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Description professional economists from the austrian school commenting on scholarly research in economics and current events.

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Keywords austrian economics, free markets, mises, hayek, kirzner
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coordination problem
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about
recent posts
archives
may 2017
blogs we like
links
search
our websites
our books
H3
reflections on 2017 mps regional meeting in seoul, korea
applied economics and bridging the gap between theory and public policy
a dialogue on israel kirzner and his contributions to price theory and the competitive market process
happy 87th birthday professor israel m. kirzner
call for papers: 2017 sdae meetings (tampa, fl, november 17-19)
modernity and liberalism -- a match that defies the progressive's wisdom
non-zero -- trading is the key to human betterment
saying what you mean
kenneth boulding on "the task of interpretation"
duke 2017 summer institute in history of political economy
praxeology, history and foreign policy
unsolved, unanswered, unasked, sins of commission, and sins of omission in economics, political economy and social philosophy
kelly green golf shoes, flour beetles, and publishing and promotion in economics
2016: a year in a life
liberalism reconstructed for a world divided
H4
H5
H6
strong
april 1, 2017
complete misapprehension
this is precisely what the price system does under competition, and which no other system even promises to accomplish.
any further growth of its complexity, therefore, far from making central direction more necessary, makes it more important than ever that we should use a technique which does not depend on conscious control
reconstruction
but
b
i
april 1, 2017
complete misapprehension
this is precisely what the price system does under competition, and which no other system even promises to accomplish.
any further growth of its complexity, therefore, far from making central direction more necessary, makes it more important than ever that we should use a technique which does not depend on conscious control
reconstruction
but
em april 1, 2017
complete misapprehension
this is precisely what the price system does under competition, and which no other system even promises to accomplish.
any further growth of its complexity, therefore, far from making central direction more necessary, makes it more important than ever that we should use a technique which does not depend on conscious control
reconstruction
but
Bolds strong 6
b 0
i 6
em 6
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coordination problem http://www.coordinationproblem.org/
about http://austrianeconomists.typepad.com/about.html
reflections on 2017 mps regional meeting in seoul, korea http://www.coordinationproblem.org/2017/05/reflections-on-2017-mps-regional-meeting-in-seoul-korea.html
applied economics and bridging the gap between theory and public policy http://www.coordinationproblem.org/2017/04/applied-economics-and-bridging-the-gap-between-theory-and-public-policy.html
a dialogue on israel kirzner and his contributions to price theory and the competitive market process http://www.coordinationproblem.org/2017/03/a-dialogue-on-israel-kirzner-and-his-contributions-to-price-theory-and-the-competitive-market-proces.html
happy 87th birthday professor israel m. kirzner http://www.coordinationproblem.org/2017/02/happy-87th-birthday-professor-israel-m-kirzner.html
call for papers: 2017 sdae meetings (tampa, fl, november 17-19) http://www.coordinationproblem.org/2017/02/call-for-papers-2017-sdae-meetings-tampa-fl-november-17-19.html
modernity and liberalism -- a match that defies the progressive's wisdom http://www.coordinationproblem.org/2017/01/modernity-and-liberalism-a-match-that-defies-the-progressives-wisdom.html
non-zero -- trading is the key to human betterment http://www.coordinationproblem.org/2017/01/non-zero-trading-is-the-key-to-human-betterment.html
saying what you mean http://www.coordinationproblem.org/2017/01/saying-what-you-mean.html
kenneth boulding on "the task of interpretation" http://www.coordinationproblem.org/2017/01/kenneth-boulding-on-the-task-of-interpretation.html
duke 2017 summer institute in history of political economy http://www.coordinationproblem.org/2017/01/duke-2017-summer-institute-in-history-of-political-economy.html
archives http://www.coordinationproblem.org/archives.html
may 2017 http://www.coordinationproblem.org/2017/05/index.html
april 2017 http://www.coordinationproblem.org/2017/04/index.html
march 2017 http://www.coordinationproblem.org/2017/03/index.html
february 2017 http://www.coordinationproblem.org/2017/02/index.html
january 2017 http://www.coordinationproblem.org/2017/01/index.html
december 2016 http://www.coordinationproblem.org/2016/12/index.html
november 2016 http://www.coordinationproblem.org/2016/11/index.html
october 2016 http://www.coordinationproblem.org/2016/10/index.html
september 2016 http://www.coordinationproblem.org/2016/09/index.html
august 2016 http://www.coordinationproblem.org/2016/08/index.html
12 http://www.coordinationproblem.org/2017/05/reflections-on-2017-mps-regional-meeting-in-seoul-korea.html
beyond the numbers (american institute for economic research) http://www.aier.org/research/beyond-the-numbers
bleeding heart libertarians http://bhl.typepad.com/bleeding-heart-libertaria/
bob mcteer's blog http://www.bob-mcteer-blog.com/
café hayek http://cafehayek.typepad.com/hayek/
catallaxy http://catallaxyfiles.com/
division of labour http://www.divisionoflabour.com/
kids prefer cheese http://mungowitzend.blogspot.com/
knowledge problem http://www.knowledgeproblem.com/
liberty and power http://hnn.us/blogs/4.html
marginal revolution http://www.marginalrevolution.com/
organizations and markets http://organizationsandmarkets.wordpress.com/
peter gordon's blog http://www-rcf.usc.edu/~pgordon/blog/
private sector development blog http://psdblog.worldbank.org/psdblog/
the cobden centre http://www.cobdencentre.org/blog/
the economic way of thinking http://ewot.typepad.com/
the filter^ http://thefilter.blogs.com/thefilter/
thinkmarkets http://thinkmarkets.wordpress.com/
truth on the market http://truthonthemarket.com/
africa house at nyu http://www.nyu.edu/africahouse/
association of private enterprise education http://www.apee.org/
center for study of public choice http://www.gmu.edu/centers/publicchoice/
critical review http://www.criticalreview.com
e. g. west centre http://www.ncl.ac.uk/egwest/index.html
ecole autrichienne en ligne http://www.eauli.net/
econ journal watch http://www.econjournalwatch.org/main/index.php
economists' voice http://www.bepress.com/ev/
econtalk http://www.econtalk.org/
enterprise africa! http://www.enterpriseafrica.org/
foundation for economic education http://fee.org
george mason university economics department http://www.gmu.edu/departments/economics/
hoover institution http://www.hoover.org/
institute for humane studies http://www.theihs.org/
interdisciplinary center for economic science http://www.ices-gmu.org/
james buchanan center for political economy http://www.gmu.edu/jbc/
john templeton foundation http://www.templeton.org/
l'institut turgot http://www.turgot.org/
liberty fund, inc. http://www.libertyfund.org/
library of economics and liberty http://www.econlib.org/
mercatus center http://www.mercatus.org
milton and rose friedman foundation http://www.friedmanfoundation.org/
quarterly journal of austrian economics http://www.mises.org/qjaedisplay.asp
review of austrian economics http://www.springerlink.com/app/home/journal.asp?wasp=df7eed7971f3478097c67408a5d735bf&referrer=parent&backto=linkingpublicationresults,1:100335,1
society for the development of austrian economics http://it.stlawu.edu/sdae/
southern economic association http://www.southerneconomic.org/
universidad francisco marroquin https://www.ufm.edu/index.php
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reflections on 2017 mps regional meeting in seoul, korea http://www.coordinationproblem.org/2017/05/reflections-on-2017-mps-regional-meeting-in-seoul-korea.html
- http://austrianeconomists.typepad.com/.a/6a00d83451eb0069e201b7c8f78a0f970b-pi
special meeting in stockholm http://ratio.se/mps-2017/
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/05/reflections-on-2017-mps-regional-meeting-in-seoul-korea.html
comments (0) http://www.coordinationproblem.org/2017/05/reflections-on-2017-mps-regional-meeting-in-seoul-korea.html#comments
applied economics and bridging the gap between theory and public policy http://www.coordinationproblem.org/2017/04/applied-economics-and-bridging-the-gap-between-theory-and-public-policy.html
- http://austrianeconomists.typepad.com/.a/6a00d83451eb0069e201b7c8e9b540970b-pi
webpage https://ppe.mercatus.org/publications/applied-mainline-economics?utm_source=email&utm_medium=newsletter&utm_campaign=ppe
earlier book https://ppe.mercatus.org/publications/mainline-economics-nobel-lectures-adam-smith
living economics http://www.independent.org/store/book.asp?id=98
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/04/applied-economics-and-bridging-the-gap-between-theory-and-public-policy.html
comments (0) http://www.coordinationproblem.org/2017/04/applied-economics-and-bridging-the-gap-between-theory-and-public-policy.html#comments
a dialogue on israel kirzner and his contributions to price theory and the competitive market process http://www.coordinationproblem.org/2017/03/a-dialogue-on-israel-kirzner-and-his-contributions-to-price-theory-and-the-competitive-market-proces.html
liberty matters http://oll.libertyfund.org/pages/lm-kirzner
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/03/a-dialogue-on-israel-kirzner-and-his-contributions-to-price-theory-and-the-competitive-market-proces.html
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happy 87th birthday professor israel m. kirzner http://www.coordinationproblem.org/2017/02/happy-87th-birthday-professor-israel-m-kirzner.html
liberty fund https://ppe-live.dev-mercatus.com/publication/collected-works-israel-m-kirzner
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/02/happy-87th-birthday-professor-israel-m-kirzner.html
comments (0) http://www.coordinationproblem.org/2017/02/happy-87th-birthday-professor-israel-m-kirzner.html#comments
call for papers: 2017 sdae meetings (tampa, fl, november 17-19) http://www.coordinationproblem.org/2017/02/call-for-papers-2017-sdae-meetings-tampa-fl-november-17-19.html
https://www.southerneconomic.org/conference/ https://www.southerneconomic.org/conference/
chris http://profile.typepad.com/ccoyne1
permalink http://www.coordinationproblem.org/2017/02/call-for-papers-2017-sdae-meetings-tampa-fl-november-17-19.html
comments (0) http://www.coordinationproblem.org/2017/02/call-for-papers-2017-sdae-meetings-tampa-fl-november-17-19.html#comments
modernity and liberalism -- a match that defies the progressive's wisdom http://www.coordinationproblem.org/2017/01/modernity-and-liberalism-a-match-that-defies-the-progressives-wisdom.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/modernity-and-liberalism-a-match-that-defies-the-progressives-wisdom.html
comments (0) http://www.coordinationproblem.org/2017/01/modernity-and-liberalism-a-match-that-defies-the-progressives-wisdom.html#comments
non-zero -- trading is the key to human betterment http://www.coordinationproblem.org/2017/01/non-zero-trading-is-the-key-to-human-betterment.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/non-zero-trading-is-the-key-to-human-betterment.html
comments (0) http://www.coordinationproblem.org/2017/01/non-zero-trading-is-the-key-to-human-betterment.html#comments
saying what you mean http://www.coordinationproblem.org/2017/01/saying-what-you-mean.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/saying-what-you-mean.html
comments (1) http://www.coordinationproblem.org/2017/01/saying-what-you-mean.html#comments
kenneth boulding on "the task of interpretation" http://www.coordinationproblem.org/2017/01/kenneth-boulding-on-the-task-of-interpretation.html
mr. boulding and the austrians https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1530978
samuelson's listing of the all the nobel prizes that should have gone to austrian economists http://www.coordinationproblem.org/2011/08/mises-wins-the-nobel-prize-in-economic-science-well-sort-of-.html
samuelson's letter to henry hazlitt https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2030464
joint paper with rosolino candela https://www.cambridge.org/core/journals/journal-of-institutional-economics/article/div-classtitleprice-theory-as-prophylactic-against-popular-fallaciesdiv/c3f92d93ee53324069e95b4e66ab0355
review essay on samuelson's foundations in the jpe. https://www.jstor.org/stable/1825768?seq=1#page_scan_tab_contents
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/kenneth-boulding-on-the-task-of-interpretation.html
comments (0) http://www.coordinationproblem.org/2017/01/kenneth-boulding-on-the-task-of-interpretation.html#comments
duke 2017 summer institute in history of political economy http://www.coordinationproblem.org/2017/01/duke-2017-summer-institute-in-history-of-political-economy.html
http://hope.econ.duke.edu/ https://hope.econ.duke.edu/
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/duke-2017-summer-institute-in-history-of-political-economy.html
comments (0) http://www.coordinationproblem.org/2017/01/duke-2017-summer-institute-in-history-of-political-economy.html#comments
praxeology, history and foreign policy http://www.coordinationproblem.org/2017/01/praxeology-history-and-foreign-policy.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/praxeology-history-and-foreign-policy.html
comments (0) http://www.coordinationproblem.org/2017/01/praxeology-history-and-foreign-policy.html#comments
unsolved, unanswered, unasked, sins of commission, and sins of omission in economics, political economy and social philosophy http://www.coordinationproblem.org/2017/01/unsolved-unanswered-unasked-sins-of-commission-and-sins-of-omission-in-economics-political-economy-a.html
the intellectual market niche for austrian economics http://www.gmu.edu/depts/rae/archives/vol11_1-2_1999/boettke.pdf
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/unsolved-unanswered-unasked-sins-of-commission-and-sins-of-omission-in-economics-political-economy-a.html
comments (0) http://www.coordinationproblem.org/2017/01/unsolved-unanswered-unasked-sins-of-commission-and-sins-of-omission-in-economics-political-economy-a.html#comments
kelly green golf shoes, flour beetles, and publishing and promotion in economics http://www.coordinationproblem.org/2017/01/kelly-green-golf-shoes-flour-beetles-and-publishing-and-promotion-in-economics.html
kelly green golf shoes and the intellectual range from m to n https://www.jstor.org/stable/40325653?seq=1#page_scan_tab_contents
publishing and promotion https://www.aeaweb.org/webcasts/2017/curse.php
dishwater of the orthodoxy http://www.coordinationproblem.org/2014/06/the-smelly-little-orthodoxies-which-are-now-contending-for-our-souls.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2017/01/kelly-green-golf-shoes-flour-beetles-and-publishing-and-promotion-in-economics.html
comments (1) http://www.coordinationproblem.org/2017/01/kelly-green-golf-shoes-flour-beetles-and-publishing-and-promotion-in-economics.html#comments
2016: a year in a life http://www.coordinationproblem.org/2016/12/2016-a-year-in-a-life.html
institute for human sciences http://www.iwm.at/
winter 2016 http://www.independent.org/pdf/tir/tir_20_03_03_boettke.pdf
"students of civilization" http://www.cambridge.org/catalogue/catalogue.asp?isbn=9781107126404
his conversation with chris coyne https://ppe.mercatus.org/podcasts/12272016/research-program-robert-higgs
"vienna circle" https://medium.com/the-vienna-circle
conversation between deirdre mccloskey and don boudreaux https://podfanatic.com/podcast/hayek-program-podcast/episode/a-conversation-between-deirdre-mccloskey-and-don-boudreaux-on-bourgeois-equality-1
israel kirzner https://ppe.mercatus.org/video/history-and-importance-austrian-theory-market-process-israel-m-kirzner?_ga=1.40676452.750955660.1478717852
michael munger https://ppe.mercatus.org/podcasts/10212016/keynote-lecture-thirty-years-after-nobel
panel discussion https://ppe.mercatus.org/podcasts/10212016/panel-discussion-thirty-years-after-nobel
ssrn page https://papers.ssrn.com/sol3/cf_dev/absbyauth.cfm?per_id=182652
homepage http://www.peter-boettke.com/
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2016/12/2016-a-year-in-a-life.html
comments (1) http://www.coordinationproblem.org/2016/12/2016-a-year-in-a-life.html#comments
liberalism reconstructed for a world divided http://www.coordinationproblem.org/2016/12/liberalism-reconstructed-for-a-world-divided.html
peter boettke http://profile.typepad.com/pboettke
permalink http://www.coordinationproblem.org/2016/12/liberalism-reconstructed-for-a-world-divided.html
comments (1) http://www.coordinationproblem.org/2016/12/liberalism-reconstructed-for-a-world-divided.html#comments
next » http://www.coordinationproblem.org/page/2/
chris coyne http://www.ccoyne.com/
frederic sautet http://www.mercatus.org/peopledetails.aspx?id=16982
pete boettke http://econfaculty.gmu.edu/pboettke
peter t. leeson http://www.peterleeson.com/
steve horwitz http://myslu.stlawu.edu/~shorwitz/
- http://www.amazon.com/exec/obidos/asin/1107629705/typepad0c2-20
professor peter t. leeson: anarchy unbound: why self-governance works better than you think (cambridge studies in economics, choice, and society) http://www.amazon.com/exec/obidos/asin/1107629705/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/1598130757/typepad0c2-20
peter j. boettke: living economics: yesterday, today, and tomorrow http://www.amazon.com/exec/obidos/asin/1598130757/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0804772282/typepad0c2-20
christopher coyne: doing bad by doing good: why humanitarian action fails http://www.amazon.com/exec/obidos/asin/0804772282/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0136039855/typepad0c2-20
paul heyne, peter boettke, david prychitko: economic way of thinking, the (12th edition) http://www.amazon.com/exec/obidos/asin/0136039855/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0415569575/typepad0c2-20
steven horwitz: microfoundations and macroeconomics: an austrian perspective http://www.amazon.com/exec/obidos/asin/0415569575/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0415778212/typepad0c2-20
boettke & aligica: challenging institutional analysis and development: the bloomington school http://www.amazon.com/exec/obidos/asin/0415778212/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/1847204783/typepad0c2-20
coyne & leeson: media, development, and institutional change (new thinking in political economy series) http://www.amazon.com/exec/obidos/asin/1847204783/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0691137471/typepad0c2-20
peter t. leeson: the invisible hook: the hidden economics of pirates http://www.amazon.com/exec/obidos/asin/0691137471/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0804754403/typepad0c2-20
christopher coyne: after war: the political economy of exporting democracy (stanford economics & finance) http://www.amazon.com/exec/obidos/asin/0804754403/typepad0c2-20
- http://www.amazon.fr/exec/obidos/asin/2051014876/typepad-21
philippe lacoude and frederic sautet (eds.): action ou taxation http://www.amazon.fr/exec/obidos/asin/2051014876/typepad-21
- http://www.amazon.com/exec/obidos/asin/1858985560/typepad0c2-20
peter boettke and david prytchitko: market process theories http://www.amazon.com/exec/obidos/asin/1858985560/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/1858982995/typepad0c2-20
peter boettke (ed.): the legacy of friedrich von hayek http://www.amazon.com/exec/obidos/asin/1858982995/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0792391004/typepad0c2-20
peter boettke: the political economy of soviet socialism: the formative years, 1918-1928 http://www.amazon.com/exec/obidos/asin/0792391004/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0415771099/typepad0c2-20
peter boettke: calculation and coordination: essays on socialism and transitional political economy http://www.amazon.com/exec/obidos/asin/0415771099/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0415771080/typepad0c2-20
frederic sautet: an entrepreneurial theory of the firm http://www.amazon.com/exec/obidos/asin/0415771080/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/1840644028/typepad0c2-20
peter boettke & peter leeson (eds.): the legacy of ludwig von mises http://www.amazon.com/exec/obidos/asin/1840644028/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/0415085144/typepad0c2-20
peter boettke: why perestroika failed: the politics and economics of socialist transformation http://www.amazon.com/exec/obidos/asin/0415085144/typepad0c2-20
- http://www.amazon.com/exec/obidos/asin/1858987768/typepad0c2-20
peter boettke (ed.): the elgar companion to austrian economics http://www.amazon.com/exec/obidos/asin/1858987768/typepad0c2-20
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coordination problem about recent posts reflections on 2017 mps regional meeting in seoul, korea applied economics and bridging the gap between theory and public policy a dialogue on israel kirzner and his contributions to price theory and the competitive market process happy 87th birthday professor israel m. kirzner call for papers: 2017 sdae meetings (tampa, fl, november 17-19) modernity and liberalism -- a match that defies the progressive's wisdom non-zero -- trading is the key to human betterment saying what you mean kenneth boulding on "the task of interpretation" duke 2017 summer institute in history of political economy archives may 2017 april 2017 march 2017 february 2017 january 2017 december 2016 november 2016 october 2016 september 2016 august 2016 may 2017 sun mon tue wed thu fri sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 blogs we like beyond the numbers (american institute for economic research) bleeding heart libertarians bob mcteer's blog café hayek catallaxy division of labour kids prefer cheese knowledge problem liberty and power marginal revolution organizations and markets peter gordon's blog private sector development blog the cobden centre the economic way of thinking the filter^ thinkmarkets truth on the market links africa house at nyu association of private enterprise education center for study of public choice critical review e. g. west centre ecole autrichienne en ligne econ journal watch economists' voice econtalk enterprise africa! foundation for economic education george mason university economics department hoover institution institute for humane studies interdisciplinary center for economic science james buchanan center for political economy john templeton foundation l'institut turgot liberty fund, inc. library of economics and liberty mercatus center milton and rose friedman foundation quarterly journal of austrian economics review of austrian economics society for the development of austrian economics southern economic association universidad francisco marroquin blog powered by typepad subscribe to this blog's feed reflections on 2017 mps regional meeting in seoul, korea |peter boettke| 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 in-depth enough to offer a constructive answer, but my priors would lead me to think in terms of the differences between industrialization and development.  but that might not be the right way to think about it.  in my book the collapse of development planning, young back choi has an excellent chapter on the korean model, and ben powell's dissertation written in the early 2000s explored this difference between industrialization and development in the context of the debate concerning the asian tigers.  my short visit convinced me of the importance of revisiting these issues.  this was, of course, nowhere as stark as in looking across the divide between north and south as well as the satellite imagery that is now well-known showing the respective countries at night.  whether real or not, i haven't personally felt the scars of socialist-communism in visiting a country since my travels in the early transition period in east and central europe and the former soviet union.  as a comparative political economist, korea reaffirmed my fascination with how alternative political, legal, social and cultural institutions impact the economics and financial practices of a nation.  as a human being, i was reminded of the horrors of war and the tragedy of political oppression. the mps meetings themselves were fantastic in content and organization.  it was a jam packed program put together by the organizing committee of kyu-jae jeong(co-chair), tae-shin kwon(co-chair), inchul kim(co-chair), hong yeol kim, and youngsul kwon(secretary general), and it included talks by local scholars on the korean economy, but also international scholars on the general problems that liberalism must face.  a highlight for me -- as an economist -- was the panel featuring lars hansen, vernon smith and israel kirzner.  the organizing committee and the program committee put together a first-rate intellectual experience and despite the political situation with heightened tensions in the region the conference had a great attendance with rooms full to capacity to hear the speakers. mps was founded to cultivate a constructive conversation about liberalism, and its continuing relevance for the practical problems of the day.  as i said in my opening speech -- the walter lippmann colloquium -- from which mps derives -- was concerned with the challenges to classical liberalism that the (real or imagined) inefficiency, instability and inequality of the market represented.  this is still our challenge today.  and meeting it requires a reconstruction of the liberal project for our time.  but in that reconstruction there are also time honored principles that must be adhered to i would argue.  reconstruction is not abandonment.   next mps meeting is a special meeting in stockholm next november to continue this conversation.   posted by peter boettke on may 12, 2017 at 12:26 pm | permalink | comments (0) | applied economics and bridging the gap between theory and public policy |peter boettke| 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 mercatus publications team -- a great big thank you for all they did to see this project through to the end.  thank you.       here is the webpage for the book that has a more detailed descriptions and also information on ordering.  if you do order, please do provide feedback and especially if you use in class let me know how your students react to the material and the way it is presented.  while you are at it, don't forget the earlier book mainline economics: six nobel lectures in the tradition of adam smith and living economics, where i explain the "mainline" versus "mainstream" distinction. posted by peter boettke on april 04, 2017 at 07:06 pm | permalink | comments (0) | a dialogue on israel kirzner and his contributions to price theory and the competitive market process |peter boettke| liberty matters this month features an essay by me on kirzner with commentary by mario rizzo, peter klein, and frederic sautet.  please join the conversation once it opens to the public in a week or so. posted by peter boettke on march 08, 2017 at 06:02 pm | permalink | comments (0) | happy 87th birthday professor israel m. kirzner |peter boettke| the most accomplished and significant scholar in the modern austrian school of economics -- israel m. kirzner -- turns 87 today.  born february 13, 1930 in london, then raised first in south africa and then educated in the us at brooklyn college (ba, 1954) and then new york university (phd, 1957), kirzner joined the faculty at nyu in 1957 and remained there throughout his career. he made fundamental contributions as an economic scholar to price theory, capital theory, entrepreneurship theory, market process theory, and the history of economic thought, and to economic philosophy on the question of distributive justice.  his collected works are being published by liberty fund in a 10 volume set -- 6 volumes have already been published, and vol 7 will be out shortly. he remains active and is an inspiring figure ... a scholar's scholar.  at the 2016 southern economic association meetings he received a standing ovation from the crowd of around 500 after delivering his association lecture.  his voice remains the most powerful and profound within the austrian school of economics. professor kirzner -- thank you for your work, and for your example -- and wishing you a very healthy and happy 87th birthday. posted by peter boettke on february 13, 2017 at 10:34 am | permalink | comments (0) | call for papers: 2017 sdae meetings (tampa, fl, november 17-19) the annual meeting of the society for the development of austrian economics will be held during the southern economics association meetings in tampa, fl at the tampa marriott waterside hotel and marina, november 17-19, 2017 (friday to sunday; more information can be found here: https://www.southerneconomic.org/conference/). members interested in presenting papers, serving as chairs/discussants, or proposing entire panels should submit proposals by friday, april 1, 2017. please submit papers and panels to the following email address: sdae@ttu.edu with all paper submissions, please include a pdf or ms word document constrainting the paper title, two jel-codes, an abstract of no more than 100 words (700 characters), as well as the following information for each co-author: 1. first name 2. last name 3. affiliation (institution) 4. street address 5. city, state 6. zip code 7. phone number 8. email address with all panel submissions please include the above information for all authors and coauthors. if you are proposing a paper for presentation, we assume that you will serve as a chair or discussant (if needed) for at least one other conference session. if you wish only to serve as a chair or discussant, please indicate so in your submission. note that each session during the sea meetings lasts one hour and forty-five minutes and typically has four or more participants. finally, please also note that the conference organizers have to be free to place your paper or panel on any of the conference days. sdae members who are current in their annual membership dues are given priority for panels. let’s work together to build upon the success of past sdae meetings and highlight the excellent work being done by scholars inspired by the traditions of the austrian school! sincerely, andrew t. young president elect, society for the development of austrian economics and professor of economics at the rawls college of business, texas tech university posted by chris on february 08, 2017 at 11:25 am | permalink | comments (0) | modernity and liberalism -- a match that defies the progressive's wisdom |peter boettke| in one of the most important books in the history of american political life -- herbert croly's the promise of american life (1909) -- a contrast is drawn between jefferson and hamilton.  hamilton in this work is taken to symbolize professional bureaucracy and a large and effective national government.  the argument was that as america shifted from predominately an agrarian economy to an industrial one, the jeffersonian vision was no longer a viable model of government for america.  jeffersonianism was a political philosophy of extreme individualism, and despite the great faith this vision held for the people it was only applicable in a world of pioneers and frontiersmen.  but in the industrial age,  government could no longer be content with protecting negative rights; it needed to actively promote the general welfare.  to achieve this, we could not rely on the "invisible hand" of the market, but instead the very "visible hand" of the modern public administration and a three-pronged program that entailed the nationalization of large corporations, the strengthening of labor unions, and a strong central government. this progressive vision of government has been in the public imagination of the elite ever since.  it is what guided keynes's turn to the administrative state to manage investment and maintain full employment levels of output; it is what guided samuelson's neoclassical synthesis that would enlist the administrative state to correct for macroeconomic imbalances and microeconomic inefficiencies; it was the vision behind john kenneth galbraith's demand that the administrative state be structured such to reinforce the countervailing force to manage the relationship between business, labor, and the public sector; and it is the vision that governs the contemporary recipes for the activist administrative state that one can read in krugman, stiglitz and summers.   the vision of bureaucratic public administration as synonymous with modernity has been an article of faith for the establishment elite since weber and wilson. but consider the following from hayek's the road to serfdom (2007[1944]) 94-96: the assertion that modern technological progress makes planning inevitable can also be interpreted in a different manner.  it may mean that the complexity of our modern industrial civilization creates new problems with which we cannot hope to deal effectively except by central planning.  in a sense this is true -- yet not in the wide sense in which it is claimed.  it is, for example, a commonplace that many of the problems created by the modern town, like many other problems caused by close contiguity in space, are not adequately solved by competition.  but it is not these problems, like those of the "public utilities," etc., which are uppermost in the minds of those who invoke the complexity of modern civilization as an argument for central planning.  what they generally suggest is that the increasing difficulty of obtaining a coherent picture of the complete economic process makes it indispensable that things should be coordinated by some central agency if social life is not to dissolve in chaos. this argument is based on a complete misapprehension of the working of competition.  far from being appropriate only to comparatively simple conditions, it is the very complexity of the division of labor under modern conditions which makes competition the only method by which such coordination can be adequately brought about.  there would be no difficulty about efficient control or planning were conditions so simple that a single person or board could effectively survey all the relevant facts.  it is only as the factors which have to be taken into account become so numerous that it is impossible to gain a synoptic view of them that decentralization becomes imperative.  but, once decentralization is necessary, the problem of coordination arises -- a coordination which leaves the separate agencies free to adjust their activities to the fact which only they can know and yet brings about a mutual adjustment of their respective plans.  as decentralization has become necessary because nobody can consciously balance all the considerations bearing on the decisions of so many individuals, the coordination can clearly e effected not by "conscious control" but only by arrangements which convey to each agent the information he must possess in order effectively to adjust his decisions to those of others.  and because all the details of the changes constantly affecting the conditions of demand and supply of the different commodities can never be fully known, or quickly enough be collected and disseminated, by any one center, which is required is some apparatus of registration which automatically records all the relevant effects of individual actions and whose indications are at the same time the result of, and, the guide for, all the individual decisions. this is precisely what the price system does under competition, and which no other system even promises to accomplish.  it enables entrepreneurs, by watching the movement of comparatively few prices, as an engineer watches the hands of a few dials, to adjust their activities to those of their fellows.  the important point here is that the price system will fulfill this function only if competition prevails, that is, if the individual producer has to adapt himself to price changes and cannot control them.  the more complicated the whole, the more dependent we become on that division of knowledge between individuals whose separate efforts are coordinated by the impersonal mechanism for the transmitting the relevant information known by us as the price system. it is no exaggeration to say that if we had to rely on conscious central planning for the growth of our industrial system, it would never have reached the degree of differentiation, complexity, and flexibility it has attained.  compared with this method of solving the economic problem by means of decentralization plus automatic coordination, the more obvious method of central direction is incredibly clumsy, primitive, and limited in scope.  that the division of labor has reached the extent which makes modern civilization possible we owe to the fact that it did not have to be consciously created but that man tumbled on a method by which the division of labor could be extended far beyond the limits within which is could have been planned.  any further growth of its complexity, therefore, far from making central direction more necessary, makes it more important than ever that we should use a technique which does not depend on conscious control. (emphasis added) lets rethink the entire intellectual and practical agenda of progressivism -- it just isn't the appropriate philosophical vision of a modern vibrant, diverse and cosmopolitan liberal social order. posted by peter boettke on january 31, 2017 at 03:52 pm | permalink | comments (0) | non-zero -- trading is the key to human betterment |peter boettke| doug irwin is perhaps the most learned and forceful voices on this topic.  listen and share with others.     posted by peter boettke on january 30, 2017 at 09:46 am | permalink | comments (0) | saying what you mean |peter boettke| i wonder how much better the academic matching market would work if people simply spoke their mind. i actually do think there would be efficiency gains, though there would also be many more awkward moments like this. posted by peter boettke on january 25, 2017 at 10:27 am | permalink | comments (1) | kenneth boulding on "the task of interpretation" |peter boettke| in kenneth boulding's economic analysis (new york, ny: harper, 1941) in his chapter the task and method of economic analysis he has a section entitled "the task of interpretation" where he argues: we have now indicated the broad field of fact within which economic analysis functions. we have yet to define the specific task of economic analysis itself. the purpose of any analytical treatment of material is to provide a body of principles according to which facts can be selected and interpreted. the complaint is frequently heard that people want "facts", not "theories". the complaint may be justified in protest against theories which have no basis in fact, but usually it arises from a misunderstanding of the true relationships of facts and theories. theories without facts may be barren, but facts without theories are meaningless. it is only "theory"- i.e., a body of principles - which enables us to approach the bewildering complexity and chaos of fact, select the facts significant for our purposes, and interpret the significance. indeed, it is hardly too much to claim that without a theory to interpret it there is no such thing as a "fact" at all. it is a "fact", for instance, that oliver cromwell had a wart on his nose. but what constitutes this supposed "fact"? to the chemist it is a certain conglomeration of atoms and molecules. to the physicist it is a dizzy mass of unpredictably excitable electrons. to the biologist it is a certain impropriety in the behavior of cells. to the psychologist it may be the key to the interpretation of cromwell's character, and a fact of overwhelming importance. the historian may consider it an insignificant detail or an important causative factor, according to whether he follows economic or psychological interpretations of history. to the economist the wart may be of negligible importance unless cromwell were prepared to pay a good round sum for its removal. what, then, is the "fact" about the wart? it may be any or all of the above, depending on the particular scheme of interpretation into which it is placed. (p. 5) i had the great privilege of studying with boulding along with my good friend dave prychitko.  because of the fact that we were among his last students, we were asked separately and jointly to write about him for a few years -- this is our main paper about his relationship with the austrian school of economics -- "mr. boulding and the austrians."  i sometimes get accused on defining austrian economics so broadly that everyone and anyone i happen to find intellectually interesting gets captured in my intellectual web.  this criticism never bothered me because what i care about is not preserving a "school of thought" but doing good economics, political economy and social philosophy.  i'd be foolish to turn my back on thinkers i find interesting, illuminating and insightful for addressing the questions i am asking.  but i think there is another greater problem that is going on with those that criticize me --- they actually don't understand the history of 20th century economic thought and the varied lines of influence that thinkers such as menger, bohm-bawerk, and wieser had, or the influences that schumpeter, mises, hayek, robbins, machlup, morgenstern, haberler had in economics during the 1900-1950s period.  the contributions of the austrian economists were simply part of the common-knowledge of every trained economist as can be seen by an examination of syllabi and test questions, and even jel classification codes -- the contributions of the austrian school in the early part of the 20th century according to the classification system are part of neoclassical microeconomics, but post 1950 they are classified as part of heterodox economics.  someone still needs to write this paper explaining that shift in a persuasive manner.  but as it is, both friend and foe of the austrian school would have difficulty processing samuelson's listing of the all the nobel prizes that should have gone to austrian economists, or samuelson's letter to henry hazlitt thanking him for turning him on to economics by reading his article in viner's class in the early 1930s.   in a joint paper with rosolino candela dealing with the development of modern price theory we make this point about common-knowledge in economic education.  ultimately, my approach isn't a "sky is blue" capturing of all good economics under the label of austrian economics, in fact, the argument probably runs the other way --- good economics -- what i often call mainline economics, includes the ideas, concepts, attitudes that are reflected in the contributions of the austrian school of economics, but are not limited to those thinkers trained at the university of vienna in the 1870-1930 period.  the post-1950 austrian school, i would contend was part of the rediscovery and reconstruction of mainline economics alongside of developments such as property rights economics, law-and-economics, public choice economics, new institutional economics, and the varieties of market process economics.  lets take an extreme example of unexpected common ground -- read george stigler's "economics - the imperial science?", scandinavian journal of economics (1984) -- do you see an indictment of mises and his systems, or a modification and endorsement of mises?  how you answer that question, i contend will determine how you think about the relationship of the austrian school to the rest of economic science. back to boulding -- and keep in mind that this is the 2nd clark medalist (after samuelson) -- and he was known for his incorporation of ideas, concepts and tools from the natural sciences into social scientific analysis, yet look at his argument in the passages above, or read his review essay on samuelson's foundations in the jpe.  prychitko and i weren't the only ones to note the connection to the austrians --- our title is actually cribbed from a much more famous article that made boulding's career by frank knight, and our title actually reflects many long conversations with boulding precisely on this topic, who wrote several articles in his career on knowledge processing, subjectivism, and dynamic market adjustment and the evolution of systems. so my advice to young economist -- let your curiosity guide you, allow yourself to be intellectually seduced by the beauty of economic reasoning, look out the window, and work on topics where history seems to defy what logic dictates.  don't worry about fidelity to a "school of thought", but understand and respect what the "grand tradition" of the austrian school of economics and its methodological, analytical and practical implications for what it means to do "good" economics, political economy and social philosophy.  i am wiling to bet that you will find that in order to do "good" work you will turn to the writings of menger, bohm-bawerk, mises, schumpter, hayek, and kirzner and build them into your system of thought as you try to make your way as a social thinker and teacher. posted by peter boettke on january 24, 2017 at 11:43 am | permalink | comments (0) | duke 2017 summer institute in history of political economy |peter boettke| this is an outstanding program and i would strongly encourage anyone interested in economics, political economy and social philosophy to apply.  i would strongly encourage phd fellows at gmu and our adam smith fellows to see if the program fits into your schedule. here is a description from bruce caldwell: the center for the history of political economy at duke university will be hosting another summer institute on the history of economics this summer from june 4 - 16, 2017. the program is designed for students in graduate programs in economics, though students in graduate school in other fields as well as newly minted phd's will also be considered. students will be competitively selected and successful applicants will receive free housing and reading materials. the deadline for applying is march 3. travel stipends for those coming from afar will be considered on a case by case basis. we are very excited about this year's two week program, which has a somewhat different format from other years. the first week bruce caldwell will be the sole lecturer, and will present a mini-history of economic thought class, providing both content and tips on how to set up such a course. the second week is thematic. steve medema will present a history of the concept of market failure, and kevin hoover will present a history of macroeconomics. applicants may sign up for either week, or both. more information on the summer institute is available at our website, http://hope.econ.duke.edu/ and follow links to summer institute and how to apply.     posted by peter boettke on january 19, 2017 at 09:19 am | permalink | comments (0) | praxeology, history and foreign policy |peter boettke| in 1919 mises published nation, state and economy, where he utilized the tools of economic analysis to address questions related to foreign policy.  he would discuss foreign affairs again in works such as liberalism (1927) and omnipotent government (1944), and there are paragraphs found throughout human action (1949).  other colleagues of mises utilizing the tools of economic reasoning to assess the military and foreign policy include lionel robbins and oskar morgenstern.  in more recent years, robert higgs stands out for his work in this area. though over the last decade, chris coyne and his colleagues such as peter leeson, rachel mathers coyne, thomas duncan, adam pellillo and abigail hall blanco, have in journal articles and in books carved out the contemporary research program in this area.  last year (2016), the institute for humane studies released through their learn liberty series a set of videos discussing these issues featuring abigail hall blanco and chris coyne.  and, their forthcoming book, perfecting tyranny: foreign intervention and the loss of liberty at home (stanford university press) will be required reading for all concerned citizens.   posted by peter boettke on january 18, 2017 at 09:29 am | permalink | comments (0) | unsolved, unanswered, unasked, sins of commission, and sins of omission in economics, political economy and social philosophy |peter boettke| when i agreed to take over as editor of the review of austrian economics back in 1998, i argued that the intellectual market niche for austrian economics was to be found inside of the black-boxes of economics, political economy and social philosophy.  posted by peter boettke on january 17, 2017 at 12:08 pm | permalink | comments (0) | kelly green golf shoes, flour beetles, and publishing and promotion in economics |peter boettke| many years ago now, deirdre mccloskey published a wonderful paper about the intellectual state of the economics profession --- kelly green golf shoes and the intellectual range from m to n -- where she effectively bemoaned the mind-numbing conformity the profession was forcing upon its practitioners.  since that time matters have only gotten worse rather than better. thus, at the 2017 aea meeting there was a panel of some of the professions most important thinkers on the subject of publishing and promotion.  this is a must watch for anyone interested in economics. i am partial to mccloskey's discussion of nyu and to the remarks by angus deaton (at 1hour 21 min mark) about gmu, but the message is not dependent on my own particular experiences or values.  but instead the consequences of, as mccloskey says, when we all specialize in "being a pale imitation of mit."  this, of course, also buchanan's main point in his plea to "dare to be different".  as i have argued before in discussing his "dishwater of the orthodoxy", buchanan never wanted to excuse the dissenter of his professional obligations in the scientific community because he/she was an outlier, but also he never wanted those studying within his sphere of influence to imitate mit simply because mit was mit. it is time we stopped acting like flour beetles eating our young, and instead encouraged a diverse and dynamic discourse within the economics profession -- one that values books, and articles in non-top 5 journals, and alternative and new ways of communicating economic research and ideas within the community of social scientists and humanities. this will only happen if the older generation in control of publishing and promotion decisions says "enough is enough" and works to allow the bold and creative to contend and challenge the conventional wisdom in the science at a methodological, analytical, and - dare i say - an ideological level.  then we will have a vibrant and engaging discourse that will ignite the imaginations of the best and the brightest among our students, and unleash their curiosity to solve the most fascinating puzzles concerning the human condition. posted by peter boettke on january 16, 2017 at 04:51 pm | permalink | comments (1) | 2016: a year in a life |peter boettke| in december 2015 during a visit to institute for human sciences in vienna, i was asked to discuss future of american politics and the rise of populist movements.  with my great predictive capacity, i told my audience that they were jumping to conclusions.  the republican and democratic primaries had not even started and that soon the populist rhetoric would be tuned down, and the more middle-of-the-road candidates would emerge.  i was wrong, and i was wrong throughout most of 2016 in terms of predicting the mood of the country. but it wasn't just this country.  as 2016 started, i was in london and again asked a question about the upcoming brexit vote, and again i said, there is no turning the clock back and that globalization and cosmopolitanism was the future.  how wrong could i be again?! what makes matters worse is that i actually published a paper in the winter 2016 issue of the independent review that argued that nativist impulses and zero-sum thinking should give us pause in the genuinely optimistic slant that the economic way of thinking and the focus on the gains from trade and the gains from innovation that an entrepreneurial perspective would suggest.  so i should have known better than to be so confident in suggesting the the optimistic forces would outcompete the pessimistic ones.  to use the language of joel mokyr, there are "headwinds" and "tailwinds", and the "headwinds" of zero-sum and negative-sum thinking can be strong as to slow the progress that the prevailing "tailwinds" would otherwise suggest. i remain optimistic, but even more cautiously than before.  if 2016 taught me anything, it was that we economists should stick to our jobs as "students of civilization" as the founding members of the austrian school saw their intellectual mission. despite my rather pathetic record in political prediction, we at the hayek program had an excellent year in terms of publications of articles, books, and popular outlets.  one time dissertations of former students in our program became books with university presses, and some of those books became award winning works.  new dissertations were written, and new appointments earned by a new class of alumni.  articles, books, and essays.  we celebrated books published by richard wagner, erwin dekker, and virgil storr, stefanie haeffele-balch, and laura grube. we added roberta herzberg and ariella john to our faculty in the hayek program, and roger koppl is the hayek visiting professor for this academic year.  last year, which included spring 2016, was robert higgs. his conversation with chris coyne is a must listen to any serious student of political economy.  we also started a project on medium entitled "vienna circle" that using a multi-media platform to inform readers of the research activities of the hayek program. we also had several events that were very successful, including a conversation between deirdre mccloskey and don boudreaux, a lectures by israel kirzner on his life as an austrian economists, and another on the nature of the competitive market process, and a lecture by michael munger and a panel discussion with david schmidtz, barry weingast and luigi zingales to celebrate the receipt of the nobel prize in economics by james buchanan in 1986.  the library also officially announced the buchanan archive project with a ceremony, and then the university announced that two buildings at gmu would be named after our economic nobel prize winners --- vernon smith and james buchanan.  smith hall will be in arlington and will house both mercatus center and the interdisciplinary center for economic science, and buchanan hall will be in fairfax and will house the economics department and the f. a. hayek program of the mercatus center. in addition to my academic work in editing, publishing, and teaching*, i also coordinated the 2016 southern economic association meetings in my capacity as president-elect and by all reports the meetings were a great success with highlights being lectures from andrei shleifer, israel kirzner, deirdre mccloskey, vernon smith, and jim alm.  the annual society for the development of austrian economics meetings which meet in conjunction with the sea since its founding as an affiliated association had a great dinner with record attendance, honors going to paul lewis, deirdre mccloskey, and vernon smith, and a wonderful presidential address by edward stringham. in september, i also returned from the mont pelerin society general meetings with the surprise announcement that i was named president of mps for 2016-2018, which will take me to several different locations over the next few years. as for my travel schedule -- 2016 was a bit hectic, but it saw me travel to london and speak at iea, king's college, and do archive work at the lse.  i participated in both apee and hes annual conferences as well as the sea meetings.  i spoke at a variety of universities and colleges throughout the year. one of the most intellectually stimulating activity i am involved with is our adam smith fellows program at mercatus.  five years ago we began this program with 15 phd student from throughout the us, this year we have almost 100 fellows in getting their phds in elite universities throughout the us and europe.  these are serious young scholars in the humanities and social sciences are a constant source of inspiration for new ideas and new directions.  they devote themselves throughout the fellowship to a deep engagement with market process and spontaneous order theory, public choice and constitutional political economy, and the institutional analysis of development and polycentric systems. after grades were submitted and the offices were officially closed, i went into our offices and walked through the empty hallways as a way to reflect on what we have accomplished and what we have planned for the future.  i am so grateful to work with my great colleagues in the hayek program.  our phd fellows are dedicated students and aspiring professionals, and our staff works with enthusiasm and efficiency.  i have often be quoted as claiming that academic success for a research and teaching program requires three things: ideas, funding and positions.  i capitalize ideas because only if you have good ideas can you get off the ground as a research and teaching program.  but even the best ideas will go nowhere if there are no funds to support the efforts and/or if solid professional positions and a plan for professional advancements is limited for those that pursue these ideas.  but my typical presentation underestimates the #1 critical factor -- people.  you need high quality people to make a research program, and we have that.  we have the tools and mentality to be 'students of civilization" as our intellectual tradition demands. onwards and upwards for 2017.  ----------- *see my ssrn page or my homepage for pre-print papers, my cv and syllabi for classes taught. posted by peter boettke on december 29, 2016 at 06:24 pm | permalink | comments (1) | liberalism reconstructed for a world divided |peter boettke| so 2016 is limping to an end with an assassination of an ambassador, another "inspired" attack on innocents at a christmas market, and the formal election of a master crony-capitalist to the office of the presidency of the united states.  we have angry tweets, mean tweets, and self-congratulatory tweets defining our age.  but our age requires something different. the liberal project must be reconstructed for a world divided by ethnic, linguistic, religious, nationalist, and economic class.  the liberal project has always been an evolving project, not fixed in time.  it has taken on different meanings at different historical junctures.  now is no different, and to do the necessary reconstruction, there must be no divide between the humanities and the social sciences.  philosophy without economics is daydreaming, and economics without philosophy has no purpose, and both without politics are sterile intellectual exercises. in this reconstruction, we may draw inspiration from smith and hume, mises and hayek, friedman and buchanan, nozick, etc., but repeating their answers to the problems of their day will not work.  we live in the post-colonial and post-communist era, where the neoconservative project of a 'world order' has only exacerbated the social tensions that define our age.   this post is designed for one purpose -- to encourage young scholars of classical liberalism -- be they philosophers, political scientists, economists, historians, sociologists, etc. -- to pick up this challenge and apply all their talents to be students of our civilization.  if the best and the brightest don't pick up the challenge because of academic conformity methodologically, analytically, ideologically, then the necessary reconstruction will not occur.  note i am not saying "restatement", i am saying reconstruction.   my career as an academic political economist began with studying the history, collapse and transition from socialism in the former soviet union, it then switched to the institutional lessons to be learned from the failure of development planning in africa, latin america and asia.  this has led to studies on economic calculation and complex coordination; institutional infrastructure and economic development; endogenous rule formation and analytical anarchism; and social epistemology and comparative institutional analysis.  but, these are at best inputs into a study that seeks to addresses the problems that plague our world and the reconstructed liberal project. we have serious problems that require serious attention.  let's get to work. posted by peter boettke on december 20, 2016 at 10:59 am | permalink | comments (1) | next » search our websites chris coyne dave prychitko frederic sautet pete boettke peter t. leeson steve horwitz our books professor peter t. leeson: anarchy unbound: why self-governance works better than you think (cambridge studies in economics, choice, and society) peter j. boettke: living economics: yesterday, today, and tomorrow christopher coyne: doing bad by doing good: why humanitarian action fails paul heyne, peter boettke, david prychitko: economic way of thinking, the (12th edition) steven horwitz: microfoundations and macroeconomics: an austrian perspective boettke & aligica: challenging institutional analysis and development: the bloomington school coyne & leeson: media, development, and institutional change (new thinking in political economy series) peter t. leeson: the invisible hook: the hidden economics of pirates christopher coyne: after war: the political economy of exporting democracy (stanford economics & finance) philippe lacoude and frederic sautet (eds.): action ou taxation peter boettke and david prytchitko: market process theories peter boettke (ed.): the legacy of friedrich von hayek peter boettke: the political economy of soviet socialism: the formative years, 1918-1928 peter boettke: calculation and coordination: essays on socialism and transitional political economy frederic sautet: an entrepreneurial theory of the firm peter boettke & peter leeson (eds.): the legacy of ludwig von mises peter boettke: why perestroika failed: the politics and economics of socialist transformation peter boettke (ed.): the elgar companion to austrian economics


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