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Chairman's Message Mission: We teach undergraduate and graduate students both applied and theoretical economics. Our teaching and research stress the importance of markets and institutions on political and socioeconomic outcomes.
George Mason University's Economics Department has earned the ranking
of #1 among economics departments in the US South, as published
in Applied Economics Letters. Notable author and columnist
Walter
E. Williams elaborates on the quality of the department
in his recent article, "A
Dynamite Economics Department" published in
the The Washington Times. Time magazine referred to
George Mason as an ambitious university that is "now challenging
the nation's elite schools." U.S News and World Report said
the University "has a corps of highly respected economists and high-tech
scholars." The University's stature and reputation are exemplified
by the presence of Dr.
James M. Buchanan, Virginia's first Nobel Laureate;
Dr.
Gordon Tullock, originator, with Buchanan, of much
of the work underlying the field of public choice, Dr.
Vernon Smith, a pioneer in the development of Experimental
Economics. Through the Interdisciplinary Center for Economic
Science (ICES) (formerly Economics Science Laboratory (ESL)),
Mason's Economics department offers a comprehensive field in experimental
economics with founder, and member of the faculty, Vernon Smith,
who was awarded the 2002 Nobel Prize in Economics "for having established
laboratory experiments as a tool in empirical economic analysis,
especially in the study of alternative market mechanisms.
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