Frederic Sautet

Frederic Sautet

  • Mercatus Center Senior Research Fellow, Social Change Project
  • Adjunct Professor of Economics, George Mason University

Frederic Sautet is a senior research fellow at the Mercatus Center at George Mason University. He is the former senior editor of the Mercatus Policy Series. He is also an adjunct professor of economics and, as a member of the graduate faculty at George Mason University, he serves on several PhD dissertation committees.

His work experience includes management strategy at General de Service Informatique and public policy at the New Zealand Commerce Commission and the New Zealand Treasury. He currently focuses, among other things, on entrepreneurship in theory and policy.

Dr. Sautet is the co-author of Action ou Taxation (published in 1996 by Editions Slatkine, Geneva, and co-edited with Philippe Lacoude), An Entrepreneurial Theory of the Firm  (published in 2000 by Routledge, London). His writings in economics have been published or are forthcoming in Entrepreneurship: Theory and Practice, The Independent Review, Le Journal des Economistes et des Etudes Humaines, The Review of Austrian Economics, The New Zealand Law JournalInternational Entrepreneurship and Management Journal, and other scholarly publications. He is a contributor to the Handbook of Research on Clusters, The New Handbook on Austrian Economics (Peter Boettke Ed.), and Making Poor Nations Rich: Entrepreneurship and the Process of Development (Benjamin Powell Ed. with a foreword by Deepak Lal). He is the co-editor with Peter Boettke of The Collected Works of Israel Kirzner published by Liberty Fund in ten volumes. He is also a frequent contributor to Le Figaro and other media outlets.

He also has many publications on policy issues in the Mercatus Policy Series, the New Zealand Ministry of Economic Development Occasional Paper Series, the New Zealand Business Roundtable policy papers, and other outlets. Dr. Sautet has consulted with many government agencies, international organizations, and policy institutes, among which the New Zealand Ministry of Economic Development, the New Zealand Business Roundtable, the French Government, the United Nations Industrial Development Organization, and Excellence in Government. He is also a co-blogger of The Austrian Economists blog.

Dr. Sautet earned a doctorate in economics from the Université de Paris Dauphine and did the course work for his doctorate at the Institut des Etudes Politiques in Paris. He also studied at New York University under the auspices of Prof. Israel Kirzner and Mario Rizzo as a visiting scholar and post-doctorate fellow.

PUBLISHED RESEARCH

Research Paper/Study
Institutions Matter: Can New Jersey Reverse Course? image

Institutions Matter: Can New Jersey Reverse Course?

New Jersey entered the current recession in a weakened fiscal and economic condition. The current recession is severe, but this fiscal dilemma is not new. The state has experienced structural deficits regularly over the past 20 years. This paper presents a series of reforms based on the successful experience of other governments. It begins with a background discussion of the challenges New Jersey will face in implementing these reforms by reviewing the state of the state and the loss of the “Old-Time Fiscal Religion,” the foundation of public finance until the Keynesian revolution of the 1940s. The paper explains the limits of public policy and government intervention and explores the importance of inter-jurisdictional competition and direct democracy, concluding with recommendations for institutional and policy reforms.

Journal Article

Entrepreneurship, Institutions, and Economic Growth

Frederic Sautet | Sep 08, 2008
This paper provides a brief view of growth and social change taken from the perspective of the entrepreneurial process and Austrian economics.

Journal Article

Entrepreneurial Policy: The Case of Regional Specialization Vs. Spontaneous Industrial Diversity

Regional economic development policy is recognized as a key tool governments use to foster economic prosperity. Whether specialization (or diversity) of economic activities should be a regional development policy goal is often debated. This paper addresses this question in a local-diversity context, by reviewing traditional arguments in its favor, supplemented with evidence for more entrepreneurial concepts like industrial symbiosis and Jacobs externalities.

WORKING PAPERS

The New Comparative Political Economy-Working Paper

With the collapse of communism in the late 1980s the field of comparative political economy has undergone major revision. Socialism is no longer considered the viable alternative to capitalism it once was. We now recognize that the choice is between alternative institutional arrangements of capitalism. Progress in the field of comparative political economy is achieved by examining how different legal, political and social institutions shape economic behavior and impact economic performance. In this paper we survey the new learning in comparative political economy and suggest how this learning should redirect our attention in economic development.

POLICY BRIEFS

Tax and Expenditure Limits for Long-Run Fiscal Stability image

Tax and Expenditure Limits for Long-Run Fiscal Stability

In the public sector, no tool adjusts spending to changing conditions. In the current recession, many states have decreased revenues, but little decreased spending has been seen. This pattern raises a difficult question: How do states correct for the inflexibility in spending cuts?

The American Recovery and Reinvestment Act: Is More Federal Grant Money What the States Need? image

The American Recovery and Reinvestment Act: Is More Federal Grant Money What the States Need?

Instead of attempting a short-term fix of amplifying the grant system through an emergency stimulus package, the federal government should work to make state and local governments accountable for their own spending decisions. This means reducing states’ and localities’ reliance on federal funding for local priorities and allowing local activities to be addressed by the appropriate mechanisms: state and local governments and the private and philanthropic sectors.

The American Recovery and Reinvestment Act: Will More Public Spending Pave the Way to Better Infrastructure? image

The American Recovery and Reinvestment Act: Will More Public Spending Pave the Way to Better Infrastructure?

While America’s infrastructure may indeed need improvement, public spending is not the best way to fix it. Our infrastructure needs more than just a physical overhaul. It needs to move from an outmoded model of government provision to a system that permits and encourages innovation and flexibility.

TESTIMONY & COMMENTS

Public Interest Comment
Strengthening Economic Freedom: Natural Resource Indicators and Economic Growth image

Strengthening Economic Freedom: Natural Resource Indicators and Economic Growth

In this policy comment submitted to the Millennium Challenge Corporation (MCC), the Mercatus Center reflects on the first three years of the MCC and evaluates the potential of two proposed "natural resource indicators" as criteria for awarding aid grants to developing countries. The MCC was created in 2003 by policy makers who saw potential to go beyond the failed programs that had characterized sixty years of American international assistance.

MEDIA CLIPPINGS

NJBiz

N.J.’s state spending is no longer sustainable

Eileen Norcross and Frederic Sautet are mentioned on NJBiz regarding their report on New Jersey's fiscal health. Click here to read the fulll article. "Norcross, a Woodbridge native, presented the report Oct. 6 in Trenton. She said the state's structural flaws haven't been addressed by the candidates for governor."…

Les Echos

Les Echos: Expert reckons that French nuclear energy market needs competition

Frederic Sautet | Jul 22, 2009
Frederic Sautet's op-ed about the benefits of competition in the French nuclear energy market was published in Les Echos, a French financial newspaper. To view the article click here. "Sautet noted the privatisation of nuclear assets and their division among several players would be the best solution to create a competitive environment with lower prices and…

Forbes.com

Who's Next In Line For A Bailout?

Who's Next In Line For A Bailout?   Federal subsidies go by many names: bailout, assistance, aid, economic stimulus; they come in many forms: cash infusions, loans, tax breaks. But their effect is the same. Subsidies, whether broad or targeted, do not deliver recovery. They veil bad behavior and poor financial decisions, while encouraging more of the…