Harwood Economic Review
Table of Contents
That’s One Way to End a Lockdown
SimCity-Style Modeling Flunks the Real-World Test
Phillip W. Magness
How Wrong Were the Models and Why?
Phillip W. Magness
Delayed Medical Procedures: Stories from the Front Lines
Jeffrey A. Tucker
Fed Lending Programs Might Be Legal, but They’re Still Bad Policies
Alexander W. Salter
The Fed Wants to Become a Financial Central Planner
Alexander W. Salter
Pandemic Policy in One Page
Liberalism Was Born and Grew During Centuries of Pandemics
There Really Is a Solid Reason for Optimism
The Office Will Come Back
Founded in 1933, the American Institute for Economic Research (AIER) is one of the oldest and most respected nonpartisan economic research and advocacy organizations in the country. With a global reach and influence, AIER is dedicated to developing and promoting the ideas of pure freedom and private governance by combining advanced economic research with accessible media outreach and educational programming to cultivate a better, broader understanding of the fundamental principles that enable peace and prosperity around the world.
Alexander William Salter is an Associate Professor of Economics in the Rawls College of Business and the Comparative Economics Research Fellow with the Free Market Institute, both at Texas Tech University. He has published articles in leading scholarly journals, such as the Journal of Money, Credit and Banking, the Journal of Economic Dynamics and Control, the Journal of Macroeconomics, and the American Political Science Review. His opinion pieces have appeared in The Hill, The American Conservative, US News and World Report, Quillette, and numerous other outlets.
Salter earned his M.A. and Ph.D. in Economics at George Mason University and his B.A. in Economics at Occidental College. He was an AIER Summer Fellowship Program participant in 2011.
Jeffrey A. Tucker is an independent editorial consultant who served as Editorial Director for the American Institute for Economic Research. He is the author of many thousands of articles in the scholarly and popular press and eight books in 5 languages, most recently Liberty or Lockdown. He is also the editor of The Best of Mises. He speaks widely on topics of economics, technology, social philosophy, and culture.
Books by Jeffrey A. Tucker
Michael Munger is a Professor of Political Science, Economics, and Public Policy at Duke University and Senior Fellow of the American Institute for Economic Research.
His degrees are from Davidson College, Washingon University in St. Louis, and Washington University.
Munger’s research interests include regulation, political institutions, and political economy.
Books by Michael Munger
Phillip W. Magness is Senior Research Faculty and Interim Research and Education Director at the American Institute for Economic Research. He holds a PhD and MPP from George Mason University’s School of Public Policy, and a BA from the University of St. Thomas (Houston).
Prior to joining AIER, Dr. Magness spent over a decade teaching public policy, economics, and international trade at institutions including American University, George Mason University, and Berry College.
Magness’s work encompasses the economic history of the United States and Atlantic world, with specializations in the economic dimensions of slavery and racial discrimination, the history of taxation, and measurements of economic inequality over time. He also maintains active research interest in higher education policy and the history of economic thought. In addition to his scholarship, Magness’s popular writings have appeared in numerous venues including the Wall Street Journal, the New York Times, Newsweek, Politico, Reason, National Review, and the Chronicle of Higher Education.
Books by Phillip W. Magness
David Hart, Consulting Scholar of the American Institute for Economic Research, was born and raised in Sydney, Australia and has degrees from Stanford University and King’s College, Cambridge. He taught history at the University of Adelaide from 1986-2001 and was the Director of the Online Library of Liberty Project at Liberty Fund in Indianapolis from 2001-2019. His research interests include the history of classical liberal thought in general, and the French classical liberal tradition in particular. He is the Academic Editor of Liberty Fund’s translation of the Collected Works of Frédéric Bastiat. Recent publications include a chapter on “The Paris School of Liberal Political Economy, 1803-1853” for the Cambridge History of French Thought (2019) and the anthology Social Class and State Power (Palgrave, 2018) on classical liberal class analysis. In his spare time, he has also written a screenplay for a film on the activities of Frédéric Bastiat during the 1848 Revolution in Paris.
Jon Murphy is currently an economics PhD student at George Mason University specializing in Law & Economics and Smithian Political Economy. He has previously worked as an economic consultant in New Hampshire. Mr. Murphy’s interests include environmental issues, international trade, political economy, and sports economics.