SLU professor awarded economics prize
Monday, February 21, 2011 - 10:40 am

CANTON - St. Lawrence University Dana Professor of Economics Steven G. Horwitz has been awarded the Hayek Prize by the Fund for the Study of Spontaneous Orders at the Atlas Economic Research Foundation.

It is the 15th awarding of the prize, given for "scholarship that applies the paradigm of methodological individualism that is at the heart of the perspective of Austrian economics to areas of inquiry outside of traditional economic inquiry."

The announcement states, "Horwitz merits this award for his wide-ranging application of his insights on spontaneous orders (in his words, 'unplanned, undesigned, emergent orders') to such diverse topics as monetary theory, history, and policy; causes of the Great Recession; private enterprise and disaster relief; gender roles and the evolution of the family; the theory of the mind and its relationship to the firm and organizational learning; and the relation of history to theory in the development of Austrian economics.

In his many writings Horwitz has helped move the Austrian perspective beyond its sometimes past parochial arguments into the broad stream of contemporary academic discourse.

In this effort, the Fund has found that Horwitz invariably has brought creative enthusiasm and fair-mindedness to his teaching and to his intellectual interaction with his professional peers."

In addition to a cash prize, the award includes sponsorship of Horwitz for a short-term visiting professorship at another American college.

Horwitz, named Dana Professor in 2007, is a graduate of the University of Michigan, with a master's degree and Ph.D. from George Mason University, and has been on the St. Lawrence faculty since 1989.

A specialist in monetary theory and history, macroeconomics and political economy, he is the author of the 1992 book Monetary Evolution, Free Banking, and Economic Order and the 2000 book Microfoundations and Macroeconomics: An Austrian Perspective.

Horwitz delivered the 1999 Frank P. Piskor Faculty Lecture, and has published extensively on economics and public policy in scholarly journals.

He also has had a number of opinion pieces and essays published in print newspapers and on blogs and is a regular guest on the Fox Business Network program "Freedom Watch."