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, | 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

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."
Apr 01, 2013

This December will mark the 100th anniversary of the opening of the Federal Reserve. As we have seen in recent years, there is no institution of economic policy with more power and less transparency than the Fed.
Nov 01, 2012

The mistakes made by FEMA during its response to Hurricane Katrina are the stuff of legend. It failed to get to the worst hit areas for days, it was unprepared for the scope of the disaster, and many of the trailers it provided for temporary housing were later found to be toxic. It is hard to identify anything it did right in New Orleans and the Gulf Coast. Local politicians were merciless in their criticisms, even to the point of—rightly—praising the job done by Walmart in getting supplies to the New Orleans area and crediting Walmart's response with preventing looting and other problems in their towns.
Sep 24, 2012

Mercatus Center Scholar Steve Horwitz answers questions on the latest round of quantitative easing (QE) and what it means for our long-term economic outlook.

Contact

Steven Horwitz

Podcasts

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.