Best Book in Austrian Economics

SDAE Prize for the Best Book in
Austrian Economics


The SDAE Prize for the Best Book in Austrian Economics was known as the Smith Center Prize for the Best Book in Austrian Economics from 1996-2007, and then as the Foundation for Economic Education (FEE) Prize for the Best Book in Austrian Economics from 2008-2015.


2023 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
New Orleans Marriott
New Orleans, LA

Better Money: Gold, Fiat, or Bitcoin?
Lawrence White, George Mason University
Cambridge University Press (2023)


2022 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Fort Lauderdale Marriott Harbor Beach Resort & Spa
Fort Lauderdale, FL

Wretched Refuse? The Political Economy of Immigration and Institutions
Alex Nowrasteh, Cato Institute
Benjamin Powell, Texas Tech University
Cambridge University Press (2020)


2021 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Marriott Marquis Houston
Houston, TX

Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy
Mario J. Rizzo, New York University
Glen Whitman, California State University, Northridge
Cambridge University Press (2019)


2020 SDAE Prize for The Best Book in Austrian Economics

Award Announcement during the SDAE Annual Business Meeting
Virtual Meeting

Tyranny Comes Homes: The Domestic Fate of U.S. Militarism
Christopher J. Coyne, George Mason University
Abigail R. Hall, The University of Tampa
Stanford University Press (2018)


2019 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Fort Lauderdale Marriott Harbor Beach Resort & Spa
Fort Lauderdale, FL

Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century
Vernon L. Smith, Chapman University
Bart J. Wilson, Chapman University
Cambridge University Press (2019)


2018 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Marriott Marquis Washington DC
Washington, DC

Elinor Ostrom: An Intellectual Biography
Vlad Tarko, Dickinson College
Rowman & Littlefield Publishers (2016)


2017 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Tampa Marriott Waterside Hotel & Marina
Tampa, FL

The Viennese Students of Civilization: The Meaning and Context of Austrian Economics Reconsidered
Erwin Dekker, Erasmus Universiteit Rotterdam
Cambridge University Press (2016)


2016 SDAE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
JW Marriott Washington DC
Washington, DC

Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World
Deirdre Nansen McCloskey, University of Illinois at Chicago
University of Chicago Press (2016)


2015 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
New Orleans Marriott
New Orleans, LA

Private Governance: Creating Order in Economic and Social Life
Edward Peter Stringham, Trinity College
Oxford University Press (2015)


2014 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Atlanta Marriott Marquis
Atlanta, GA

Organizing Entrepreneurial Judgment: A New Approach to the Firm
Nicolai J. Foss, Copenhagen Business School
Peter G. Klein, University of Missouri, Columbia
Cambridge University Press (2012)


2013 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Tampa Marriott Waterside Hotel & Marina
Tampa, FL

The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years
Lawrence H. White, George Mason University
Cambridge University Press (2012)


2012 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Sheraton New Orleans Hotel
New Orleans, LA

Living Economics: Yesterday, Today, and Tomorrow
Peter J. Boettke, George Mason University
Independent Institute/Universidad Francisco Marroquín (2012)


2011 FEE Prize for The Best Book in Austrian Economics

Award Presentations at the SDAE Annual Dinner and Business Meeting
Washington Marriott Wardman Park
Washington, DC

The Cultural and Political Economy of Recovery: Social Learning in a Post-Disaster Environment
Emily Chamlee-Wright, Beloit College
Routledge (2010)

Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage, 1775-1821
George A. Selgin, West Virginia University
Independent Institute (2011)



2010 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Sheraton Atlanta
Atlanta, GA

The Invisible Hook: The Hidden Economics of Pirates
Peter T. Leeson, George Mason University
Princeton University Press (2009)


2009 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Marriott San Antonio Rivercenter
San Antonio, TX

Fiscal Sociology and the Theory of Public Finance: An Exploratory Essay
Richard E. Wagner, George Mason University
Edward Elgar Publishing (2007)


2008 FEE Prize for The Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Grand Hyatt Hotel
Washington, DC

After War: The Political Economy of Exporting Democracy
Christopher J. Coyne, George Mason University
Stanford University Press (2007)


2007 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
New Orleans Marriott
New Orleans, LA

Socialism after Hayek
Theodore A. Burczak, Denison University
University of Michigan Press (2006)


2005 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Grand Hyatt Washington at Washington Center
Washington, DC

How Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present
Thomas J. DiLorenzo, Loyola University Maryland
Crown Forum (2005)


2004 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Fairmont Hotel
New Orleans, LA

Hayek’s Challenge: An Intellectual Biography of F.A. Hayek
Bruce Caldwell, Duke University
University of Chicago Press (2003)


2003 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
San Antonio Marriott Rivercenter Hotel
San Antonio, TX

Big Players and the Economic Theory of Expectations
Roger Koppl, Fairleigh Dickinson University
Palgrave Macmillan (2002)


2002 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Hyatt Regency New Orleans Hotel
New Orleans, LA

An Entrepreneurial Theory of the Firm
Frederic E. Sautet, New Zealand Treasury
Routledge (2000)


2001 Smith Center Prize for the Best Book in Austrian Economics

Award Presentations at the SDAE Annual Dinner and Business Meeting
Tampa Marriott Waterside Hotel
Tampa, FL

Time and Money: The Macroeconomics of Capital Structure
Roger W. Garrison, Auburn University
Routledge (2001)

Microfoundations and Macroeconomics: An Austrian Perspective
Steven Horwitz, St. Lawrence University
Routledge (2000)


2000 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Hyatt Regency Crystal City
Washington, DC

Knowledge, Institutions, and Evolution in Economics
Brian Loasby, University of Stirling
Routledge (1999)


1999 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Fairmont Hotel
New Orleans, LA

Capital in Disequilibrium: The Role of Capital in a Changing World
Peter Lewin, The University of Texas at Dallas
Routledge (1999)


1998 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Omni Inner Harbor Hotel
Baltimore, MD

Entrepreneurship and the Market Process: An Enquiry into the Growth of Knowledge
David A. Harper, New York University
Routledge (1996)


1997 Smith Center Prize for the Best Book in Austrian Economics

Award Presentation at the SDAE Annual Dinner and Business Meeting
Atlanta Hilton & Towers
Atlanta, GA

Perfect Competition and the Transformation of Economics
Frank M. Machovec, Wofford College
Routledge (1995)