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D.W. MacKenzie

Member of: FEE Faculty Network

D.W. MacKenzie earned a Ph.D. in Economics from George Mason University. Dr MacKenzie studied under distinguished free-market economists, most notably James Buchanan, Gordon Tullock, Roger Garrison, and Tyler Cowen.  He has taught economics for over twenty years, at Kean University, Ramapo College, SUNY Plattsburgh, Ohio Northern University, and presently at Carroll College. Dr MacKenzie has over 100 publications, the first of which came out in The Freeman in 2002. He conducts research in several academic fields: capital investment in alternative economic systems, trade cycles and employment, and modern economic history.  Dr MacKenzie resides in Helena, Montana. 

D.W. MacKenzie's Articles

A Nobel Prize for Contract Theory

Award winners Oliver Hart and Bengt Holström deserve to be recognized. However, while many of the general issues and institution Hart and Holström studied were the same as those examined by Mises and Hayek, Mises and Hayek emphasized the consequences of the lack of contracts and relevant prices outside of the private sector.

- October 11, 2016

Here Is the Proof that Foreigners Are Not Stealing American Jobs

Politicians who blame foreigners for the poor state of labor markets in the United States are profoundly misinformed.

- September 07, 2016

Fear the Unknown: How Policy Uncertainty Hurts Growth

If investors and employers are clueless about the next political disaster, they hold back from financial commitments.

- July 11, 2016

Did the Fed Fix the Economy? There's Strong Evidence of a Weak Recovery.

Seven years after bailouts, stimulus, and a flood of fiat money, government officials are struggling to save their legacy. 

- November 03, 2015

Can We Afford “Affordable Care”?

Politics and John Roberts may have preserved Obamacare in the short run. But the fiscal reckoning isn't far off.

- September 23, 2015

Buffaloed by Hidden Taxes

All too many Americans are buffaloed by the hidden tax and regulatory costs that everyone pays.

- February 24, 2015

Down and Out in the Middle-Class Economy

The president’s claims notwithstanding, we are living in the worst period in the 50 years of our federally managed economy. 

- February 09, 2015

Jonathan Gruber’s Big, Benevolent Fraud

If the ACA benefits Americans, why did it need to be misrepresented?

- November 17, 2014

VA Bottleneck: Scandal or Norm?

The VA is a mess because big bureaucracies simply can't function efficiently. It's scandalous that so many in power still believe they can.

- May 22, 2014

Tragedy of the Healthcare Commons

The ACA (Obamacare) creates more open-access commons in healthcare, which will result in overconsumption and push the United States more quickly to insolvency.

- February 10, 2014

Debt-Ceiling Crises: Imagined and Real

If the U.S. government wants to get serious about paying the next few months' bills, the President could start by selling some assets. The long-term problems are another matter. 

- October 10, 2013

Profits Are the Only Business of Business

It is to Friedman’s credit that most of his 1970 article "The Social Responsibility of Business Is to Increase Its Profits" still rings true today.

- September 13, 2013

Remembering Coase

Ronald Coase lived a remarkable life, ending up in economics by chance but playing a crucial role in shaping the discipline’s modern form. His efforts were rewarded with the 1991 Nobel Memorial Prize in Economic Sciences. 

- September 04, 2013

Breaking the Law of Demand

Minimum-wage laws have failed to help the people whom these laws were supposed to help. Those who truly want to help lower-income Americans should press for the repeal of these laws.

- August 05, 2013

Micro over Macro

A little-used measure of unemployment and job vacancies suggests why unemployment remains stubbornly high. 

- June 26, 2013

The Futility of Tax Increases

Targeting tax increases at just "the wealthy" is impossible—and won't solve any of the government's financial woes.

- January 21, 2013

A Few Observations on the Efficiency of Local Government

We’ve heard of cities going bust after city managers and the like get through looting them. Wasting money, though, is a matter of routine for local governments, says D. W. MacKenzie.

- November 12, 2012

I, Government

- October 01, 2002

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