On this episode of the Hayek Program Podcast, we host our first book panel of 2021 on Richard Wagner’s book Macroeconomics as Systems Theory.  This book examines macroeconomic theory from an analytical framework provided by theories of complex systems, in contrast to conventional theories founded on aggregation.  In considering macro theory, Wagner contrasts the conventional approach of focusing on the national economy as a collection of aggregate variables with the social-theoretic approach of viewing macro variables as shaped through social institutions, conventions, and other processes.  The panel is moderated by Peter Boettke and features:
• Abigail Devereaux, Assistant Professor of economics, Wichita State University
• Erwin Dekker, Assistant Professor of cultural economics, Erasmus University
• Will Luther, Assistant Professor of economics, Florida Atlantic University

"Macroeconomics As Systems Theory" Book Panel

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. The F. A. Hayek Program is devoted to the promotion of teaching and research on the institutional arrangements that are suitable for the support of free and prosperous societies. Implicit in this statement is the presumption that those arrangements are to some extent open to conscious selection, as well as the appreciation that the type of arrangements that are selected within a society can influence significantly the economic, political, and moral character of that society.
The Hayek Program Podcast is partially funded by a grant from the John Templeton Foundation on "Work, Self-governance, and the Challenge of Unsustainable Dependency." The Grant is for a three-year project to explore the themes of work and self-governance as well as the root causes and consequences of the modern shift toward a greater reliance on government efforts to solve collective challenges.

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"Macroeconomics As Systems Theory" Book Panel

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