College of Humanities and Social Sciences

Peter J Boettke

Peter J Boettke

Peter J Boettke

University Professor

Austrian economics, institutional economics, and comparative economics

Peter Boettke is a University Professor of Economics and Philosophy at George Mason University, the BB&T Professor for the Study of Capitalism, and the Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

As a teacher, Boettke is dedicated to cultivating enthusiasm for the economic way of thinking and the importance of economic ideas in future generations of scholars and citizens.  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 (12th Edition, Prentice Hall, 2009).  His efforts in the classroom have earned him a number of distinctions including the Golden Dozen Award for Excellence in Teaching from the College of Arts and Sciences at New York University and the George Mason University Alumni Association's 2009 Faculty Member of the Year award.

In 2005, Boettke received the Charles Koch Distinguished Alumnus award from the Institute for Humane Studies and the Jack Kennedy Award for Alumni Achievement from Grove City College.  Boettke was the 2010 recipient of the Association of Private Enterprise Education’s Adam Smith Award as well as George Mason University's College of Humanities and Social Sciences Distinguished Alumnus of the Year Award.  In 2012, Boettke received a doctorate honoris causa in Social Sciences from Universidad Francisco Marroquin.  In 2013, Dr. Boettke received his second honorary doctorate from Alexandru Ioan Cuza University in Romania.

Selected Publications


Authored Books

Living Economics: Yesterday, Today and Tomorrow, Oakland, CA: The Independent Institute and Universidad Francisco Marroquin, 2012. Spanish e-book translation, 2013. Romanian Translation, 2013.

The Economic Way of Thinking, (with Paul Heyne [original author] and David Prychitko, preface by Douglass North), 10th ed., 2002; 11th ed., 2005; 12th ed., 2009; 13th ed., 2013, Upper Saddle River, NJ: Prentice Hall.

The Battle of Ideas: Economics and the Struggle for a Better World, (The Sir Ronald Trotter Lecture), Wellington, NZ: NZBR, 2007.

Is an Independent Non-Profit Sector Prone to Failure?, (with David Prychitko), In Lenore Ealy, ed, Conversations in Philanthropy series. Indianapolis, IN: The Philanthropic Enterprise, 2004.

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.

Why Perestroika Failed: The Politics and Economics of Socialist Transformation, London: Routledge, 1993. The Political Economy of Soviet Socialism: The Formative Years, 1918-1928, Boston: Kluwer Academic Publishers, 1990.

For a full listing of Professor Boettke's research and publications, please visit his personal webpage

Expanded Publication List

For a full listing of Professor Boettke's research and publications, please visit his personal webpage


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

Doctoral Thesis Title: “The Political Economy of Soviet Socialism, 1918-1928”

Dissertations Supervised

Joshua P. Hill, The Agency Problem of Empire: Britich Bureaucracy and Institutional Path Dependence (2009)

Michael Thomas, The Political Economy of Repugnance (2009)

Ferruccio Magatelli, Order, Institutions, and Ethics and Hayek's Thought (2009)

Tyler Watts, It's a Knowledge Problem World: Three Essays on the Knowledge Problem in Economics (2010)

Adam C. Smith, The Calculus of Conflict (2010)

Alexander Fink, Three Essays in Political Economy with Applications to the Hanseatic League (2011)

Nicholas Snow, Rumrunners, Hooligans, and Politicians: Essays on the Political Economy of Intervention (2012)

Shruti Rajagopalan, Economic Analysis of Amendments to the Indian Constitution (2013)

Arielle John, Three Essays on Culture and Economic Activity (2013)

Ryan Langrill, Three Essays in the Microfoundations of Social Change (2013)

Jesse Gastelle, Keynesianism as Fulfillment (2013)

Olga Nicoara, Essays on Entrepreneurship and Social Change (2014)

Liya Palagashvili, Aid and the Role of External Influence in Polycentric Institutions (2015)

Vlad Tarko, Living within Rules: A Theoretical and Empirical Exploration of Institutional Diversity and Optimal Federalism (2015)

Solomon Stein, Theory and Method in Contemporary Interpretations of the Market Process (2015)

Laura Grube, Disaster Recovery and the Role of Self-Governance (2015)

Jennifer Smith, Values and Economic Organization (2007)

Daniel Smith, Heterogeneity and Exchange: La Convivencia (2011)

Emily Schaeffer, The Political Economy of Urban Reconstruction, Development and Planning (2009)

Kyle W. O'Donnell, Essays on Economics, the Economics Profession, and Applied Political Economy (2015)

Stefanie Haeffele-Balch, The Political Economy of Nonprofit Social Enterprises (2015)

Jennifer Dirmeyer, The Political Economy of Local Governance and S (2009)

Leonid Krasnozhon, Institutional Analysis of Ukraine's Post-Socialist Economic Development (2010)

Triyakshana Seshadri, The Political Economy of Special Economic Zones in India (2011)

Adam Martin, The Use of Knowledge in Comparative Economics (2009)

David Skarbek, The Economics of Prison and Street Gangs (2010)

Geoffrey Lea, Booms, Bubbles, and Busts: Three Essays in Business Cycles and the Housing Crisis of 2008 (2010)

Anthony Evans, Subjectivist Social Change: The Influence of Culture and Ideas on Economic Policy (2007)

Daniel Damico, The Imprisoner's Dilemma: The Political Economy of Proportionate Punishment (2008)