Steven Horwitz

Steven Horwitz

  • Affiliated Senior Scholar
  • Charles A. Dana Professor of Economics, St. Lawrence University

Steven Horwitz is a Mercatus Center Affiliated Senior Scholar, the Charles A. Dana Professor of Economics and department chair at St. Lawrence University in Canton, NY.  He completed his MA and PhD in economics at George Mason University and received his A.B. in economics and philosophy from The University of Michigan.  He is the author of two books, Microfoundations and Macroeconomics: An Austrian Perspective (Routledge, 2000) and Monetary Evolution, Free Banking, and Economic Order (Westview, 1992), and he has written extensively on Austrian economics, Hayekian political economy, monetary theory and history, and macroeconomics. In addition to several dozen articles in numerous professional journals, he has also done nationally recognized public policy work on the role of the private sector during Hurricane Katrina for the Mercatus Center, where he is an Affiliated Senior Scholar.  The author of numerous op-eds, Horwitz is a frequent guest on TV and radio programs, particularly speaking on the Great Recession and monetary policy. His current research is on the economics and social theory of the family, and he is at work on a book on classical liberalism and the family.

Horwitz co-edits the book series Advances in Austrian Economics and is a contributing editor at The Freeman.  He also blogs at “Coordination Problem” and “Bleeding Heart Libertarians.”  Horwitz is a past recipient of three fellowship research grants from the Earhart Foundation and has been a visiting scholar at the Social Philosophy and Policy Center at Bowling Green State University.  He was awarded the Hayek Prize in 2010 by the Fund for the Study of Spontaneous Order for his work on the economics of the family among other contributions. At St. Lawrence, he has been the recipient of the the Frank P. Piskor Lectureship for 1998-99 and the J. Calvin Keene Award in 2003, and served as Associate Dean of the First Year from 2001 to 2007. A member of the Mont Pelerin Society, Horwitz has spoken to professional, student, policymaker, and general audiences throughout the US, Canada, Europe, and South America.

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Published Research

Steven Horwitz | Apr 02, 2013
This study examines the history and operation of the Federal Reserve System. It explores the Fed’s origins in American economic history and emphasizes the political compromises that produced it.
Peter J. Boettke, Steven Horwitz | Dec 02, 2009
The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what…
Steven Horwitz | Apr 15, 2009
The unprecedented impacts of Hurricane Katrina provide an interesting study in how organizations innovate and improvise in the face of the unexpected. Two of the stand-out responders were Wal-Mart and the United States Coast Guard —one private-sector firm, the other a part of the federal government.
Steven Horwitz | Mar 20, 2009
This paper describes aspects of Wal-Mart’s emergency response system and details their actions during the storm.

Working Papers

Steven Horwitz, William Luther | Oct 25, 2010
This paper argues that the primary source of business fluctuation observed over the last decade is monetary disequilibrium. Additionally, the authors claim that unnecessary intervention in the…
Steven Horwitz | Oct 07, 2010
Although it has yet to make an appearance on the current economic scene, inflation continues to be a ghost that haunts the future of the U.S. economy. As part of the variety of expansions of…
Steven Horwitz | Aug 2009
Major American companies from Marriott to McDonald’s to Wal-Mart undertook major and minor acts of bourgeois virtue and contributed in a significant way to the recovery from Hurricane Katrina. Doing…
Steven Horwitz, Gene Callahan | Jun 2009

Expert Commentary

Jan 08, 2014

Discussions about whether we need a new War on Poverty paint a picture of increasing inequality and worsening poverty in the U.S. that could only be solved by more federal-government intervention. Calling for a new War on Poverty overlooks the larger history of economic growth and the real gains in the living standards of poor Americans since the Johnson era.
Sep 18, 2013

The Federal Reserve Board today is expected to announce plans to begin tapering its latest round of quantitative easing (QE). The possibility of tapering the QE program has at times created volatility in the stock market, and supporters of the monetary stimulus have argued that QE has not increased inflation.
Sep 15, 2013

Steven Hortwitz at New York Daily News.
May 20, 2013

Since the financial meltdown in 2008, the Federal Reserve's range of powers have expanded, as have the kinds of financial institutions it monitors and regulates. Fed Chairman Ben Bernanke is now saying that the Fed's oversight has expanded beyond strictly financial institutions to wide swaths of the economy that might, in his words, provide evidence of "emerging vulnerabilities."


Steven Horwitz


Steven Horwitz | August 25, 2011
Earlier this month, Republican presidential candidate Mitt Romney said, "Corporations are a lot like you and me." Beltway pundits are calling it a campaign gaffe. But what was Romney actually getting at? Are corporations people? Steve Horwitz and other discuss.
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