News and Notes

Camila Orozco Espinel Joins Faculty at the University of Reims

Camila Orozco Espinel Joins Faculty at the University of Reims

Camila Orozco Espinel, a 2019–20 HOPE Center fellow, has joined the economics faculty at the University of Reims as an assistant professor of economics. She will teach economic theory and the philosophy of science. Congratulations, Camila!

Sarah Small Appointed Research Associate at Root Policy Research

Sarah Small Appointed Research Associate at Root Policy Research

Sarah Small, a 2020–21 HOPE Center fellow, has been appointed as a research associate at Root Policy Research, in Denver, Colorado. She is working on childcare demand and access, as well as equitable housing in the West. Root Policy Research is a community planning and housing research firm, providing custom, creative, and high-value analysis and strategy for its clients. Congratulations, Sarah!

Daniel Nientiedt's Latest Publication Looks at Hayek and Legal Positivism

Daniel Nientiedt's Latest Publication Looks at Hayek and Legal Positivism

Daniel Nientiedt, a 2019–20 HOPE Center fellow, has published an article in the European Journal of Law and Economics that looks at Hayek and legal positivism. Titled "Hayek's Treatment of Legal Positivism," the article discusses Hayek's critique of legal positivism: that it destroys the rule of law and that it amounts to constructivism. Legal positivism sets forth conditions that determine whether a law is valid.

The article builds on work that Daniel conducted during his fellowship at the Center. Congratulations, Daniel, on the publication!  

 

Sofia Valeonti Named New Assistant Professor at the American University of Paris

Sofia Valeonti Named New Assistant Professor at the American University of Paris

Beginning in August, Sofia Valeonti, a 2020–21 HOPE Center Fellow, will be an assistant professor of economics at the American University of Paris. Sofia will teach the principles of macroeconomics, the principles of microeconomics, and intermediate macroeconomics, as well as an elective course. Congratulations, Sofia!

Beatrice Cherrier Discusses Milton Friedman on Radio France

Beatrice Cherrier Discusses Milton Friedman on Radio France

Beatrice Cherrier, a former fellow of the HOPE Center, recently discussed Milton Friedman for a new series on the famous economist produced by Radio France. 

The series, titled Qui a peur de Milton Friedman? [Who is afraid of Milton Friedman?], is available on the radio channel France Culture

Bruce Caldwell Discusses "The Road to Serfdom" on the AEA's Research Highlights Podcast

Bruce Caldwell Discusses "The Road to Serfdom" on the AEA's Research Highlights Podcast

Bruce Caldwell, the director of the HOPE Center, recently spoke with the AEA's Tyler Smith about F. A. Hayek's Road to Serfdom. The interview can be heard on the AEA's website as an episode of the podcast Research Highlights.

As Bruce explains in the interview, "The basic argument that [Hayek's] making is that when you concentrate power in the hands of few people in a socialist regime, . . . the government is everyone's boss in terms of producing goods, and they make allocation decisions about jobs that people will have and decisions about what sorts of goods are going to be produced. And in this sort of set up, he said, people are not going to be happy."

The interview was conducted in conjunction with the publication of Bruce's essay on The Road to Serfdom that appears in the September 2020 issue of the Journal of Economic Literature.

Mauro Boianovsky Delivers Keynote Address at the Brazilian Economic Meetings

Mauro Boianovsky Delivers Keynote Address at the Brazilian Economic Meetings

Mauro Boianovsky, a 2015–16 HOPE Center Fellow, delivered the keynote address at this year's Brazilian Economic Meetings. The address, titled "Economists, Scientific Communities, and Pandemics: An Exploratory Study of Brazil (1918-2020)," discussed the historical aspects of the formation of the scientific community of economists in Brazil, taking the current research effort about the economics of COVID-19 as a starting-point. The text of the address is available on SSRN.

To be asked to deliver the keynote at the Brazilian meetings is the highest academic honor bestowed by the community of Brazilian economists. Congratulations, Mauro!

Steve Medema's Survey of the Coase Theorem Published in the JEL

Steve Medema's Survey of the Coase Theorem Published in the JEL

Steve Medema, the associate director of the HOPE Center, has published a major survey of the Coase theorem in the December 2020 issue of the Journal of Economic Literature.

Titled "The Coase Theorem at Sixty," the article examines the theorem’s origins, diffusion, and the wide variety of uses to which it has been put by economists and others over the sixty years since Coase published "The Problem of Social Cost."

The theorem states that--but, ah, that is precisely the problem. For one, in Coase's original article, there is no theorem as such. As Steve writes, "What we now know as the 'Coase theorem' is very much a creation of the community of economists and legal scholars who undertook to analyze and apply Coase’s insight." And, as Steve explains, "There is no unique statement of the Coase theorem; there are literally dozens of different statements of it, many of which are inconsistent with others and appear to mark significant departures from what Coase had argued in 1960."

In the 1960 article, Coase explored a situation in which one business harms or damages another interested party. Should the business pay compensation for the damage it caused? The traditional answer was yes. But Coase then asked, Can a mutually agreeable solution be reached without such a payment? Yes, Coase argued, and went on to demonstrate how.

As Steve concludes, the Coase theorem, whatever it may be and whatever form it may take, "is neither prediction nor testable hypothesis nor descriptor nor policy prescription. It is, and can be nothing more than, a benchmark—a generator of predictive, testable, descriptive, and policy insights."

Congratulations, Steve! 

Yann Giraud Promoted to Full Professor

Yann Giraud Promoted to Full Professor

Yann Giraud, a 2008–9 HOPE Center fellow and frequent contributor to HOPE, has accepted a full professorship with the modern languages and international studies department at Cergy Paris Université (formerly the University of Cergy Pontoise).

Cergy Paris Université is a cultural, scientific, and vocational establishment whose faculties include major disciplines such as law, economics and management, and science and technology, along with modern languages and international studies.

The program at Cergy Paris Université is in many ways unique--perhaps akin to an area studies program in the United States. As Yann explains, one of his courses examines the modern city, offering a multidisciplinary perspective on the political and social issues affecting cities. "Architecture, city planning, the place of women in the city, how neoliberal politics has affected cities, how some cities have been built from scratch—any and all of those subjects find a way into my lectures," Yann says. 

Congratulations, Yann, on this new and exciting position!

New Article by Aditya Balasubramanian Examines Economic Conservatism in India

New Article by Aditya Balasubramanian Examines Economic Conservatism in India

Aditya Balasubramanian, a 2017–18 fellow of the Center, has published an article in Past & Present. Titled "Contesting 'Permit-and-Licence Raj': Economic Conservatism and the Idea of Democracy in 1950s India," the article reconstructs Indian economic conservatism’s transnational history through an interconnected study of three founding figures of the party and the network of urban associations and periodicals brewing alternative ideas beneath the layers of dominant opinion in which they were embedded. This is Aditya's first scholarly publication, so congratulations indeed!

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