Welcome to the Society for the Development of Austrian Economics

ludwig-von-miseshayek_postcardFormed in 1996, the SDAE has over 100 members in a number of countries world-wide. Our goal is to advance the ideas of Menger, Mises, and Hayek and other economists of the Austrian school through both internal development and interaction with the ideas of other related approaches to economics. We sponsor numerous panels and hold an annual meeting and dinner as part of the Southern Economic Association meetings, in addition to providing members with a discount on The Review of Austrian Economics. We also co-sponsor the annual FEE Prizes in Austrian Economics for the best book and best article on Austrian economics. You can read the Society's full Statement of Purpose here.
  • SDAE 2016 Annual Dinner Details

    We’re pleased to announce the details for the 2016 SDAE dinner and business meeting. The event will take place on Sunday night, November 20th, at the JW Marriott Washington DC in the Grand Ballroom Salon III. We will start with drinks and a reception from 7:30pm to 8:30pm and then continue with dinner and our program from 8:30pm to 11:00pm.

    We will present our Lifetime Achievement Award to Vernon Smith, plus have our usual presentations of best book and best article prizes and recognition of the Lavoie Prize and Menger Contest winners, as well as Edward Stringham’s presidential address and our business meeting. The cost of this year’s dinner is $135 ($100 for students) and includes membership in the SDAE.

    The menu and entrée choices:

    SALAD
    Farmers Market Salad

    ENTREES
    *Red Wine Braised Amish Chicken with Mushrooms, Bacon, Pearl Onions, and Roasted Garlic Whipped Potato
    *Filet Mignon with Roasted Fingerling Potato, Onion Jam, and Merlot Sauce
    *Pan Seared Rockfish with Peppadew and Olive Relish and Soft Polenta
    *Chef’s Vegan Selection

    DESSERT
    Individual Chocolate Mousse

    A cash bar will be available during the reception and dinner. All attendees will receive one drink ticket for the bar.

    Please click the following link to register and make your entrée selection (please do not email it to us):

    https://goo.gl/forms/ZYYLtKiYCBlXqzfC2

    Please respond by Friday, November 4th to ensure that we can give the hotel an accurate count. If you do not make an entrée selection by that date we will select the Amish Chicken on your behalf.

    To save time at the door, payment in advanced is strongly encouraged. Details on paying via PayPal (preferred) or check are included on the registration site.

    Please feel free to forward this invitation to others you know who may be attending the meetings. I will send a couple of reminders around in the weeks to follow.

    Thanks again, and I look forward to seeing you in DC.

    Virgil Storr
    SDAE Vice President

  • The 2016 SDAE Prizes in Austrian Economics

    The Society for the Development of Austrian Economics is pleased to announce that nominations are now open for the 2016 SDAE Prizes for the best book and the best article recently published in Austrian economics.

    The following conditions apply:

    1. Authors nominated must be members in good standing with the SDAE (check the Society’s website at http://www.sdaeonline.org for information on how to join).

    2. The books and articles nominated must have been published between January 1, 2014 and August 31, 2016.

    3. Nominated articles should be emailed as an attachment or as a URL to the article to Virgil Storr (vstorr@mercatus.gmu.edu).

    4. Nominations for the book prize should include the title and all other relevant information (publisher, date of publication, ISBN #) and be sent to the above email address. Those nominating books need not send copies. Edited volumes and short monographs are not eligible for the award.

    5. All nominations must be received by Virgil Storr no later than October 17, 2016.

    6. Self-nominations will not be accepted.

    Recipients will be required to submit a short blog post on their winning book or article for posting on the SDAE website. Winners will be announced at the SDAE annual dinner and business meeting, held this year in Washington, D.C., in conjunction with the Southern Economic Association meetings from November 19-21, 2016. The SDAE dinner will be held on Sunday, November 20, 2016.

    Questions may be directed to Virgil Storr (vstorr@mercatus.gmu.edu).

  • 2016 Don Lavoie Memorial Graduate Student Essay Competition

    The Society for the Development of Austrian Economics is pleased to announce that submissions for the 2016 Don Lavoie Memorial Graduate Student Essay Competition are now being accepted. Submissions will be accepted from advanced PhD students in economics or other relevant disciplines anywhere in the world. The competition is limited to thesis chapters and/or other research that is geared toward publication in the professional journals; submissions should adhere to appropriate standards of academic writing and should be on a topic relevant to Austrian economics. There is no word limit; and, students submitting papers to this competition will retain all publication rights to their work; however, winners are encouraged to submit their papers to The Review of Austrian Economics for possible publication.

    Three prizes are given, each worth $1000, to be used to pay expenses to attend the Southern Economic Association meetings this November 19-21, 2016 in Washington, D.C., where the winners will present their work on a special panel. Prize awards are contingent on attending the SEA meetings and the SDAE’s annual business meeting and awards banquet on Sunday, November 20.

    The prize committee consists of:

    • Peter Boettke, Committee Chair, George Mason University
    • Emily Chamlee-Wright, Washington College
    • Steven Horwitz, St. Lawrence University
    • David Prychitko, Northern Michigan University
    • Virgil Storr, Mercatus Center at George Mason University

    Deadline for submissions is October 3, 2016. Decisions will be made on or around October 10.

    Please include a copy of your CV with your submission. All questions and submissions should be sent electronically to Eric Celler at eceller@mercatus.gmu.edu

  • Call for Papers: 2016 SDAE meetings (Washington DC, November 19-21)

    The annual meeting of the Society for the Development of Austrian Economics will be held during the Southern Economics Association meetings in Washington, DC at the JW Marriott Washington, November 19-21, 2016 (Saturday to Monday).

    Members interested in presenting papers, serving as chairs/discussants, or proposing entire panels should submit proposals by Friday, April 1, 2016.

    Papers and Panels can be submitted online here: https://blueq.co1.qualtrics.com/SE/?SID=SV_8zSrhkJXFte3RzL

    With all paper submissions, please include the paper title, two JEL-Codes, an abstract of no more than 100 words (700 characters), as well as the following information for each co-author:
    1. First name
    2. Last name
    3. Affiliation (Institution)
    4. Street Address
    5. City, State
    6. ZIP Code
    7. Phone Number
    8. Email Address

    Please also submit a .pdf, .doc, or .docs file containing the same information (paper title, abstract, author information, co-author information).

    If you are proposing a paper for presentation, we assume that you will serve as a chair or discussant (if needed) for at least one other conference session. If you wish only to serve as a chair or discussant, please indicate so in your submission. Note that each session during the SEA meetings lasts one hour and forty-five minutes and typically has four or more participants. Finally, please also note that the conference organizers have to be free to place your paper or panel on any of the conference days.

    The online form for panels will ask for your information, a panel title, a brief description of the panel (for discussion panels), as well as information for each panelist/author. In addition, please attach a document that contains the same information plus abstracts and coauthor information for panels with papers.

    SDAE members who are current in their annual membership dues are given priority for SDAE panels.

    Diana W. Thomas
    President Elect, Society for the Development of Austrian Economics
    and Associate Professor of Economics at Creighton University

  • SDAE 2015 Annual Dinner Details

    We now have the details for the annual SDAE dinner and business meeting. The event will take place on Sunday night, November 22nd at the New Orleans Marriott. We will start with drinks and a reception from 7:00pm to 8:00pm and then continue with dinner and our program from 8:00pm to 10:30pm. The room location of the dinner and business meeting will be sent to you in the next few weeks.

    We will have our usual presentation of the FEE prizes and recognition of the Lavoie Prize and Menger Contest winners, as well as Benjamin Powell’s presidential address and our business meeting. The cost of this year’s dinner is once again $100, with graduate students at half price.

    The menu and entrée choices:

    SALAD
    Classic Caesar Salad with Garlic Croutons and Shaved Parmesan Cheese

    ENTREES
    *Grilled Chicken Breast on Roasted Cauliflower, Greens, Peppers and Rosemary Potatoes
    *Grilled Center Cut Filet with Wild Mushroom Demi, Butternut Squash, Green Beans and Potatoes Au Gratin
    *Louisiana Jumbo Shrimp and Grits with Tomatoes, Onion, Bacon and Abita Braised Greens
    *Chef’s Vegan Selection

    DESSERT
    Traditional Bananas Fosters

    A cash bar will be available during the reception and dinner. All attendees will receive two drink tickets for the bar. We’re grateful to our friends at FEE and their Alumni Network for contributing to sponsoring the drinks.

    Please click the following link to register and make your entrée selection (please do not email it to us):

    https://www.surveymonkey.com/r/9DPTZ78

    Please respond by Friday, November 6th to ensure that we can give the hotel an accurate count. If you do not make an entrée selection by the 6th we will select the chicken entrée on your behalf.

    To save time at the door, payment in advanced is encouraged. Details on paying via PayPal (preferred) or check are included in the survey.

    Please feel free to forward this invitation to others you know who may be attending the meetings. I will send a couple of reminders around in the weeks to follow.

    Thanks again, and I look forward to seeing you in New Orleans.

    Virgil Storr
    SDAE Vice President

  • The 2015 FEE Prizes in Austrian Economics

    The Society for the Development of Austrian Economics is pleased to announce that nominations are now open for the 2015 Foundation for Economic Education Prizes for the best book and the best article recently published in Austrian economics.

    The following conditions apply:

    1. Authors nominated must be members in good standing with the SDAE (check the Society’s website at http://www.sdaeonline.org for information on how to join).

    2. The books and articles nominated must have been published between January 1, 2013 and August 31, 2015.

    3. Nominated articles should be emailed as an attachment or as a URL to the article to Virgil Storr (vstorr@mercatus.gmu.edu).

    4. Nominations for the book prize should include the title and all other relevant information (publisher, date of publication, ISBN #) and be sent to the above email address. Those nominating books need not send copies. Edited volumes and short monographs are not eligible for the award.

    5. All nominations must be received by Virgil Storr no later than October 19, 2015.

    6. Self-nominations will not be accepted.

    Each prize comes with a cash award of $500 thanks to the generous support of the Foundation for Economic Education (FEE). Recipients will be required to submit a short blog post on their winning book or article for posting on the FEE website. Winners will be announced at the annual banquet of the SDAE, this year in New Orleans, LA in conjunction with the Southern Economic Association meetings from November 21-23, 2015. The SDAE dinner will be held on Sunday, November 22, 2015.

    Questions may be directed to Virgil Storr (vstorr@mercatus.gmu.edu).

  • 2015 Don Lavoie Memorial Graduate Student Essay Competition

    The Society for the Development of Austrian Economics is pleased to announce that submissions for the 2015 Don Lavoie Memorial Graduate Student Essay Competition are now being accepted. Submissions will be accepted from advanced PhD students in economics or other relevant disciplines anywhere in the world. The competition is limited to thesis chapters and/or other research that is geared toward publication in the professional journals; submissions should adhere to appropriate standards of academic writing and should be on a topic relevant to Austrian economics. There is no word limit; and, students submitting papers to this competition will retain all publication rights to their work; however, winners are encouraged to submit their papers to The Review of Austrian Economics for possible publication.

    Three prizes are given, each worth $1000, to be used to pay expenses to attend the Southern Economic Association meetings this November 21-23, 2015 in New Orleans, LA, where the winners will present their work on a special panel. Prize awards are contingent on attending the SEA meetings and the SDAE’s annual business meeting and awards banquet on Sunday, November 22.

    The prize committee consists of:

    • Peter Boettke, Committee Chair, George Mason University

    • Emily Chamlee-Wright, Washington College

    • Steven Horwitz, St. Lawrence University

    • David Prychitko, Northern Michigan University

    • Virgil Storr, Mercatus Center at George Mason University

    Deadline for submissions is October 9, 2015. Decisions will be made on or around October 16.

    Please include a copy of your CV with your submission. All questions and submissions should be sent electronically to Eric Celler at eceller@mercatus.gmu.edu

  • 2015 Carl Menger Essay Contest Winners

    The Society for the Development of Austrian Economics is pleased to announce the winners of the 2015 Carl Menger Essay Contest for undergraduate students. Professors Michael Thomas, Adam Martin, and Daniel D’Amico were this year’s judges. All entries were evaluated anonymously.

    The prize comes with $500 plus a travel stipend and three nights accommodations at the New Orleans Marriott Hotel to attend and present at the Southern Economic Association in November. A panel featuring the winning papers will take place during the November 21-23, 2015 meeting sessions. The prizes will be presented at the Society’s annual dinner.

    These prizes are made possible thanks to the generous support of the Foundation for Economic Education and the Charles Koch Foundation.

    This year’s winners are:

    An American Ideology: Destutt de Tracy and Jeffersonian Economics

    Jibran Khan, King’s College London

    Capital Theory Controversies: The Impact of the Hayek and Knight Debate

    Joshua Letta, Christopher Newport University

    Economic Growth and Income Inequality: A Public Choice Analysis

    Michael Kotrous, Creighton University

    This year the Prize Committee received a great number of quality submissions, and they would like to thank all entrants for their submissions. In particular, the following submission was of such high quality that the Prize Committee has awarded it Honorable Mention:

    On Government Growth: Competing Ideas from Schumpeter & Cowen

    Austin Spillane, Creighton University

  • Call for Papers: 2015 SDAE meetings (New Orleans, November 21-23, 2015)

    The annual conference of the Society for the Development of Austrian Economics will be held during the Southern Economics Association meetings in New Orleans Marriott.

    Members interested in presenting papers, serving as chairs/discussants, or proposing entire panels should submit proposals by Friday, April 17, 2015. With all submissions, please include the following information for each participant, including non-attending co-authors:

    1. Name
    2. Affiliation (Title and institution)
    3. E-mail address
    4. Telephone number
    5. Title of paper(s)
    6. Abstract(s) of no more than 100 words

    Any attachments must be either Adobe Acrobat (.pdf) or Word (.doc or .docx) format.

    If you are proposing a paper for presentation, we assume that you will serve as a chair or discussant (if needed) for at least one other conference session. If you are proposing an entire panel (including a roundtable or debate), please have all the contact information for all the participants when you send the materials. If you wish only to serve as a chair or discussant, please indicate so in your submission. Note that each session during the SEA meetings lasts one hour and forty-five minutes and typically has four or more participants.

    Please note that the conference organizers have to be free to place your paper or panel on any of the conference days.

    SDAE members who are current in their annual membership dues are given priority for SDAE panels.

    Please send your submissions by email only to Edward Stringham at edward.stringham@ttu.edu (with “SDAE 2015” in the subject line of the e-mail).

    Edward Stringham, Ph.D.
    President Elect, Society for the Development of Austrian Economics
    and
    Rawls College of Business and the Free Market Institute
    Texas Tech University

  • 2014 FEE Prize for the best book in Austrian economics is awarded to Nicolai Foss and Peter G. Klein’s Organizing Entrepreneurial Judgment

    Comments read by Virgil Storr, Vice President of the SDAE, during the presentation of the 2014 FEE Prize for the best book in Austrian economics:

    In Organizing Entrepreneurial Judgment: A New Approach to the Firm, Nicolai Foss and Peter G. Klein bridge the gap between studies of entrepreneurship and the theory of the firm. Despite both concepts becoming increasingly appreciated and studied by contemporary scholars in economics and management, Foss and Klein show that the existing theoretical and practical literature too often fails to adequately connect these theories. Seeking to correct this failing and drawing on insights from Austrian economics, Foss and Klein examine entrepreneurship as judgment decisions made by management under conditions of uncertainty. They show that these judgments are drivers of the economy and keys to understanding firm performance and organization.

    For meaningfully adding to the Austrian literature on entrepreneurship and applying Austrian insights about entrepreneurship to the theory of the firm, the prize committee determined that Organizing Entrepreneurial Judgment: A New Approach to the Firm is deserving of the 2014 FEE Prize for the best book in Austrian Economics.