Peter Boettke named Hayek Visiting Fellow at London School of Economics

Oct 01, 2004Oct 31, 2004
London School of Economics, London, England

SUMMARY: 

In October 2004, Global Prosperity Research Director, Professor Peter Boettke, hosted a number of lectures at the London School of Economics where he was the 2004 Hayek Visiting Fellow.  Below, you can see the topics he discussed as well as access the readings that show how the ideas of Nobel laureat Freidrich Hayek are being applied today:

October 11, 2004: The Place of Austrian Economics in the Current Intellectual Landscape of the Social Sciences

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

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

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

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

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

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

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

October 18: The New Comparative Political Economy and Its Policy Relevance

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

Readings:
Peter Boettke, Chris Coyne, Peter Leeson and Frederic Sautet, "The New Comparative Political Economy,"RAE, forthcoming.

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

October 25: Libertarianism as a Research Program in Political Economy

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

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

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

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

Peter Leeson, "Trading with Bandits," working paper.