DOCSLIB.ORG

Peter J. Boettke

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Peter J. Boettke PETER J. BOETTKE BB&T Professor for the Study of Capitalism, Mercatus Center at George Mason University, & University Professor of Economics and Philosophy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Tel: 703-993-1149 Fax: 703-993-1133 Web: http://www.peter-boettke.com http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=182652 http://www.coordinationproblem.org PERSONAL Date of birth: January 3, 1960 Nationality: United States EDUCATION Ph.D. in Economics, George Mason University, January, 1989 M.A. in Economics, George Mason University, January, 1987 B.A. in Economics, Grove City College, May, 1983 TITLE OF DOCTORAL THESIS: The Political Economy of Soviet Socialism, 1918-1928 PROFESSIONAL EXPERIENCE Academic Positions 1987 –88 Visiting Assistant Professor, Department of Economics, George Mason University 1988 –90 Assistant Professor, Department of Economics, School of Business Administration, Oakland University, Rochester, MI 48309 1990 –97 Assistant Professor, Department of Economics, New York University, New York, NY 10003 1997 –98 Associate Professor, Department of Economics and Finance, School of Business, Manhattan College, Riverdale, NY 10471 1998 – 2003 Associate Professor, Department of Economics, George Mason University, Fairfax, VA 22030 (tenured Fall 2000) 2003 –07 Professor, Department of Economics, George Mason University, Fairfax, VA 22030 2007 – University Professor, George Mason University 2011 – Affiliate Faculty, Department of Philosophy, George Mason University FIELDS OF INTEREST Market Process Theory, Comparative Political Economy, History of Economic Thought and Methodology, Economic Development, Economic Methodology, Austrian Economics, Political Economy, Informal Institutions AWARDS AND GRANTS Awards, Prizes and Honors 2012 Doctorate honoris causa in Social Sciences, Universidad Francisco Marroquin 2011 Certificate of Appreciation for 2010-2011 ASC Keynote Address: “The Tasks of Economic Education,” The Adam Smith Club, Campbell University 2011 Franz Čuhel Memorial Prize for Excellence in Economic Education, CEVRO Institut, Prague, Czech Republic 2010 Distinguished Alumni Award, George Mason University College of Humanities and Social Sciences 2010 Adam Smith Award, Association of Private Enterprise Education 2009 Faculty Member of the Year Award, George Mason University Alumni Association 2006 Sir Ronald Trotter Lecture, Wellington, New Zealand 2005 Jack Kennedy Award for Alumni Achievement, Grove City College 2005 Charles Koch Distinguished Alumnus, The Institute for Humane Studies 2005 Distinguished Scholar Award, Association of Private Enterprise Education 2002 Templeton Guest Lecture, Bucharest, Romania 1999 & 2001 Templeton Foundation Freedom Project for Course Design 2000 Templeton Foundation for the Advanced Study of Freedom (Galway, Ireland) 1999 Templeton Foundation for the Advanced Study of Freedom (Newport, Rhode Island) 1999 Smith Prize, Society for the Development of Austrian Economics 1998 Henry George Distinguished Lecture, St. John’s University 1998 Bowman Distinguished Lecture, Indiana Wesleyan University 1995 Otto Eckstein Prize, Eastern Economic Association (Honorable Mention) 1995 Golden Dozen Teaching Award, New York University 1995 Visiting Scholar, Hoover Institution on War, Revolution and Peace, Stanford University 1994 The Mont Pelerin Society. International paper competition on the legacy of F. A. Hayek (First Prize) 1993 Visiting Professor, Central European University, Prague, CZ 1993 Visiting Scholar, The Institute for International Political and Economic Studies Russian Academy of Sciences, Moscow 1992 Summer Faculty Seminar on Economy and Culture, Institute for the Study of Economic Culture, Boston University 1992 AEA Meetings, Association for Comparative Economic Studies Paper Competition (First Prize) 1989 William P. Snavely Award for Outstanding Achievement for Graduate Studies in Economics, George Mason University 1988 AEA Meetings, Omicron Delta Epsilon Graduate Student Paper Competition (Winner) 1983 Graduated with High Honors in Economics, Grove City College Fellowships 2011 Fulbright Commission Scholarship, CEVRO Institute, Prague, Czech Republic 2004, 2006 F.A. Hayek Fellow, London School of Economics 2000- 02 Faculty Summer Fellow, Charles University/Georgetown University 2001 Faculty Fellow, Stockholm School of Economics 1997 Faculty Fellow, Max Planck Institute for Research Into Economic Systems 1994 F.A. Hayek Fellowship Award, The Mont Pelerin Society 1992-93 National Fellow, Hoover Institution on War, Revolution and Peace, Stanford University 1990 Oakland University Faculty Summer Research Fellowship 1989 School of Business Administration, Oakland University, Summer Research Fellowship 1988 Dissertation Fellowship, George Mason University 1986-89, 93 F. A. Hayek Fund for Scholars Research Grant, Institute for Humane Studies at George Mason University 1984-87 Claude R. Lambe Research Fellowship, The Center for the Study of Market Processes, George Mason University Grants 2000- H.B. Earhart Foundation, grant for dissertation fellowship 2000- Oloffson/Weaver Family, grant for dissertation fellowship 1998- Program in Philosophy, Politics and Economics, Kaplan Foundation 1992-93 Faculty Research Grant, Earhart Foundation ACADEMIC PUBLICATIONS Authored Books nd 1. Institutional Economics: Property, Competition, Policies, 2 ed.: Cheltenham, UK: Edward Elgar Publishing, 2012. (co-authored with Wolfgang Kasper and Manfred E. Streit) 2. Living Economics: Yesterday, Today and Tomorrow. Oakland, CA: The Independent Institute and Universidad Francisco Marroquin, 2012. 3. Robustní Politická Ekonomie pro 21. Století. Prague, Czech Republic: CEVRO Institut Academic Press, 2011. 4. Context Matters: Institutions and Entrepreneurship. In Zoltan Acs & David Audretsch, eds. Foundations & Trends in Entrepreneurship series. Now Publishers, 2009. (co- authored with Chris Coyne) 5. Challenging Institutional Analysis and Development: The Bloomington School. New York: Routledge, 2009. (co-authored with Paul Dragos Aligica) th th th 6. The Economic Way of Thinking, 10 ed., 2002; 11 ed., 2005; 12 ed., 2009. New Jersey: Prentice Hall, 527pp. (with Paul Heyne [original author] and David Prychitko, preface by Douglass North). 7. The Battle of Ideas: Economics and the Struggle for a Better World. (The Sir Ronald Trotter Lecture). Wellington, NZ: NZBR, 2007. 8. Is an Independent Non-Profit Sector Prone to Failure? In Lenore Ealy, ed. Conversations in Philanthropy series. Indianapolis, IN: The Philanthropic Enterprise, 2004 (co-authored with David Prychitko) 9. Calculation & Coordination: Essays on Socialism and Transitional Political Economy. In Mario Rizzo and Lawrence H. White, eds. Foundations of the Market Economy series (London: Routledge, 2001), 352pp. 10. Why Perestroika Failed: The Politics and Economics of Socialist Transformation (London: Routledge, 1993), 199pp. 11. The Political Economy of Soviet Socialism: The Formative Years, 1918-1928 (Boston: Kluwer Academic Publishers, 1990), 246pp. Edited Books Edited with an introduction and conclusion. Handbook on Contemporary Austrian Economics. (Cheltenham: Edward Elgar Publishing, Inc., 2010.) Edited, with an introduction. The Legacy of Ludwig von Mises: Theory and History, 2 volumes. In Steven Medema, ed. Intellectual Legacies in Modern Economics series (Aldershot, UK: Edward Elgar Publishing, 2006). (Co-editor Peter Leeson). Edited, with an introduction. Socialism and the Market: The Socialist Calculation Debate Revisited, 9 volumes (London: Routledge, 2000). Edited, with an introduction. The Legacy of F. A. Hayek: Politics, Philosophy and Economics, 3 volumes. In Steven Medema, ed. Intellectual Legacies in Modern Economics series (Aldershot: Edward Elgar Publishing, 2000). Edited, with an introduction. Market Process Theories, 2 volumes. In Mark Blaug, ed. The International Library of Critical Writings in Economics series (Aldershot: Edward Elgar Publishing, 1998). (Co-editor, David L. Prychitko). Edited, with an introduction and conclusion. The Elgar Companion to Austrian Economics (Aldershot: Edward Elgar Publishing, 1994), 628pp. Edited, with an introduction. The Collapse of Development Planning. In Mario Rizzo, ed. The Political Economy of the Austrian School series (New York: New York University Press, 1994), 334pp. Edited, with an introduction and conclusion. The Market Process: Essays in Contemporary Austrian Economics (Aldershot: Edward Elgar Publishing, 1994), 320pp. (Co-editor, David L. Prychitko). Journal Articles “Neoliberalism, Race, and the American Welfare State: A Discussion of Joe Soss, Richard C. Fording, and Sanford F. Schram’s Disciplining the Poor: Neoliberal Paternalism and the Persistent Power of Race.” Perspectives on Politics, forthcoming. “The Impact of Nobel Prize Winners in Economics: Mainline vs. Mainstream.” American Journal of Economics and Sociology, forthcoming (co-authored with Alexander Fink and Daniel J. Smith) “A Behavioral Approach to the Political and Economic Inquiry into the Nature and Causes of the Wealth of Nations.” Journal of Socio-Economics, forthcoming "The Servants of Obama's Machinery: F.A. Hayek's The Road to Serfdom Revisited?-- A Reply." Eastern Economic Journal, 2012, vol. 38, no. 4, pp. 428-433 (co-authored with Nicholas Snow) “Quasimarket Failure.” Public Choice, 2011, vol. 149, no. 1-2, pp. 209-224 (co- authored with Peter Leeson and Christopher Coyne) “How Can We Avoid Closed-ended and Single Exit Theories in Economics
Load more

Recommended publications
  • Scott A. Beaulier, Ph.D
    Last Updated: 12.2017 Scott A. Beaulier, Ph.D. North Dakota State www.scottbeaulier.com [email protected] University Dean of the College of Business (701) 231-8978 Fargo, ND 5810 Positions North Dakota State University Dean of the College of Business Present Arizona State University Executive Director of the Center for the Study of Economic Liberty 2015-2016 Troy University Executive Director of Manuel H. Johnson Center for Political Economy 2010 -2014 Adams-Bibby Chair of Free Enterprise 2010-2014 Division of Economics and Finance Chair 2012-2014 Discipline Coordinating Committee (DCC) Chair of Economics 2010-2014 Associate Professor of Economics 2010-2014 Mercer University BB&T Distinguished Professor of Capitalism 2009- 2010 Director of Center for Undergraduate Research in Public Policy & Capitalism 2009-2010 Economics Department Chair 2008-2010 Associate Professor of Economics 2010-2010 Assistant Professor of Economics 2004-2010 Beloit College Assistant Professor of Economics 2007-2008 Other Affiliations Dakota Medical Foundation 2017-Present ● Member Fargo Public Library 2017-Present ● Board Member Plains Art Museum Finance Committee 2017-Present ● Chair Institute for Humane Studies 2012-Present ● Board of Directors Member Foundation for Economic Education 2012-Present ● Board of Scholars Member Mont Pelerin Society 2011-Present ● Member Journal of Entrepreneurship & Public Policy 2011-Present ● Editorial Board Member American Energy Alliance 2009-2017 ● Board Member RealClearMarkets 2014-2016 ● Contributor Al.com/Birmingham News 2013-2014 ● Contributor The Laffer Center for Global Economic Growth, 2009-2010 ● Faculty Director and Distinguished Fellow Center for the Teaching of America’s Western Foundations 2009-2010 ● Faculty Affiliate Education George Mason University Ph.D.
    [Show full text]
  • A Hayekian Theory of Social Justice
    A HAYEKIAN THEORY OF SOCIAL JUSTICE Samuel Taylor Morison* As Justice gives every Man a Title to the product of his honest Industry, and the fair Acquisitions of his Ancestors descended to him; so Charity gives every Man a Title to so much of another’s Plenty, as will keep him from ex- tream want, where he has no means to subsist otherwise. – John Locke1 I. Introduction The purpose of this essay is to critically examine Friedrich Hayek’s broadside against the conceptual intelligibility of the theory of social or distributive justice. This theme first appears in Hayek’s work in his famous political tract, The Road to Serfdom (1944), and later in The Constitution of Liberty (1960), but he developed the argument at greatest length in his major work in political philosophy, the trilogy entitled Law, Legis- lation, and Liberty (1973-79). Given that Hayek subtitled the second volume of this work The Mirage of Social Justice,2 it might seem counterintuitive or perhaps even ab- surd to suggest the existence of a genuinely Hayekian theory of social justice. Not- withstanding the rhetorical tenor of some of his remarks, however, Hayek’s actual con- clusions are characteristically even-tempered, which, I shall argue, leaves open the possibility of a revisionist account of the matter. As Hayek understands the term, “social justice” usually refers to the inten- tional doling out of economic rewards by the government, “some pattern of remunera- tion based on the assessment of the performance or the needs of different individuals * Attorney-Advisor, Office of the Pardon Attorney, United States Department of Justice, Washington, D.C.; e- mail: [email protected].
    [Show full text]
  • An Analysis of a Consumption Tax for California
    An Analysis of a Consumption Tax for California 1 Fred E. Foldvary, Colleen E. Haight, and Annette Nellen The authors conducted this study at the request of the California Senate Office of Research (SOR). This report presents the authors’ opinions and findings, which are not necessarily endorsed by the SOR. 1 Dr. Fred E. Foldvary, Lecturer, Economics Department, San Jose State University, [email protected]; Dr. Colleen E. Haight, Associate Professor and Chair, Economics Department, San Jose State University, [email protected]; Dr. Annette Nellen, Professor, Lucas College of Business, San Jose State University, [email protected]. The authors wish to thank the Center for California Studies at California State University, Sacramento for their [email protected]; Dr. Colleen E. Haight, Associate Professor and Chair, Economics Department, San Jose State University, [email protected]; Dr. Annette Nellen, Professor, Lucas College of Business, San Jose State University, [email protected]. The authors wish to thank the Center for California Studies at California State University, Sacramento for their funding. Executive Summary This study attempts to answer the question: should California broaden its use of a consumption tax, and if so, how? In considering this question, we must also consider the ultimate purpose of a system of taxation: namely to raise sufficient revenues to support the spending goals of the state in the most efficient manner. Recent tax reform proposals in California have included a business net receipts tax (BNRT), as well as a more comprehensive sales tax. However, though the timing is right, given the increasingly global and digital nature of California’s economy, the recent 2008 recession tabled the discussion in favor of more urgent matters.
    [Show full text]
  • Public Choice and Public Health
    Public Choice https://doi.org/10.1007/s11127-021-00900-2 Public choice and public health Peter T. Leeson1 · Henry A. Thompson1 Received: 3 March 2021 / Accepted: 12 March 2021 © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021 Abstract Public choice scholars have attended only modestly to issues in public health. We expect that to change rapidly given the Covid-19 pandemic. The time therefore is ripe for tak- ing stock of public-choice relevant scholarship that addresses issues in public health. That is what we do. Our stock-taking highlights three themes: (1) Public health regulations often are driven by private interests, not public ones. (2) The allocation of public health resources often refects private interests, not public ones. (3) Public health policies may have perverse efects, undermining instead of promoting health-consumer welfare. Keywords Public choice · Public health · COVID-19 · Interest groups JEL Classifcations D72 · I18 1 Introduction Public health is “The health of the population as a whole, esp. as monitored, regulated, and promoted by the state” (Oxford English Dictionary, 2020). Public choice is “the applica- tion of the principles of maximizing behavior…to institutions and behavior in the political world” (Tollison, 2004, p. 191).1 You might therefore think that public health has attracted major attention from public choice scholars. But then you would be wrong. The Elgar Companion to Public Choice (Reksulak et al. 2014), an “authoritative and encyclopaedic reference work” of more than 600 pages that “provides a thorough account of the public choice approach”, contains just six pages on which the term health (or a vari- ant) appears.
    [Show full text]
  • Is the Family a Spontaneous Order?
    Is the Family a Spontaneous Order? Steven Horwitz Department of Economics St. Lawrence University Canton, NY 13617 TEL (315) 229 5731 FAX (315) 229 5819 Email [email protected] Version 1.0 September 2007 Prepared for the Atlas Foundation “Emergent Orders” conference in Portsmouth, NH, October 27-30, 2007 This paper is part of a larger book project tentatively titled Two Worlds at Once: A Classical Liberal Approach to the Evolution of the Modern Family. I thank Jan Narveson for an email exchange that prompted my thinking about many of the ideas herein. Work on this paper was done while a visiting scholar at the Social Philosophy and Policy Center at Bowling Green State University and I thank the Center for its support. 1 The thirty or so years since F. A. Hayek was awarded the Nobel Prize in Economic Science has seen a steady growth in what might best be termed “Hayek Studies.” His ideas have been critically assessed and our understanding of them has been deepened and extended in numerous ways. At the center of Hayek’s work, especially since the 1950s, was the concept of “spontaneous order.” Spontaneous order (which would be more accurately rendered as “unplanned” or “undesigned” or “emergent” order) refers, at least in the social world, to those human practices, norms, and institutions that are, in the words of Adam Ferguson, “products of human action, but not human design.” For Hayek, this concept was central to his critique of “scientism,” or the belief that human beings could control and manipulate the social world with the (supposed) methods of the natural sciences.
    [Show full text]
  • Review of Murray N. Rothbard's an Austrian
    Reason Papers 97 Murray N. Rothbard, An Austrian Perspective on the History of Economic Thought, Vol. i & ii (Cheltenham, UK: Edward Elgar Publ., Ltd., 1995), pp.576 & 544; Index; $99.95 each. Parth Shah, University of Michigan, Dearborn I have always enjoyed Professor Rothbard's talks at various Austrian conferences and seminars, especially the ones on the history of economic thought. That subject itself, I think, brought out all the qualities that made Professor Rothbard such a loving and towering figure in Austrian and libertarian circles; his incredible breadth of knowledge, diligent scholarship, disarming sense of humor, perspective coalescing of personal with social and intellectual history, genuine respect for a worthy adversary, and yes, his unwavering dedication to praxeology and liberty. Professor Rothbard's two volumes on the history of thought more than meet the expectations; they encapsulate all those unique qualities of his. It makes it all the more unfortunate that the volumes cover the period only up to about 1870. Taking his cue from his mentor Joseph Dorfman, Professor Rothbard eschews the "Few Great Men approach" (talking about the already anointed), and focuses on the "'lesser' figures... emphasizing the importance of their religious and social philosophies as well as their narrower strictly 'economic' views" (1, p.xii). With Thomas Kuhn's realistic appraisal of the path of progress in science in terms of paradigm shifts, Professor Rothbard dismisses the Whig theory of history and works with no presumption that "later thought is better than earlier" (1, p.x). The acceptance of the zig-zag path of the progress of the discipline promises us "far more human drama than is usually offered in histories of economic thought." (1, p.xiii).
    [Show full text]
  • Markets Not Capitalism Explores the Gap Between Radically Freed Markets and the Capitalist-Controlled Markets That Prevail Today
    individualist anarchism against bosses, inequality, corporate power, and structural poverty Edited by Gary Chartier & Charles W. Johnson Individualist anarchists believe in mutual exchange, not economic privilege. They believe in freed markets, not capitalism. They defend a distinctive response to the challenges of ending global capitalism and achieving social justice: eliminate the political privileges that prop up capitalists. Massive concentrations of wealth, rigid economic hierarchies, and unsustainable modes of production are not the results of the market form, but of markets deformed and rigged by a network of state-secured controls and privileges to the business class. Markets Not Capitalism explores the gap between radically freed markets and the capitalist-controlled markets that prevail today. It explains how liberating market exchange from state capitalist privilege can abolish structural poverty, help working people take control over the conditions of their labor, and redistribute wealth and social power. Featuring discussions of socialism, capitalism, markets, ownership, labor struggle, grassroots privatization, intellectual property, health care, racism, sexism, and environmental issues, this unique collection brings together classic essays by Cleyre, and such contemporary innovators as Kevin Carson and Roderick Long. It introduces an eye-opening approach to radical social thought, rooted equally in libertarian socialism and market anarchism. “We on the left need a good shake to get us thinking, and these arguments for market anarchism do the job in lively and thoughtful fashion.” – Alexander Cockburn, editor and publisher, Counterpunch “Anarchy is not chaos; nor is it violence. This rich and provocative gathering of essays by anarchists past and present imagines society unburdened by state, markets un-warped by capitalism.
    [Show full text]
  • 41042 FEE Text+1
    VOLUME 59, NO 7 SEPTEMBER 2009 Features 8 Human Action, 1949: A Dramatic Episode in Intellectual History by Israel M. Kirzner 12 Human Action: The 60th Anniversary by Bettina Bien Greaves 16 Human Action: The Treatise in Economics by Peter Boettke 19 What Human Action Has Meant to Me: Reflections of a Young Economist by Peter T.Leeson 22 The Case for Capitalism by Henry Hazlitt 28 A Triple Whammy for Austrian Economics by Sanford Ikeda 31 In Defense of Ideology by Mario J. Rizzo 34 Transforming America: The Bush-Obama Stimulus Programs by Randall G. Holcombe Page 16 39 The Myth of Unregulated Tobacco by Bruce Yandle Columns 4 Ideas and Consequences ~ In the Grip of Madness by Lawrence W.Reed 26 Our Economic Past ~ The Rise of Big Business and the Growth of Government by Robert Higgs 42 Give Me a Break! ~ Competition Would Save Medicine, Too by John Stossel 55 The Pursuit of Happiness ~ EFCA and Compromise by Charles W.Baird Page 26 Departments 2 Perspective ~ Human Action as a Work of Art by Sheldon Richman 6 Saving Is Killing the Economy? It Just Ain’t So! by Steven Horwitz 44 Capital Letters Book Reviews 50 New Deal or Raw Deal? How FDR’s Economic Legacy Has Damaged America by Burton Folsom, Jr. Reviewed by Robert Higgs 51 The Gridlock Economy: How Too Much Ownership Wrecks Markets, Stops Innovation, and Costs Lives by Michael Heller Reviewed by Art Carden 52 The Complete Idiot’s Guide to Global Economics by Craig Hovey with Gregory Rehmke Reviewed by George C.
    [Show full text]
  • FALL 2015 Journal of Austrian Economics
    The VOL. 18 | NO. 3 | 294–310 QUArtERLY FALL 2015 JOURNAL of AUSTRIAN ECONOMICS PRAXEOLOGY OF COERCION: CATALLACTICS VS. CRATICS RAHIM TAGHIZADEGAN AND MARC-FELIX Otto ABSTRACT: Ludwig von Mises’s most important legacy is the foundation and analysis of catallactics, i.e. the economics of interpersonal exchange, as a sub-discipline of praxeology, the science of human action. In this paper, based both on Mises’s methodical framework and on insights by Tadeusz Kotarbinski and Max Weber, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. Our investigation yields both a reviewed taxonomy of human action and a first analysis of the elements of this theory, which we term cratics. This shall establish the basis for adjacent studies, furthering Mises’s project regarding the science of human action. KEYWORDS: Austrian school, praxeology, catallactics, coercion JEL CLASSIFICATION: B53 Rahim Taghizadegan ([email protected]) is director of the academic research institute Scholarium (scholarium.at) in Vienna, Austria, lecturer at several univer- sities and faculty member at the International Academy of Philosophy in Liech- tenstein. Marc-Felix Otto ([email protected]) is equity partner at the consulting firm The Advisory House in Zurich, Switzerland. Both authors would like to thank the research staff at the Scholarium for their help and input, in particular Johannes Leitner and Andreas M. Kramer. 294 Rahim Taghizadegan and Marc-Felix Otto: Praxeology Of Coercion… 295 INTRODUCTION he Austrian economist Ludwig von Mises intended to re-establish economics on a deductive basis, with the subjective Tvaluations, expectations, and goals of acting humans at the center, following the tradition of the “Austrian School” (see Mises, 1940 and 1962).
    [Show full text]
  • The Depression of 2008
    The Depression of 2008 by Fred E. Foldvary The Depression of 2008 by Fred E. Foldvary Second edition, Sept. 18, 2007 Copyright 2007. All rights reserved. Permission to copy excerpts for publication is granted provided that full credit (author, year, title, publisher, page numbers) is given and a copy of the publication is sent to the Gutenberg Press. ISBN 0-9603872-0-X The Gutenberg Press PO Box 9597 Berkeley CA 94709 [email protected] 1 Recessions and depressions The U.S. economy as well as much of the global economy will very likely fall into a depression in 2008. This booklet will explain why there will be a recession and depression by the end of the decade of 2000- 2010, and why the most probable year is 2008. You will learn how you can minimize your losses or even gain from this depression, and how government policies need to change to prevent future depressions. We need to first be clear on the difference between a recession and a depression. A recession is related to the word “recede,” meaning to fall back. An economic recession is a fall in total output that lasts for a significant time interval. In the U.S., a recession is usually recognized when the gross domestic product, the total output of legally produced goods, falls during two consecutive quarters, i.e. for six months. An economy is depressed when output falls below the long-run trend. Therefore a depression begins during a recession when GDP falls below the long-run trend and ends in the recovery when GDP rises above that trend.
    [Show full text]
  • Neoliberal Reason and Its Forms: Depoliticization Through Economization∗
    Neoliberal reason and its forms: Depoliticization through economization∗ Yahya M. Madra Department of Economics Boğaziçi University Bebek, 34342, Istanbul, Turkey [email protected] Yahya M. Madra studied economics in Istanbul and Amherst, Massachusetts. He has taught at the universities of Massachusetts and Boğaziçi, and at Skidmore and Gettysburg Colleges. He currently conducts research in history of modern economics at Boğaziçi University with the support of TÜBITAK-BIDEB Scholarship. His work appeared in Journal of Economic Issues, Rethinking Marxism, The European Journal of History of Economic Thought, Psychoanalysis, Society, Culture and Subjectivity as well as edited volumes. His current research is on the role of subjectivity in political economy of capitalism and post-capitalism. and Fikret Adaman Department of Economics, Boğaziçi University Bebek, 34342, Istanbul, Turkey [email protected] Fikret Adaman studied economics in Istanbul and Manchester. He has been lecturing at Boğaziçi University on political economy, ecological economics and history of economics. His work appeared in Journal of Economic Issues, New Left Review, Cambridge Journal of Economics, Economy and Society, Ecological Economics, The European Journal of History of Economic Thought, Energy Policy and Review of Political Economy as well as edited volumes. His current research is on the political ecology of Turkey. DRAFT: Istanbul, October 3, 2012 ∗ Earlier versions of this paper have been presented in departmental and faculty seminars at Gettysburg College, Uludağ University, Boğaziçi University, İstanbul University, University of Athens, and New School University. The authors would like to thank the participants of those seminars as well as to Jack Amariglio, Michel Callon, Pat Devine, Harald Hagemann, Stavros Ioannides, Ayşe Mumcu, Ceren Özselçuk, Maliha Safri, Euclid Tsakalatos, Yannis Varoufakis, Charles Weise, and Ünal Zenginobuz for their thoughtful comments and suggestions on the various versions of this paper.
    [Show full text]
  • Income Inequality and Poverty: Are We Asking the Right Questions?
    NEW PERSPECTIVES ON POLITICAL ECONOMY A Bilingual Interdisciplinary Journal Vol. 16. No. 1-2, 2020 In this issue: Youliy Ninov: An Alternative View on Saving and Investment From an Austrian Economics Perspective Bradley K. Hobbs and Nikolai G. Wenzel: Income Inequality and Poverty: Are We Asking the Right Questions? Jakub Bożydar Wiśniewski: Austrian Economics as a Paradigm of Golden Mean Thinking Frank Daumann and Florian Follert: COVID-19 and Rent-Seeking Competition: Some Insights from Germany NEW PERSPECTIVES ON POLITICAL ECONOMY A Bilingual Interdisciplinary Journal New Perspectives on Political Economy is a peer-reviewed semi-annual bilingual interdisciplinary journal, published since 2005 in Prague. The journal aims at contributing to scholarship at the intersection of political science, political philosophy, political economy and law. The main objective of the journal is to enhance our understanding of private property-, market- and individual liberty-based perspectives in the respected sciences. We also believe that only via exchange among social scientists from different fields and cross-disciplinary research can we critically analyze and fully understand forces that drive policy-making and be able to spell out policy implications and consequences. The journal welcomes submissions of unpublished research papers, book reviews, and educational notes. Published by CEVRO Institute Academic Press New Perspectives on Political Economy CEVRO Institute, Jungmannova 17, 110 00 Praha 1, Czech Republic Manuscripts should be submitted electronically to [email protected]. Full text available via DOAJ Directory of Open Access Journals and also via EBSCO Publishing databases. Information for Authors Authors submitting manuscripts should include abstracts of not more than 250 words and JEL classification codes.
    [Show full text]