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Austrian Economics and the Present Crisis


Peter J. Boettke is the Deputy Director of the James M. Buchanan Center for Political Economy, a Senior Research Fellow at the Mercatus Center, and a professor in the economics department at George Mason University.

Boettke was born and raised in New Jersey. He received his BA in economics from Grove City College and his PhD in economics from George Mason University. Before joining the faculty at George Mason University in 1998, he held faculty positions at Oakland University, Manhattan College and New York University. In addition, Boettke was a National Fellow at the Hoover Institution for War, Revolution and Peace at Stanford University during the 1992-1993 academic year. He has been a visiting professor or scholar at the Russian Academy of Sciences in Moscow, the Max Planck Institute for Research into Economic Systems in Jena, Germany, the Stockholm School of Economics, Central European University in Prague and Charles University in Prague.

Boettke is the author of several books on the history, collapse and transition from socialism in the former Soviet Union — The Political Economy of Soviet Socialism: The Formative Years, 1918-1928 (Kluwer, 1990); Why Perestroika Failed: The Economics and Politics of Socialism Transformation (Routledge, 1993); and Calculation and Coordination: Essays on Socialism and Transitional Political Economy (Routledge, 2001). He is also now the co-author, along with David Prychitko, of the classic principles of economics texts of Paul Heyne’s The Economic Way of Thinking (10th Edition, Prentice Hall, 2002).

Boettke has also edited the following volumes, Socialism and the Market: The Socialist Calculation Debate Revisited, 9 volumes (Routledge, 2000); The Legacy of F. A. Hayek: Politics, Philosophy, Economics, 3 volumes (Elgar, 1999), The Market Process, 2 volumes (Elgar, 1998), Market Process: Essays in Contemporary Austrian Economics (Elgar, 1994), The Collapse of Development Planning (New York University Press, 1994), and The Elgar Companion to Austrian Economics (Elgar, 1994).

In 1998, Boettke assumed the editorship of the Review of Austrian Economics (Kluwer Academic Publishers). The Review of Austrian Economics was founded by late Murray Rothbard in mid-1980s to promote research and the further development of the Austrian School of Economics. Prior to assuming that editorship, Boettke was the editor of Advances in Austrian Economics.K Since the mid-1990s, Boettke has also been the Director of the Advanced Summer Seminar in Austrian Economics, a post he took over from Israel Kirzner. Boettke is a former President of the Society for the Development of Austrian Economics.

In addition to his scholarly activities, Boettke is a dedicated teacher and has won teaching awards, including the Golden Dozen Award for Excellence in Teaching from the College of Arts and Sciences at New York University. He has taught in the Honors College Programs at Oakland University, New York University and George Mason University. Beyond economics, Boettke is also an affiliated faculty member in the Russian Studies Program; has taught at the Law School; and served on dissertation committees in the School of Public Policy.

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Peter J. Boettke is the BB&T Professor for the Study of Capitalism, Mercatus Center at George Mason University, and University professor in the economics department at George Mason University.