciences.


Readings:
Peter Boettke, "Anarchism as a Research Program in Political Economy".

Edward Stringham and Peter Boettke, "Brokers, Bureaucrats and the Emergence of Financial Markets"
Managerial Finance, 30 (5) 2004: 57-71.

Peter Leeson, "Cooperation and Conflict: Evidence on Self-Enforcing Arrangements and Heterogenous Groups"
American Journal of Economics and Sociology, forthcoming
[download pdf]


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