Peter Boettke
Datos Biográficos
| ID | 1600465 |
|---|---|
| NOMBRE | Peter Boettke |
| NOMBRES | Peter |
| APELLIDO | Boettke |
| FIRMA | BOETTKE P |
| AFILIACIONES | Economics, George Mason University |
| VERIFICADO | No |
| TOTAL DE OBRAS | 48 |
| TOTAL DE CITAS | 33 |
| TOTAL COMO AUTOR | 14 |
| TOTAL COMO EDITOR | 34 |
| PRIMER AÑO DE PUBLICACIÓN | 2002 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2026 |
| ÍNDICE H | 3 |
Social and values heterogeneity, and the crisis of liberal democracy
To uphold classical liberal values in the 21st century, it is crucial to recognize that the classical liberal tradition itself emerged as a profound response to the crisis of pluralism triggered by the breakdown - during the Protestant Reformation- of a unified and coherent worldview centered around the Catholic Church. Any attempt to address contemporary challenges by drawing on the lessons, insights, and intellectual tools of the liberal tradit…
Organization as a Discovery Procedure
David M. Levy and Sandra J. Peart, Towards an Economics of Natural Equals
Manuela Mosca, Monopoly Power and Competition
Manuela Mosca has produced a fascinating study of four leading Italian economists: Pareto, Pantaleoni, Barone, and De Viti de Marco. Among those four names, only Pareto is familiar to all economics students, but Mosca’s book does a fantastic job at remedying that oversight. The Italian marginalists were brilliant theorists and astute observers of the public sector and private sector and the entangled political economy between the public and priva…
The real purpose of the program
Economics and Ethics within the Austrian School of Economics
Twentieth-century Austrian economists became known as champions of the free-market system yet claimed value-freedom in their economic analysis. However, advocacy of free markets is viewed as inherently ideological, involving ethical assumptions within the economic analysis. In this chapter, we discuss the connection between economics and ethics in the Austrian school of economics. We explore what value-freedom in the Austrian school entails and h…
Robert Tollison and operationalizing public choice
Friedrich August von Hayek (1899–1992)
Volume I contains original biographical profiles of many of the most important and influential economists from the seventeenth century to the present day. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of…
Dynamics of Interventionism
The “dynamics of interventionism” refers to the central contribution of Austrian economics to the analysis of government failure. This chapter outlines that contribution in the areas of regulatory dynamics and transfer dynamics and focuses on the role of incentive problems and especially of knowledge problems in driving the mixed economy toward either interventionism or disinterventionism. These dynamics operate in the broad range of politicoecon…
Market Theory and the Price System
This chapter presents a narrative about the evolution of market theory, which can be divided into two lines of thinking: the genetic-causal and the instrumental-causal traditions. The difference between the two views became clear around 1920, when prices came to be considered as parameters. This evolution had wide-ranging implications, as it drove the entire corpus of perfect competition and rejected the classical notion of the market as a dynami…
From Subsistence to Advanced Material Production
This chapter provides a summary of the lessons that the Austrian theory of capital holds for the field of development economics. It provides an introduction to the concepts of the structure of production and time preference and a brief overview of how the rate of time preference limits both the available pool of savings and the extent of capital formation. The implications that this uniquely Austrian insight holds for the theory of economic growt…
The Financial Crisis in the United States
The Austrian theory of the business cycle provides a necessary but not sufficient framework for understanding the intertemporal discoordination that caused the housing boom and bust and the financial crisis of 2008. Artificially low interest rates after 2001, caused by central bank expansionary policy, encouraged long-term loans, and housing policy and institutions, especially Fannie Mae and Freddie Mac, channeled those funds into the real estate…
Public Choice and Austrian Economics
Austrian economics is a school of thought, while public choice is an area of inquiry, so one way to analyze the two together is to look at how the Austrian school approaches the subject matter of public choice. There are substantial and long-standing areas of commonality between Austrian ideas and the literature in public choice, but most Austrian school contributions to public choice are in the form of critiques of the ideas of public-choice the…
Capital-Based Macroeconomics
The recent revival of boom-bust business cycles and the worldwide slow recovery from 2009–2012 has renewed interest in the analysis of a money-production economy developed by Keynes and capital-structure-based Austrian macroeconomics developed by Hayek, Mises, Rothbard, and, most recently, Garrison. Both approaches identify time, money, banking, financial markets, interest, and investment as the major sources of coordination failure leading to re…
Social Economy as an Extension of the Austrian Research Program
Contemporary Austrian scholars have attempted to develop a research program in social economy (including a focus on mental models, generalized norms, social networks, and culture) to complement the school’s already well-developed research program in political economy. Rather than settling on a single approach or adopting a single perspective, however, they have pursued a number of different strategies. As a result, Austrian contributions to under…
Complexity and Austrian Economics
There is a deep link between complexity economics and Austrian economics. Ideas of complexity were foundational in the work of Austrian economics from its generally recognized beginnings in the work of Carl Menger to the modern day, with Friedrich Hayek being probably the most important carrier of this theme in the school. Although interest in complexity economics among Austrians has waxed and waned over time, today such ideas are quite influenti…
The Market Process Theory Perspective on Capitalism
This chapter starts with a brief comparative overview of the distinctive theoretical core of market process theory, preparing the way for a systematic presentation of what the capitalist market system looks like when framed through theoretical lenses shaped by a process view. Noting that such an approach has analytical, explanatory, and normative implications, the chapter focuses on the normative aspects. Its objective is twofold: first, to show …
On Your Mark, Get Set, Develop!
One of the lingering questions for development economists is that of economic transition and whether development can be promoted by a strong political leader. Earlier writings on leadership and economic development tend to fall into one of two camps: (1) leaders matter and can contribute positively to economic growth, or (2) leaders seldom have positive effects and, at best, can avoid doing a great deal of harm. This article establishes a third o…
Spontaneous Order
This chapter discusses the theoretical substance and history of thought surrounding the theory of spontaneous orders. Whereas significant debate remains regarding the term’s particular origins and appropriate applications, this chapter provides a conceptual framework for categorizing orderly systems according to their agent types and the degree of complexity created by the presence of alternative interests. A substantial and meaningful difference…
The Capital-Using Economy
Capital theory is fundamental to everything else in Austrian economics. It lies at its core, implicit in discussions of monetary policy, the business cycle, the entrepreneur, and the subjectivity of value and expectations. Prior to the Keynesian revolution, it was capital theory for which the Austrian school was most known among mainstream economists. With the advent of Keynesian macroeconomics, interest in capital theory all but disappeared. But…
The Sensory Order, Neuroeconomics, and Austrian Economics
In the social science literature spawned by Friedrich Hayek’s “The Sensory Order,” the questions asked were: (1) In what ways does Hayek’s cognitive theory fit with his social theory and with Austrian economics in general? (2) Do we need “The Sensory Order” at all to do our social science, and how does it make a difference in providing insight toward understanding the social realm? This chapter surveys this literature and, by drawing out the rami…
Free Banking
This chapter provides an overview of the issues raised by free banking. A central objective is to set out the core theory of free banking, draw out its predictions, and then compare those predictions against the abundant historical evidence from the many free (or relatively free) banking systems of the past. The evidence is largely supportive of the predictions of free banking theory and, in particular, of its claim that an unregulated banking sy…
The Tax State as Source of Perpetual Crisis
The term “tax state” originated in a controversy between Rudolf Goldscheid and Joseph Schumpeter over the treatment of Austria’s public debt in the aftermath of World War I. Goldscheid asserted that this debt represented a crisis for a state that relied on taxation. Schumpeter argued that the crisis was temporary and could be resolved by a one-time capital levy to reduce the debt, after which the state could resume its tax-based mode of operation…
The Austrian Theory of Finance
Austrian school economists have long been interested in monetary and financial operations that characterize modern capitalism. With a few exceptions, this interest was confined, at least until the late twentieth century, primarily to the aggregate effects of these operations on the workings of the economy at large, focusing on the overall outcomes of human action rather than specifics of how the decision to engage in those actions comes about. In…
Ordoliberalism and the Austrian School
Having emerged in the 1930s and 1940s as the German variety of neoliberalism, the ordoliberal perspective on economics provides an intriguing set of politicoeconomic problems and solutions. While its impact on postwar German economic policy is commonly recognized, more light needs to be shed on the role of ordoliberal ideas within scientific discourses. Embedded in the intellectual climate during the formative years, the essentials of Walter Euck…
The Two Social Philosophies of Ostroms' Institutionalism
The article argues that Ostroms' institutionalism has a dimension that is complex and profound enough to deserve to be considered a “social theory” or a “social philosophy.” The article pivots around the thesis that the “social philosophy” behind the Bloomington School's research agenda has in fact two facets that may or may not be consistent with each other. The article describes the main features of the two facets, offers a brief overview of th…
Knight and the Austrians on Capital, and the Problem of Socialism
Research Article| March 01 2002 Knight and the Austrians on Capital, and the Problem of Socialism Peter Boettke; Peter Boettke Search for other works by this author on: This Site Google Karen Vaughn Karen Vaughn Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (1): 155–176. https://doi.org/10.1215/00182702-34-1-155 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Pe…
The Limits of Economic Expertise
The real purpose of the program
"Henry Hazlitt as an Intellectual Middleman of "Orthodox Economics
Henry Hazlitt was a public intellectual who had unusual strength in both economic reasoning and articulation and played a central role in communicating the ideas of classical, or "orthodox," economics to the general public. He occupied a unique position in the mid-twentieth-century intellectual life in the United States as a prominent figure in the world of journalism- both as a literary critic and as an economist-and his influence extended to th…
Is the only form of ‘reasonable regulation’ self regulation
Knight and the Austrians on Capital, and the Problem of Socialism
Research Article| March 01 2002 Knight and the Austrians on Capital, and the Problem of Socialism Peter Boettke; Peter Boettke Search for other works by this author on: This Site Google Karen Vaughn Karen Vaughn Search for other works by this author on: This Site Google History of Political Economy (2002) 34 (1): 155–176. https://doi.org/10.1215/00182702-34-1-155 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Pe…
The Limits of Economic Expertise
The failings of legal centralism for helping stock markets in transition
After Czech voucher privatization many companies simply ignored the interests of their shareholders. The government has since increased the amount of regulation, but they have failed to establish significant investor confidence. This article offers some explanations of why their legal centric approach remains unlikely to create good corporate governance. Mandating that companies maximize shareholder value is easier said than done because it requi…
Is the only form of ‘reasonable regulation’ self regulation
The Two Social Philosophies of Ostroms' Institutionalism
The article argues that Ostroms' institutionalism has a dimension that is complex and profound enough to deserve to be considered a “social theory” or a “social philosophy.” The article pivots around the thesis that the “social philosophy” behind the Bloomington School's research agenda has in fact two facets that may or may not be consistent with each other. The article describes the main features of the two facets, offers a brief overview of th…
"Henry Hazlitt as an Intellectual Middleman of "Orthodox Economics
Henry Hazlitt was a public intellectual who had unusual strength in both economic reasoning and articulation and played a central role in communicating the ideas of classical, or "orthodox," economics to the general public. He occupied a unique position in the mid-twentieth-century intellectual life in the United States as a prominent figure in the world of journalism- both as a literary critic and as an economist-and his influence extended to th…
Dynamics of Interventionism
The “dynamics of interventionism” refers to the central contribution of Austrian economics to the analysis of government failure. This chapter outlines that contribution in the areas of regulatory dynamics and transfer dynamics and focuses on the role of incentive problems and especially of knowledge problems in driving the mixed economy toward either interventionism or disinterventionism. These dynamics operate in the broad range of politicoecon…
Market Theory and the Price System
This chapter presents a narrative about the evolution of market theory, which can be divided into two lines of thinking: the genetic-causal and the instrumental-causal traditions. The difference between the two views became clear around 1920, when prices came to be considered as parameters. This evolution had wide-ranging implications, as it drove the entire corpus of perfect competition and rejected the classical notion of the market as a dynami…
From Subsistence to Advanced Material Production
This chapter provides a summary of the lessons that the Austrian theory of capital holds for the field of development economics. It provides an introduction to the concepts of the structure of production and time preference and a brief overview of how the rate of time preference limits both the available pool of savings and the extent of capital formation. The implications that this uniquely Austrian insight holds for the theory of economic growt…
The Financial Crisis in the United States
The Austrian theory of the business cycle provides a necessary but not sufficient framework for understanding the intertemporal discoordination that caused the housing boom and bust and the financial crisis of 2008. Artificially low interest rates after 2001, caused by central bank expansionary policy, encouraged long-term loans, and housing policy and institutions, especially Fannie Mae and Freddie Mac, channeled those funds into the real estate…
Public Choice and Austrian Economics
Austrian economics is a school of thought, while public choice is an area of inquiry, so one way to analyze the two together is to look at how the Austrian school approaches the subject matter of public choice. There are substantial and long-standing areas of commonality between Austrian ideas and the literature in public choice, but most Austrian school contributions to public choice are in the form of critiques of the ideas of public-choice the…
Capital-Based Macroeconomics
The recent revival of boom-bust business cycles and the worldwide slow recovery from 2009–2012 has renewed interest in the analysis of a money-production economy developed by Keynes and capital-structure-based Austrian macroeconomics developed by Hayek, Mises, Rothbard, and, most recently, Garrison. Both approaches identify time, money, banking, financial markets, interest, and investment as the major sources of coordination failure leading to re…
Social Economy as an Extension of the Austrian Research Program
Contemporary Austrian scholars have attempted to develop a research program in social economy (including a focus on mental models, generalized norms, social networks, and culture) to complement the school’s already well-developed research program in political economy. Rather than settling on a single approach or adopting a single perspective, however, they have pursued a number of different strategies. As a result, Austrian contributions to under…
Complexity and Austrian Economics
There is a deep link between complexity economics and Austrian economics. Ideas of complexity were foundational in the work of Austrian economics from its generally recognized beginnings in the work of Carl Menger to the modern day, with Friedrich Hayek being probably the most important carrier of this theme in the school. Although interest in complexity economics among Austrians has waxed and waned over time, today such ideas are quite influenti…
The Market Process Theory Perspective on Capitalism
This chapter starts with a brief comparative overview of the distinctive theoretical core of market process theory, preparing the way for a systematic presentation of what the capitalist market system looks like when framed through theoretical lenses shaped by a process view. Noting that such an approach has analytical, explanatory, and normative implications, the chapter focuses on the normative aspects. Its objective is twofold: first, to show …
On Your Mark, Get Set, Develop!
One of the lingering questions for development economists is that of economic transition and whether development can be promoted by a strong political leader. Earlier writings on leadership and economic development tend to fall into one of two camps: (1) leaders matter and can contribute positively to economic growth, or (2) leaders seldom have positive effects and, at best, can avoid doing a great deal of harm. This article establishes a third o…
Spontaneous Order
This chapter discusses the theoretical substance and history of thought surrounding the theory of spontaneous orders. Whereas significant debate remains regarding the term’s particular origins and appropriate applications, this chapter provides a conceptual framework for categorizing orderly systems according to their agent types and the degree of complexity created by the presence of alternative interests. A substantial and meaningful difference…
The Capital-Using Economy
Capital theory is fundamental to everything else in Austrian economics. It lies at its core, implicit in discussions of monetary policy, the business cycle, the entrepreneur, and the subjectivity of value and expectations. Prior to the Keynesian revolution, it was capital theory for which the Austrian school was most known among mainstream economists. With the advent of Keynesian macroeconomics, interest in capital theory all but disappeared. But…
The Sensory Order, Neuroeconomics, and Austrian Economics
In the social science literature spawned by Friedrich Hayek’s “The Sensory Order,” the questions asked were: (1) In what ways does Hayek’s cognitive theory fit with his social theory and with Austrian economics in general? (2) Do we need “The Sensory Order” at all to do our social science, and how does it make a difference in providing insight toward understanding the social realm? This chapter surveys this literature and, by drawing out the rami…
Free Banking
This chapter provides an overview of the issues raised by free banking. A central objective is to set out the core theory of free banking, draw out its predictions, and then compare those predictions against the abundant historical evidence from the many free (or relatively free) banking systems of the past. The evidence is largely supportive of the predictions of free banking theory and, in particular, of its claim that an unregulated banking sy…
The Tax State as Source of Perpetual Crisis
The term “tax state” originated in a controversy between Rudolf Goldscheid and Joseph Schumpeter over the treatment of Austria’s public debt in the aftermath of World War I. Goldscheid asserted that this debt represented a crisis for a state that relied on taxation. Schumpeter argued that the crisis was temporary and could be resolved by a one-time capital levy to reduce the debt, after which the state could resume its tax-based mode of operation…
The Austrian Theory of Finance
Austrian school economists have long been interested in monetary and financial operations that characterize modern capitalism. With a few exceptions, this interest was confined, at least until the late twentieth century, primarily to the aggregate effects of these operations on the workings of the economy at large, focusing on the overall outcomes of human action rather than specifics of how the decision to engage in those actions comes about. In…
Ordoliberalism and the Austrian School
Having emerged in the 1930s and 1940s as the German variety of neoliberalism, the ordoliberal perspective on economics provides an intriguing set of politicoeconomic problems and solutions. While its impact on postwar German economic policy is commonly recognized, more light needs to be shed on the role of ordoliberal ideas within scientific discourses. Embedded in the intellectual climate during the formative years, the essentials of Walter Euck…
Austrians versus Market Socialists
In this chapter, the position of market socialists is critically analyzed from the Austrian point of view. First, the definition of socialism is introduced, based on the concept of institutional coercion acting on Kirznerian entrepreneurship. Second is a review of the different aspects of the theorem of the impossibility of socialism, as it was originally developed by Mises and Hayek. Then market socialism is defined and studied, along with the m…
The Evolution of Property Rights Systems
This chapter examines the institutions of a property rights system. It discusses the two ways for institutions of property to be developed: (1) through explicit or implicit bargaining as individuals combine their bilateral and multilateral relationships into communities made up of people with shared values and (2) through the use of “political means” entailing the threat to use violence as one individual or organized group takes scarce resources …
Economics (41 obras) · Political science (32 obras) · Economic Theory and Institutions (29 obras) · Law (24 obras) · Positive economics (23 obras) · Neoclassical economics (21 obras) · Sociology (19 obras) · Epistemology (18 obras) · Philosophy (18 obras) · Politics (17 obras)