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Economic Rockstar

Connecting Brilliant Minds in Economics and Finance

092: Graham Brownlow on Rent Seeking, Cliometrics and the Economics of the DeLorean

June 30, 2016 by Frank

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092: Graham Brownlow on Rent Seeking, Cliometrics and the Economics of the DeLorean

Dr. Graham Brownlow (PhD, QUB) is a Lecturer in Economics at Queen’s University in Belfast, Northern Ireland.Graham Brownlow Economic Rockstar

Dr. Brownlow’s research focuses primarily on economic history and institutions, evolutionary economics, Irish economic and business performance and violence. He also has an interest in methodology in economic and business history.

Graham edits the journal Irish Economic and Social History.

I’m very eclectic and pragmatic – Dr. Graham Brownlow

Economics:

In this episode, Graham mentions: rent seeking, cliometrics, inefficiency, corruption, institutions, subsidies, Brexit, monopolies, sharing economy, fast money, game theory, bargaining, public choice, regional economics and economic history. 

Economists:

In this episode, Graham mentions: Peter Boettke, Peter Leeson, Gary Becker, William Baumal, Douglass North, Robert Hamilton, Eli Hecksher, Adam Smith, John Maynard Keynes, Joseph Schumpeter, Friedrich Hayek, Milton Friedman, George Duncan, Tim Harford, Steven Landsburg and G. L. S. Shackle.

Using Analytic Narratives in Economic Research

Looking to balance the details of fact and yet keep the rigour of an economic model – Graham Brownlow

  1. Identify the problem or puzzle.
  2. Immerse yourself in the topic or resources.
  3. Move to more formal aspects.
  4. Don’t start with the model and then use it to explain your findings.
  5. You actually first look at the historical issue under investigation and then apply it to the model.

Links:

  • Mont Pelerin Society

Research by Dr. Graham Brownlow:

  • Back to the Failure: An Analytic Narrative of the De Lorean Debacle (2015).
  • Soft Budget Constraints and Regional Industrial Policy: Reinterpreting the Rise and Fall of De Lorean (2015).
  • ‘Review of Cullen Economy, Trade and Irish Merchants at Home and Abroad, 1600-1988’ (2013).
  • How do we Ensure a Useful Future for Irish Cliometrics? (2012).
  • A complete list of Graham’s research can be found here.

Economics of the DeLorean Economic Rockstar

Where to Find Graham:

  • Queen’s University, Belfast, Northern Ireland
  • Twitter: @GrahamBrownlow

Books:

  • The Undercover Economist by Tim Harford
  • The Undercover Economist Strikes Back: How to Run – or Ruin – an Economy by Tim Harford
  • The Undercover Economist, Revised and Updated Edition: Exposing Why the Rich Are Rich, the Poor Are Poor – and Why You Can Never Buy a Decent Used Car! by Tim Harford
  • The Logic of Life: The Rational Economics of an Irrational World by Tim Harford
  • Adapt: Why Success Always Starts with Failure by Tim Harford
  • Messy: The Power of Disorder to Transform Our Lives by Tim Harford
  • The Armchair Economist: Economics and Everyday Life by Steven Landsburg
  • Economics for Pleasure by G. L. S. Shackle
  • The New Geography of Jobs by Enrico Moretti

 

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082: Peter Boettke on Smith and Keynes and Why We Should Be ‘Living Economics’

April 21, 2016 by Frank

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082: Peter Boettke on Smith and Keynes and Why We Should Be ‘Living Economics’

Peter Boettke is Professor of Economics and Philosophy at George Mason University, the BB&TPeter Boettke Economic Rockstar 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.

Peter is now the co-author, along with David Prychitko, of the classic principles of economics texts of Paul Heyne’s The Economic Way of Thinking.

Professor Boettke’s most recent book, Living Economics, provides a resource for how teachers and students can engage in many fascinating questions in economics and illuminates the core principles that should guide our thinking.

Peter’s 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.

Peter’s research has primarily been in the area of comparative political and economic systems and the consequences with regard to material progress and political freedom.

Economics:

In this episode, Peter mentions: Classical economics, Austrian economics, Keynesian economics, credit transmission, institutions, the invisible hand, mainline economics, mainstream economics, private property, public choice, rent-seeking, opportunity cost, scarcity, exchange, markets, negative externalities, laissez-faire, Coase theorem, Pigouvian tax, reciprocity, inflation, stagflation and Malthus’ theory of The General Glut.

Economists:

In this episode, Peter mentions: Adam Smith, F. A. Hayek, Ludwig von Mises, Milton Friedman, Paul Samuelson, John Maynard Keynes,Frédéric Bastiat, David Hume, Vernon Smith, Thomas Robert Malthus, J. K. Galbraith, Paul Heyne, Hyman Minsky, Thorstein Veblen, Steve Keen, Ben Bernanke, Arthur Pigou, Gordon Tullock, James Buchanan, Robert Coase, Elinor Ostrom, Vincent Ostrom and Major Douglas.

Papers:

  • Teaching Austrian Economics to Graduate Students
  • Beyond Equilibrium Economics: Reflections on the Uniqueness of the Austrian Tradition

Books:

  • Living Economics: Yesterday, Today, and Tomorrow by Peter J. Boettke
  • The Economic Consequences of Peace by J. M. Keynes
  • The End of Laissez-Faire by J. M. Keynes
  • The Rogue Gallery of Economic Thinkers by J. M. Keynes
  • The Road to Serfdom by F. A. Hayek
  • Challenging Institutional Analysis and Development: The Bloomington School by Paul Dragos Aligica and Peter Boettke
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Frank Conway

Frank Conway is founder of Economic Rockstar and lecturer of economics, finance and statistics. Read More…

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Recent Posts

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