Economics
College of Humanities and Social Sciences

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Don Boudreaux Speaks for Cato Institute: Don't Fear the Trade Deficit

Don Boudreaux Speaks for Cato Institute: Don't Fear the Trade Deficit

Professor Boudreaux is also an Adjunct Scholar at the Cato Institute. On March 24, 2011, he spoke at the Cato Hill Briefing and argued that the U.S. trade deficit is less of a problem than many people might believe. He said that trade deficits are prime indicators of foreign investment in a country, which will inevitably lead to wage and standard of living increases.

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"It’s Time to Face the Fiscal Illusion"

"It’s Time to Face the Fiscal Illusion"

Tyler Cowen's recent New York Times article explains the perverse political incentives that motivate the making of fiscal policy. These incentives were famously and carefully identified by Mason's Professors, James Buchanan and Richard Wagner.

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Russ Roberts Testifies for Subcommittee on Regulatory Affairs: Stimulus Oversight & Govt Spending

Russ Roberts Testifies for Subcommittee on Regulatory Affairs: Stimulus Oversight & Govt Spending

In Dr. Russ Roberts’ testimony to the Subcommittee on Regulatory Affairs: Stimulus Oversight and Government Spending, he explains what went wrong with the stimulus packages. He purports that the Keynsian models that justify the stimulus package were flawed. He states that Keynsian models have been wrong before and sites examples of government actions during World War II. Dr. Roberts’ advice to the subcommittee: “Let’s get back to basics; when you’re in a hole, stop digging. Stop running deficits of over 1.5 trillion dollars and counting. Act like grownups; get your fiscal house in order. Stop spending 25% of what we produce. Stop wasting my money and giving it to your friends. Stop passing legislation that makes it hard to figure out what the rules of the game are going to be. Get out of the way; make government smaller and give us a chance to do what comes naturally, seeking ways to make profit, avoid loss, and work together.”

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Cowen's New Book Draws Attention, Sparks Debate

Cowen's New Book Draws Attention, Sparks Debate

George Mason University economist Tyler Cowen recently published his latest book, The Great Stagnation, as an e-book. His work has drawn much attention, including reviews and commentary by the Washington Post, New York Times and Forbes.com.

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Tyler Cowen Selected as the 2011 Economics Alumnus of the Year

Tyler Cowen Selected as the 2011 Economics Alumnus of the Year

Congratulations to Tyler Cowen who has been selected as the Economics Alumnus of the Year by the Department of Economics at George Mason University! This award is a College of Humanities and Social Sciences award recognizing and honoring outstanding alumni for their achievements. Dr. Cowen will be recognized in a celebration on May 20, 2011 at 12:30 PM (immediately following the undergraduate convocation ceremony) in the Edwin Meese Conference Room in Mason Hall.

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Freakonomics References Professor Klein's Survey Data

Freakonomics References Professor Klein's Survey Data

In the New York Times Freakonomics blog article, "Should We Be Surprised at Political Bias in Academia?" the author shows that many social psychologists have a liberal bias. Professor Daniel Klein's data is referenced as the addendum and the article links directly to his survey data and documents.

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