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Winter 2015

ISSN The Association of Private Enterprise Education

Volume 30, Number 4

Categories: Winter 2015 | Economic Analysis

Finding the "Middle Ground" in Academics: Important Lessons from Roger Garrison in Austrian Economics

Peter Boettke, George Mason University

Rosolino Candela, George Mason University

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TheJournalofPrivateEnterprise30(4),2015,113–117Findingthe“MiddleGround”inAcademics:ImportantLessonsfromRogerGarrisoninAustrianEconomicsPeterBoettkeGeorgeMasonUniversityRosolinoCandelaGeorgeMasonUniversity______________________________________________________AbstractRogerGarrisonhasplayedakeyroleinadvancingideasinAustrianmacroeconomicsthroughouthiscareer.Wediscussanumberof“Garrisonianwisdoms”thathaveprovidedimportantlessonsforeconomistsinnavigatinga“middleground”andseekingprofessionaladvancementwithinacademiceconomics.Takentogether,Garrison’slessonsrevealhowonecansuccessfullybuildandsustainanacademiccareerwhilestayingcommittedtotheadvancementandfurtherdevelopmentoftheintellectualtraditionoftheAustrianschoolofeconomics.__________________________________________________________JELCodes:A23,B31,E14Keywords:RogerGarrison,AustrianSchoolRogerGarrison’sreputationinAustrianeconomics,bothinhisresearchandinhisteaching,precedeshim.HeisregardedasoneoftheleadingmacroeconomistsintheAustriantraditionsinceitsrevivalaftertheSouthRoyaltonconferenceof1974.Theothercontributorstothissymposium—NicolásCachanosky,BobMulligan,AdriánRavier,MarkSkousen,andLawrenceWhite—haveprovidedathoroughdiscussiononhowGarrisonhasadvancedAustrianmacroeconomics.WeshouldneverforgetGarrison’smainlesson:whiletheremaybemacroeconomicproblems,thereareonlymicroeconomicexplanationsandsolutions.ForthoseworkingwithintheAustrianschoolofeconomics,thisstraightforwardlessoninmethodologymustalwaysbefollowedwhenaddressinginflation,unemployment,andindustrialfluctuations.Thismethodofeconomicanalysisprovidestheanalyticalcore,sotospeak,ofGarrison’scallforacapital-based,asopposedtoalabor-based,macroeconomics,113

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Title	Finding the "Middle Ground" in Academics: Important Lessons from Roger Garrison in Austrian Economics
Authors/Creators:	Peter Boettke, George Mason University Rosolino Candela, George Mason University
Year:	2015
Volume:	30
Number:	4
Pages:	113 - 117
Publisher:	0890-913X
ISSN:	The Association of Private Enterprise Education
Document Type:	Articles
Keywords:	Roger Garrison, Austrian School

Citation:
Boettke, Peter; Candela, Rosolino / 2015. "Finding the "Middle Ground" in Academics: Important Lessons from Roger Garrison in Austrian Economics." The Journal of Private Enterprise, 30(4): 113-117.