Fields
of Expertise
The Economics faculty at GMU are noted for their emphasis on comparative
institutional analysis and for their concentration on the relationships
between economic, political, and legal institutions. This distinction
is illuminated by the concentrations associated with the department.
Experimental economics, Austrian economics, public choice, constitutional
political economy, law and economics, and new institutional economics.
The Economics Department at George Mason has graduated and array
of successful economists, from those in Washington, DC heading think
tanks and testifying before Congress to those such as Dora DeAmpuero
who funded Ecuador’s first free market institute. Please look
over our Distinguished Alumni list.
Our Comparative Advantages
Public Policy
The masters program attracts many students already actively employed
in government and business in the D.C. area or looking for such
employment. With many classes conveniently offered in evenings at
the Arlington Law School Campus, students are able to further their
education and their career concurrently. Center
for Study of Public Choice, the Law
and Economics Center, and The
Institute for Public Policy, all at George Mason University,
provide abundant resources for the student of public policy.
Public Choice
George Mason University is proud to have Nobel Laureate James
Buchanan. Dr. Buchanan published ground breaking work in Public
Choice and Constitutional Political Economy. He is the coauthor
of The Calculus of Consent. He is also the Executive Director of
the Center for the Study of Public Choice. The Center
for Study of Public Choice funds students interested in Virginia
Political Economy and supports two public choice seminars a week:
an academic colloquium and an informal lunch. The Virginia School
of Political Economy examines a variety of other subjects giving
George Mason a unique perspective. For example, the following classes
incorporate public choice theory: Industrial/Organization, Macroeconomics,
Public Finance, and Monetary Theory.
Austrian Economics
GMU is the premier place for the study of Austrian Economics by
faculty, alumni, and graduate students. Mason offers courses, brown
bag lunches, colloquia, and the seminars in Austrian Economics series.
Past speakers include: Mancur Olson, James Buchanan, Israel Kirzner,
Larry White, Mario Rizzo, Roger Garrison, and Peter
Boettke. Furthermore, the Mercatus
Center offers a limited number of graduate assistantships to
GMU students who are interested in Austrian Economics.
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