Russell Roberts
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Bibliography
Bibliography Archival Insights into the Evolution of Economics (and Related Projects) Berlet, C. (2017). Hayek, Mises, and the Iron Rule of Unintended Consequences. In R. Leeson (Ed.), Hayek a Collaborative Biography Part IX: Te Divine Right of the ‘Free’ Market. Basingstoke, UK: Palgrave Macmillan. Farrant, A., & McPhail, E. (2017). Hayek, Tatcher, and the Muddle of the Middle. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part IX the Divine Right of the Market. Basingstoke, UK: Palgrave Macmillan. Filip, B. (2018a). Hayek on Limited Democracy, Dictatorships and the ‘Free’ Market: An Interview in Argentina, 1977. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, England: Palgrave Macmillan. Filip, B. (2018b). Hayek and Popper on Piecemeal Engineering and Ordo- Liberalism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIV: Orwell, Popper, Humboldt and Polanyi. Basingstoke, UK: Palgrave Macmillan. Friedman, M. F. (2017 [1991]). Say ‘No’ to Intolerance. In R. Leeson & C. Palm (Eds.), Milton Friedman on Freedom. Stanford, CA: Hoover Institution Press. © Te Editor(s) (if applicable) and Te Author(s) 2019 609 R. Leeson, Hayek: A Collaborative Biography, Archival Insights into the Evolution of Economics, https://doi.org/10.1007/978-3-319-78069-6 610 Bibliography Glasner, D. (2018). Hayek, Gold, Defation and Nihilism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, UK: Palgrave Macmillan. Goldschmidt, N., & Hesse, J.-O. (2013). Eucken, Hayek, and the Road to Serfdom. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part I Infuences, from Mises to Bartley. -
The Mont Pelerin Society
A SPECIAL MEETING THE MONT PELERIN SOCIETY JANUARY 15–17, 2020 FROM THE PAST TO THE FUTURE: IDEAS AND ACTIONS FOR A FREE SOCIETY CHAPTER THIRTY-FOUR MAKING THE CASE FOR LIBERTY RUSSELL ROBERTS HOOVER INSTITUTION • STANFORD UNIVERSITY 1 1 MAKING THE CASE FOR LIBERTY Prepared for the January 2020 Mont Pelerin Society Meeting Hoover Institution, Stanford University Russ Roberts John and Jean De Nault Research Fellow Hoover Institution Stanford University [email protected] 1 2 According to many economists and pundits, we are living under the dominion of Milton Friedman’s free market, neoliberal worldview. Such is the claim of the recent book, The Economists’ Hour by Binyamin Applebaum. He blames the policy prescriptions of free- market economists for slower growth, inequality, and declining life expectancy. The most important figure in this seemingly disastrous intellectual revolution? “Milton Friedman, an elfin libertarian…Friedman offered an appealingly simple answer for the nation’s problems: Government should get out of the way.” A similar judgment is delivered in a recent article in the Boston Review by Suresh Naidu, Dani Rodrik, and Gabriel Zucman: Leading economists such as Friedrich Hayek and Milton Friedman were among the founders of the Mont Pelerin Society, the influential group of intellectuals whose advocacy of markets and hostility to government intervention proved highly effective in reshaping the policy landscape after 1980. Deregulation, financialization, dismantling of the welfare state, deinstitutionalization of labor markets, reduction in corporate and progressive taxation, and the pursuit of hyper-globalization—the culprits behind rising inequalities—all seem to be rooted in conventional economic doctrines. -
Annual Proceedings of the Wealth and Well-Being of Nations
The Wealth and Well-Being of Nations of Nations Well-Being and Wealth The • Deirdre McCloskey Deirdre Contributors The Annual Proceedings of Deirdre Nansen McCloskey Joel Mokyr Jan Osborn Bart J. Wilson IX Volume 2016-2017 • Gus P. Gradinger Stephen T. Ziliak Emily Chamlee-Wright The Wealth and Well-Being of Nations Joshua C. Hall Seung (Ginny) Choi Virgil Henry Storr Bob Elder 2016-2017 Laura E. Grube Chuck Lewis Catherine M. Orr Department of Economics Volume IX: Bourgeois Virtues and the Great Enrichment: The Ideas and Influence of Deirdre Nansen McCloskey Warren Bruce Palmer, Editor The Miller Upton Program at Beloit College he Wealth and Well-Being of Nations was Testablished to honor Miller Upton, Beloit College’s sixth president. This annual forum provides our students and the wider community the opportunity to engage with some of the leading intellectual figures of our time. The forum is complemented by a suite of programs that enhance student and faculty engagement in the ideas and institutions that lay at the foundation of free and prosperous societies. Senior Seminar on The Wealth and Well-Being of Nations: ach year, seniors in the department of economics participate in a semester- Elong course that is built around the ideas and influence of that year’s Upton Scholar. By the time the Upton Scholar arrives in October, students will have read several of his or her books and research by other scholars that has been influenced by these writings. This advanced preparation provides students the rare opportunity to engage with a leading intellectual figure on a substantive and scholarly level. -
Trade Deficits and Jobs
Trade Deficits and Jobs August 2008 Russell Roberts roberts@gm u.edu George M ason University http://www.cafehayek.com http://www.econtalk.org http://www.m ercatus.org www.mercatus.org A Persistent and Growing Merchandise Trade Deficit U.S. Merchandise Trade Balance, 1960-2005 (billions of dollars) 1968 1970 1986 1972 1988 1974 1990 1960 1976 1992 1962 1978 1994 1964 1980 1996 1966 1982 1998 1984 2000 2002 2004 100 0 -100 -200 -300 -400 -500 -600 -700 -800 -900 Source: BEA, http://bea.gov/bea/di/table1.xls • Merchandise trade balance—exports of goods minus imports of goods • I have tried to make it as scary as possible: • Excludes services (America exports more services than it imports since 1971) • Not deflated by either the price level or the size of the economy • Until 1976, roughly zero—sometimes positive or sometimes negative but always somewhat small. • Beginning in 1976, U.S. has run a trade deficit every single year • Since 1976, U.S. has imported $6 TRILLION worth of goods more than it has exported. 2 proportionofthepopulationworkingisalsohigher after1976thanbefore. • Economyproducesjobsforpeoplewhowant them. Populationishigherbutthe • Tradeaffectsthekindofjobsineconomy,notnumbers tradedeficits • In2005,over40millionmorejobsthanin1976,thebeginningofpersistent,growing • Recessionsreducenumberofjobs—otherwise,steadygrowth • Noobviousimpactoftradedeficitsonemployment Source: BLS,CurrentEmploymentStatistics,SeriesId:CEU0000000001 100 120 140 160 20 40 60 80 0 1939 1941 1943 Little orNoImpactofTradeDeficitonJobs 1945 1947 1949 1951 -
CV in PDF Format
PROFESSOR TODD J. ZYWICKI GEORGE MASON UNIVERSITY FOUNDATION PROFESSOR OF LAW GEORGE MASON UNIVERSITY SCHOOL OF LAW 3301 N. FAIRFAX DR. ARLINGTON, VA 22201 703-993-9484 [email protected] Web Page: http://mason.gmu.edu/~tzywick2/ PUBLICATIONS BOOKS CONSUMER CREDIT AND THE AMERICAN ECONOMY (with Thomas Durkin, Gregory Elliehausen, and Michael Staten), (Oxford University Press, 2014). PUBLIC CHOICE CONCEPTS AND APPLICATIONS IN LAW (with Maxwell Stearns) (West Publishing, 2009). Editor, The Rule of Law, Freedom, and Prosperity, 10 SUPREME COURT ECONOMIC REVIEW (Chicago: University of Chicago Press, 2003. 278 pp. ISBN: 0-226-99962-9). • Reviewed by Professor William A. Fischel, 14(6) LAW AND POLITICS BOOK REV. 493-97 (June 2004). ARTICLES AND BOOK CHAPTERS Bruno Leoni's Legacy and Continued Relevance, __ J. PRIVATE ENTERPRISE __ (Forthcoming 2015). Commentary on CFPB Report: Data Point: Checking Account Overdraft (with G. Michael Flores). Price Controls on Payment Card Interchange Fees: The U.S. Experience (with Geoffrey Manne and Julian Morris), ICLE Financial Regulatory Research Program White Paper 2014-2 (2014). Behavior, Paternalism, and Policy: Evaluating Consumer Financial Protection, __ NYU J. L. & LIBERTY __ (forthcoming 2014). Keynote Address: Is There a George Mason School of Law and Economics? __ J. LAW, ECONOMICS & POLICY __ (Forthcoming 2014). Uncertainty, Evolution, and Behavioral Economic Theory (with Geoffrey Manne), __ J. LAW, ECONOMICS & POLICY __ (Forthcoming 2014). Overdraft Protection and Consumer Protection: A Critique of the CFPB's Analysis of Overdraft Programs (with G. Michael Flores and Brian M. Deignan), 33(3) BANKING AND FINANCIAL SERVICES POLICY REPORT 10 (March 2014). The Consumer Financial Protection Bureau, in PERSPECTIVES ON DODD-FRANK AND FINANCE (Forthcoming 2014, MIT Press). -
In Adam Smith's Invisible Hands: Comment on Gavin Kennedy
KLEIN Econ Journal Watch Volume 6, Number 2 May 2009, pp 264-279 In Adam Smith’s Invisible Hands: Comment on Gavin Kennedy Daniel B. Klein1 ABSTR A C T In preface, I should tell the reader that Professor Gavin Kennedy and I met and hit it off at the January 2009 International Adam Smith Society conference held at Balliol College, Oxford, commemorating the 250th anniversary of The Theory of Moral Sentiments. There Gavin and I discussed whether this Journal, of which I am editor, might publish his essay along with a dissenting opinion. As we went forward, we agreed that I would author the dissent. I am grateful to Gavin for his valuable instruction and cooperation in the shared aim of producing an exchange on the phrase invisible hand in Smith’s writings. The Journal invites Gavin to rejoin and conclude the exchange in a future issue. Peter Minowitz (2004, 411) concludes his essay, “Adam Smith’s Invisible Hands” with the following words: “Centuries after Smith’s death, we are still struggling to fathom a two-word phrase that stands out in a thousand-page book.” Such struggling has been misplaced, according to Professor Gavin Kennedy. Abstain from the struggling, for the two-word phrase is an incidental metaphor in Smith’s writings; it deserves no currency as tag for the prosaic workings of markets, even less for rarified workings untrue to Smith. In his erudite, plain-spoken, challenging essay, Gavin suggests that the metaphor had no very special significance; that its occurrence in the Astronomy differs irreconcilably from that in The Theory of Moral Sentiments and Wealth of Nations. -
Syllabus Review, Introductions
Urban and Regional Economic Development, 90-743 Spring 2021 Version 1.0, January 30, 2021 Time: Tuesdays and Thursdays 3:10-4:30PM Instructor Location: Online through February 12 Christopher Briem Office Hours: Group online Mondays 4-5:30pm E-mail use: [email protected] (starting Feb 6) Office/voicemail: 412.624.3791 Individual appts: Fridays 3-6pm Cell: 412.363.7498 Course Description The course will introduce students to the theory and practice of economic development in the United States. An introduction to basic analytic techniques used by both researchers and economic development practitioners will be coupled with a broad overview of the research literature in the fields of urban and regional economics. Emphasis will be placed on the public sector’s role in promoting economic development and public policy at the federal, state and local levels that are focused on improving economic conditions for people, places and regions. Optional readings will focus on Pittsburgh’s economic development and regional economic change since WWII. Upon successful completion of this course you should be able to: Explain economic theories explaining the location of economic activities and the growth or decline of regional economies at the state, metropolitan and local level. To include, but not limited to industry cluster theory, the role of human capital, place-based vs person-based economic development approaches. Critique the theories and methods of regional economic development in their application to a region. Understand key data sources and their limitations for use in local and regional analysis. Examine regional and local economies using critical analytical methods like shift share, location quotients, and comparative analysis. -
Exploring Inequality
SMU McLane/Armentrout/Bridwell Scholars Reading Groups Fall 2020 Syllabus Exploring Inequality Tues./Wed.: Dean Stansel, Ph.D., Senior Research Fellow [email protected], office: 214-768-3492 Mon./Fri.: Meg Tuszynski, Ph.D., Research Fellow & Assistant Director [email protected], office: 214-768-3170 O’Neil Center for Global Markets & Freedom (www.oneilcenter.org) Cox School of Business, Crow 282 Meeting Times. Our meetings will be held on Mondays (Bridwell), Tuesdays (McLane), and Wednesdays (Armentrout) at 6-7 pm (Central time), and Fridays (Armentrout) at 11am-noon (Central time) online via Zoom. All four groups have the same readings. Attendance is required. Your attendance and active participation are required. We will have 10 regular meetings plus a joint reading group summit with the students from similar reading groups at Baylor, Texas Tech, Angelo State, and University of Central Arkansas. That event will be held online via Zoom on the morning of Sat. Oct. 17 and is a required part of the program. You will not be paid the $1000 stipend if you do not attend. You are required to attend all 10 weekly meetings. However, if you have an unavoidable conflict, we do have limited flexibility, with advance notice, for you to switch nights if you cannot attend on your regular reading group night (i.e., if you can’t make one of your regular Monday night meetings, you can instead attend on Tuesday, Wednesday, or Friday that week and vice-versa). In addition, the O’Neil Center hosts several guest speakers throughout the semester. Those will all be online this semester. -
Laissez-Faire File Sharing
Laissez-faire file sharing Access control designed for individuals at the endpoints Maritza L. Johnson Steven M. Bellovin Columbia University Columbia University [email protected] [email protected] Robert W. Reeder Stuart E. Schechter Microsoft Microsoft Research [email protected] [email protected] ABSTRACT 1. INTRODUCTION When organizations deploy file systems with access con- Despite decades of research into shared file systems, email trol mechanisms that prevent users from reliably sharing remains an enormously popular way to share files. Prior files with others, these users will inevitably find alternative research has shown that email is used more frequently than means to share. Alas, these alternatives rarely provide the other sharing mechanisms [5, 29] and that many users choose same level of confidentiality, integrity, or auditability pro- email as their primary sharing mechanism [31]. Our anecdo- vided by the prescribed file systems. Thus, the imposition tal experiences at Microsoft align with these findings; even of restrictive mechanisms and policies by system designers those individuals and groups we work with that primarily and administrators may actually reduce the system’s secu- use shared file systems (shared folders or SharePoint) in- rity. evitably resort to email attachments when access controls We observe that the failure modes of file systems that en- interfere with sharing. force centrally-imposed access control policies are similar to Like many before us, we set out to enumerate the user re- the failure modes of centrally-planned economies: individu- quirements that lead users to circumvent the file sharing sys- als either learn to circumvent these restrictions as matters of tems prescribed by their organizations. -
Pol S 270 Introduction to Political Economy
Pol S 270 Introduction to Political Economy Department of Political Science University of Washington Summer 2017 Instructor information Course information Instructor: Yu Sasaki Class meets: Monday & Wednesday, 12:00–14:10 Office hours: Tuesday, 14:00–16:00 Class location: DEN 258 Office location: Smith 43 Course website on Canvas E-mail: [email protected] Course Statement Political economy is the study of the efficient allocation of scarce resources. In this course, we make afew simple assumptions based on the study of economics: First, actors always want to maximize their own welfare while reducing its cost to a minimum. Second, actors always face constraints—financial, time, resources, power, to name but a few—upon making their decisions. Actors, therefore, always make a tradeoff in making their decisions. Based on these assumptions, we will examine a wide variety of questions from politics, the economy, and society. For instance, when it comes to alleviating poverty in Africa, what are some of the most cost-effective (or the “best”) ways to do so? Should government leaders cut checks for individual citizens? Should we instead distribute school uniforms to encourage children to go to school? Or should we introduce universal basic income to guarantee everyone with a minimum pay no matter what? Which policy is likely to yield greater income-generating behavior? Political economy provides powerful and useful perspectives to address these questions. The course has two broad tasks. First, it introduces students to basic analytical concepts of political economy. More specifically, the course stresses the principles of rational choice and explores a variety of applications to not just economic decisions in everyday life but also pressing political questions. -
Economics 10: Personal Financial Literacy April 6 - April 10 Time Allotment: 20 Minutes Per Day
Economics 10: Personal Financial Literacy April 6 - April 10 Time Allotment: 20 minutes per day Student Name: ________________________________ Teacher Name: ________________________________ Economics 10: Rise of Capitalism April 6 – April 10 Packet Overview Date Objective(s) Page Number Monday, April 6 1. Explain Adam Smith’s arguments regarding the 3 benefits of Division of Labor 2. Explain Adam Smith’s arguments regarding why people trade Tuesday, April 7 Explain difference between comparative advantage and 6 absolute advantage Wednesday, April 8 Use a PPF in exploring the difference between 9 comparative advantage and absolute advantage Thursday, April 9 Use a PPF in exploring the difference between 13 comparative advantage and absolute advantage ***Quiz*** Friday, April 10 ***Scheduled Day Off*** 15 Additional Notes: We pick back up with where we left off before Spring Break. We started studying the rise of Capitalism, with arguably the most influential writer on economics, Adam Smith. This week, we will continue our study of Adam Smith and also study another famous economist, David Ricardo, whose writings and insights on international trade still dominate today. As you will, I am supplementing the daily readings and questions with videos to provide greater background and context to some of the concepts we are studying. They are relatively brief, but will help with the lesson and hopefully serve as a means for further exploration. And starting this week we will now have “Office Hours” via Zoom! The full schedule is below but since Economics was during Period 6, on Tuesday and Thursday from 1-1:50 you can connect with me via Zoom to ask questions, discuss concepts etc.. -
Introduction to Political Economy Econ 119 / Poli 145 Fall 2012
Introduction to Political Economy Econ 119 / Poli 145 Fall 2012 M-W 10:05-11:20 a.m. Class: White Lecture Hall Prof. Michael Munger [email protected] Office: Perkins 338 cell phone (emergencies only!): 919 369 6453 Office Hours: • Immediately after class, in Trinity Cafe • Tuesday 1:30-3:00 pm in Perkins 338 Teaching Assistant: Anna Schultz email: [email protected] Overview: This course serves three distinct purposes. • The course is an introduction to economics for non-majors. It is a self-contained and non- technical overview of the history of economic thought, the logic of microeconomic analysis, and the definitions of everyday terms and concepts in the macro economy. Consequently, it counts as a stand-alone Social Science credit, but it does not count toward an Economics major. If you are thinking of an Economics major, this class is a waste of your time. Get the math prereq’s out of the way and then take Econ 51 instead. • It is an introduction to the history of the notion of a political economy, with an emphasis on the moral and ethical problems that markets solve, and also those that markets fail to solve. Consequently it carries an Ethical Inquiry (EI) course credit. • It is a bridge to more advanced courses in philosophy, politics, and economics for the student who wants to sample these disciplines without committing to several semesters of coursework. Prerequisites: There are no prerequisites except for high school mathematics. On the other hand, the reading and studying commitments involved in this course are extensive.