Harvard University Austrian Economics

AEC | Austrian Economics Center

Lord Nigel Lawson

Edmund Phelps

Nobel Laureate 2006, Professor, Department of Economics, Columbia University, New York

Edmund Phelps is professor of economics at Columbia University. He is a fellow of the New York Academy of Sciences and has served as a consultant to the European Bank for Reconstruction and Development. Dr. Phelps received his Bachelor’s degree from Amherst College and holds a Ph.D. in economics from Yale University. In 2006, he was awarded the Nobel Prize in Economics.

Vernon L. Smith

Vernon L. Smith is professor of economics and law at George Mason University and is a research scholar in the Interdisciplinary Center for Economic Science in Arlington, Virginia. He is a member of the National Academy of Sciences and is president of the International Foundation for Research in Experimental Economics, which he helped to found in 1997. Dr. Smith received his Bachelor’s degree in electrical engineering from California Institute of Technology, as well as a Master’s degree in economics from the University of Kansas and holds a Ph.D. in economics from Harvard University. In 2002, he was awarded the Nobel Prize in Economics.

Georg Winckler

Georg Winckler is chairman of the board and president of the FIRST Foundation. He has been a visiting research scholar at the International Monetary Fund and has also been a visiting professor at the universities of Fribourg, Georgetown, Graz and Bratislava. He previously served as rector of the University of Vienna and was vice president of the European University Association. Dr. Winckler received a Bachelor’s degree in economics from Princeton University and holds a Ph.D. from the University of Vienna.

Franz Wohlfahrt

Franz Wohlfahrt is CEO of Novomatic AG. He is a well-known expert in gaming law and is a member of both the International Association of Gaming Attorneys and the International Masters of Gaming Law. Mr. Wohlfahrt is also a member of the Austrian Chamber of Commerce and the Federation of Austrian Industries.

Emil Hierhold

Consultant for executive communication skills: strategic messages and personal presence.

Background: law degree (Vienna); marketing executive for national and multinational companies; founder of HPS, an institute specializing in training and consulting for business communications. Current focus: supports top executives’ communication skills in the areas of strategic messages and personal presence. Published 3 handbooks on business communication skills.

Matt Kibbe

Matt Kibbe is president and CEO of FreedomWorks. From 1996 to 2004, he served as its Executive Vice President. He has written extensively on economics, public policy and politics. Mr. Kibbe received his Bachelor’s degree in economics from Grove City College and did graduate work at George Mason University.

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Some commentators have charged that the CRA contributed in part to the 2008 financial crisis, as it encouraged banks to make unsafe loans. For example, economist Stan Liebowitz wrote in the New York Post that a strengthening of the CRA in the 1990s encouraged a loosening of lending standards throughout the banking industry.[49] In a commentary for CNN, Congressman Ron Paul, who serves on the United States House Committee on Financial Services, charged that the CRA with "forcing banks to lend to people who normally would be rejected as bad credit risks."[55] In a Wall Street Journal opinion piece, Austrian school economist Russell Roberts wrote that the CRA subsidized low-income housing by pressuring banks to serve poor borrowers and poor regions of the country

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