The Smith Center  THE SMITH CENTER  for Private Enterprise Studies


 

Annual Prize in Austrian Economics

Each year the Smith Center awards a prize of $1,000 to (a) the author of a book and (b) the author of an article that are selected as the best in Austrian economics in the previous three years. The awards are made at the annual dinner of the Society for the Development of Austrian Economics (SDAE) which is always held during the annual meeting of the Southern Economic Association. The best book and article are chosen by a committee of three economists who are active contributors to the Austrian economics literature.

 

Past Winners

2007 Winner for the book, "Socialism After Hayek" by Theodore Burczak.

2005 Winner for the book, "How Capitalism Saved America" by Tom DiLorenzo of Loyola College in Maryland.

2004 Winner for the book, "Hayek's Challenge" by Bruce Caldwell of U. North Carolina- Greensboro

2003 - No Winners

2002 Winners

For Best Book: 

Frederic E. Sautet
The Treasury, New Zealand

"An Entrepreneurial Theory of the Firm",

New York: Routledge, 2000

 For Best Article:

Anthony M. Carilli
Assoc. Prof. of Econ., Hampden-Sydney College

and

Gregory M. Dempster
Assist. Prof. of Econ., Hampden-Sydney College

co-authored the article

"Expectations in Austrian Business Cycle Theory:
An Application of the Prisoner's Dilemma",

The Review of Austrian Economics, 14:4, 319-330 (2001)

 

2001 Winners

 Roger W. Garrison

Roger W. Garrison

"Time and Money: The Macroeconomics of Capital Structure", London: Routledge, 2001

 Steve Horwitz

Steven Horwitz

"Microfoundations and Macroeconomics: An Austrian Perspective", New York: Routledge, 2000.

2000 Winners

The 2000 winners are Daniel Klein and Brian Loasby. Our selection committee consisted of David Harper, Chairman, New York University; Sanford Ikeda, SUNY Purchase; Karen Vaughn, George Mason University.

 Dan Klein

 

 

Daniel Klein of Santa Clara University
for the article entitled,


"Discovery and the Deep Self", Review of Austrian Economics, volume 11, 47-76, 1999.

 Brian Loasby

 

Brian Loasby, Professor Emeritus, of University of Stirling for the book entitled,



Knowledge, Institutions and Evolution in Economics, Routledge: London, 1999.

1999 Winners

The 1999 winners are Peter Boettke and Peter Lewin. Our selection committee consisted of William Butos at Trinity College, Bruce Caldwell at University of North Carolina, and Israel Kirzner at New York University.

Peter Boettke of George Mason University for the article entitled, "Where Did Economics Go Wrong: Modern Economics as a Flight From Reality", Critical Review, 11, no. 1 (Winter 1997): 11-64

Peter Lewin of University of Dallas for the book entitled, Capital in Disequilibrium: the role of capital in a changing world, London and New York: Routledge, 1999.

Charles W. Baird, the Director of the Smith Center, presents the prize checks on November 22, 1999 at the Society for the Development for Austrian Economics dinner at the Fairmont Hotel, New Orleans, Louisiana.

 

1998 Winners

The 1998 winners are David Harper and Bruce Caldwell . Our selection committee consisted of Peter Boettke at George Mason University, as the chair, Karen Vaughn also at George Mason University, and Mario Rizzo at New York University.

David Harper of New York University wrote the book entitled, Entrepreneurship and the Market Process: An Inquiry into the Growth of Knowledge, Routledge, 1996.

Bruce Caldwell of University of North Carolina at Greensboro, wrote the "Hayek and Socialism" appearing in the Journal of Economic Literature, December 1997.

Charles W. Baird, the Director of the Smith Center, presented the prize checks on November 9, 1998 at the Society for the Development for Austrian Economics dinner in Omni Inner Harbor Hotel, Baltimore, Maryland.

 

1997 Winners

In 1997, the second year of the Prize, our committee consisted of Peter Boettke at Manhattan College, Peter Lewin at University of Dallas, and Larry White at University of Georgia.

The 1997 winners are Israel Kirzner and Frank Machovec.

Israel Kirzner is Professor of Economics at New York University. His article, "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach" appeared in the Journal of Economic Literature, March 1997, pp. 60-85.

Frank Machovec is Associate Professor of Economics at Wofford College, Spartanburg, SC. His book is titled Perfect Competition and the Transformation of Economics, New York: Routledge, 1995.

Charles W. Baird, the Director of the Smith Center, presented the prize checks on November 22, 1997 at the SDAE dinner in the Atlanta Hilton and Towers Hotel.

 

1996 Winners

In 1996, the first year of the Prize, our committee consisted of Roger Garrison at Auburn University (Chair), Karen Vaughn at George Mason University, and Israel Kirzner at New York University. Garrison and Vaughn have been Smith Center advisors since 1991.

The 1996 winners were Lawrence White and George Selgin, both at the University of Georgia, Athens, who coauthored "How Would the Invisible Hand Handle Money?" published in The Journal of Economic Literature Volume XXXII, Number 4 (December 1994).

Charles W. Baird, the Director of the Smith Center, presented the prize checks on November 24, 1996 at the 7:00 PM SDAE dinner in the State Room of the Washington Hilton Towers Hotel in Washington DC.