FEE trustee Peter Boettke's Living Economics has been nominated for the Manhattan Institute's Hayek Prize. The prize is awarded to the book published within the past two years that best reflects Hayek’s vision of economic and individual liberty.
"Living Economics is a treatise of Professor Boettke's work as a student and a teacher of mainline economics. The real value of this book is not that it teaches economic theory, as much as it outlines the boundaries of the economist's role in society," writes FEE Director of Academic Affairs Tsvetelin Tsonevski in his nomination. "Professor Boettke sees the economist's role in society more as the role of a student, not as the role of a teacher. For Mises and Hayek, an economist's role is not to prescribe economic behavior; the role of an economist is rather to observe human behavior and analyze social interactions. Following the path of his teachers, Peter Boettke sees the world through "the economics lens" and adopts the same approach. For Boettke, economics is not an engineering discipline, but a way of thinking, a way of understanding social cooperation within the limits of any given institutional framework."
The Foundation for Economic Education has always championed the lead thinkers in the Austrian school of economics. FEE supported Ludwig von Mises and played an instrumental role in publishing his treatise Human Action. We proudly claim that most of the leading "Austrian" economists today received their first "Austrian" economics lectures at FEE. Summer seminars, as well as the pages of The Freeman, sparked their intellectual curiosity.
"Professor Boettke is an influential figure in the intellectual development of mainline economics. During his academic career he has mentored many students who later went to pursue careers in academia and business. This book is his way to reach beyond the boundaries of the classroom. Living Economics is balanced and includes economic views with which Professor Boettke wholeheartedly disagrees. This, to me, is the highest value a book can offer to its readers: intellectual honesty and humility. Professor Boettke excels in both."