Robert Higgs
Encyclopedia
Robert Higgs is an American
economic historian, economist
combining the insights from the Public Choice, Institutional and Austria
n schools of economics, and a classical liberal or libertarian
in political and legal theory and public policy. His writings in economics and economic history have most often focused on the causes, means, and effects of government power and growth.
at the Independent Institute
(since September 1994), and is editor of The Independent Review (since 1995). He is an adjunct faculty member of the Ludwig von Mises Institute
and is an adjunct scholar at the Cato Institute
.
Higgs received his Ph.D. in Economics from Johns Hopkins University, and has held teaching positions at the University of Washington
, Lafayette College
, and Seattle University
. He has also been a visiting scholar at Oxford University and Stanford University
. Higgs held a visiting professorship at the University of Economics, Prague
in 2006, and has supervised dissertations in the Ph.D. program at Universidad Francisco Marroquín
.
. In the review, McCarthy remarked that,
Jörg Guido Hülsmann, Joseph Salerno
, Lew Rockwell
, and other scholars have discussed the Higgs Ratchet Effect in their writings.
The article was praised and quoted on-air by several talk radio personalities, with WBEN Buffalo's Tom Bauerle stating that it was one of his favorite "all-time articles."
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economic historian, economist
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
combining the insights from the Public Choice, Institutional and Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
n schools of economics, and a classical liberal or libertarian
Libertarian
Libertarian may refer to:*A proponent of libertarianism, a political philosophy that upholds individual liberty, especially freedom of expression and action*A member of a libertarian political party; including:**Libertarian Party...
in political and legal theory and public policy. His writings in economics and economic history have most often focused on the causes, means, and effects of government power and growth.
Participation in academia
He is a Senior Fellow in Political EconomyPolitical economy
Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...
at the Independent Institute
Independent Institute
The Independent Institute is a libertarian think tank based in Oakland, California. Founded in 1986 byDavid J. Theroux , the Institute sponsors studies of major political, social, economic, legal, environmental and foreign policy issues. It has more than 140 research fellows. The Institute was...
(since September 1994), and is editor of The Independent Review (since 1995). He is an adjunct faculty member of the Ludwig von Mises Institute
Ludwig von Mises Institute
The Ludwig von Mises Institute , based in Auburn, Alabama, is a libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises...
and is an adjunct scholar at the Cato Institute
Cato Institute
The Cato Institute is a libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Edward H. Crane, who remains president and CEO, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries, Inc., the largest privately held...
.
Higgs received his Ph.D. in Economics from Johns Hopkins University, and has held teaching positions at the University of Washington
University of Washington
University of Washington is a public research university, founded in 1861 in Seattle, Washington, United States. The UW is the largest university in the Northwest and the oldest public university on the West Coast. The university has three campuses, with its largest campus in the University...
, Lafayette College
Lafayette College
Lafayette College is a private coeducational liberal arts and engineering college located in Easton, Pennsylvania, USA. The school, founded in 1826 by James Madison Porter,son of General Andrew Porter of Norristown and citizens of Easton, first began holding classes in 1832...
, and Seattle University
Seattle University
Seattle University is a Jesuit Catholic university located in the First Hill neighborhood of Seattle, Washington, USA.SU is the largest independent university in the Northwest US, with over 7,500 students enrolled in undergraduate and graduate programs within eight schools, and is one of 28 member...
. He has also been a visiting scholar at Oxford University and Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
. Higgs held a visiting professorship at the University of Economics, Prague
University of Economics, Prague
The University of Economics, Prague, is a public university located in Prague, Czech Republic. It is the largest university in the field of economics, business and information technologies in the Czech Republic with almost 20,000 students in its bachelor, masters and doctoral programmes.-Schools...
in 2006, and has supervised dissertations in the Ph.D. program at Universidad Francisco Marroquín
Universidad Francisco Marroquín
Universidad Francisco Marroquín is a private, secular, university in Guatemala City, Guatemala. According to the school's website, "the mission of Universidad Francisco Marroquín is to teach and disseminate the ethical, legal and economic principles of a sociey of free and responsible persons."...
.
The Ratchet Effect
Daniel McCarthy praised Higgs and summarized his ratchet effect theory in a review of Against Leviathan that appeared in The American ConservativeThe American Conservative
The American Conservative is a monthly U.S. opinion magazine published by Ron Unz. Its first editor was Scott McConnell, his successors being Kara Hopkins and the present incumbent, Daniel McCarthy....
. In the review, McCarthy remarked that,
What made Crisis and Leviathan a milestone was the rigor with which it elaborated upon the logic of James MadisonJames MadisonJames Madison, Jr. was an American statesman and political theorist. He was the fourth President of the United States and is hailed as the “Father of the Constitution” for being the primary author of the United States Constitution and at first an opponent of, and then a key author of the United...
's 1794 warning against "the old trick of turning every contingency into a resource for accumulating force in government." Other political economists had studied the growth of state power during times of war, depression, and general upheaval before, but none had done so as thoughtfully and thoroughly as Higgs. He took special care in describing the "ratchet effect" — once a crisis has passed state power usually recedes again, but it rarely returns to its original levels; thus each emergency leaves the scope of government at least a little wider than before.
Jörg Guido Hülsmann, Joseph Salerno
Joseph Salerno
Joseph T. Salerno is an Austrian School economist in the United States. A professor at Pace University, Salerno is an active scholar in the areas of banking and monetary theory, comparative economics, and the history of economic thought.-Early life:...
, Lew Rockwell
Lew Rockwell
Llewellyn Harrison "Lew" Rockwell, Jr. is an American libertarian political commentator, activist, proponent of the Austrian School of economics, and chairman of the Ludwig von Mises Institute.-Life and work:...
, and other scholars have discussed the Higgs Ratchet Effect in their writings.
The Iraq War
A vehement critic of the Iraq war, Higgs wrote in the Los Angeles Chronicle in February 2008 that only a high toll in casualties or economic hardship will end the Iraqi war, not cogent arguments. Higgs continued:It follows directly that up to this point the continued prosecution of the war has served the leaders' interests. They may say they are trying to end the war. They may have secured their election or reelection, as many of the Democrats now serving in Congress have, by promising to do whatever they can to end the war. Yet the truth is that they've sold the public a bill of goods. When the leaders have considered all the personal consequences they expect to follow from acting to end the war, they have concluded that, all things being considered, doing so does not serve their interest, and therefore they have refrained from doing so.
Fannie Mae, Freddie Mac, and social security
Higgs's 10 September 2008 article, "Ticking Time Bomb Explodes, Public Is Shocked," stated that[t]he failure of Fannie Mae and Freddie Mac, setting in motion the biggest government bailout/takeover in U.S. history, brings a grim sense of fulfillment to competent economists.... Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred, and another apartment collapses in the state’s Hotel of Impossible Promises, loading onto the taxpayers more visibly the burden of sheltering the previous occupants.... Call it democracy in action or utterly corrupt governance; they are the same thing.
The article was praised and quoted on-air by several talk radio personalities, with WBEN Buffalo's Tom Bauerle stating that it was one of his favorite "all-time articles."
As author
- The Transformation of the American Economy, 1865-1914 (1971)
- Competition and Coercion: Blacks in the American Economy, 1865-1914 (1977; paperback edition 1980) Nominated for the American Historical AssociationAmerican Historical AssociationThe American Historical Association is the oldest and largest society of historians and professors of history in the United States. Founded in 1884, the association promotes historical studies, the teaching of history, and the preservation of and access to historical materials...
's Beveridge AwardBeveridge AwardThe Albert J. Beveridge Award was established in 1939 in memory of United States Senator Beveridge of Indiana, former secretary and longtime member of the American Historical Association , through a gift from his wife, Catherine Beveridge and donations from AHA members from his home state... - Crisis and Leviathan: Critical Episodes in the Growth of American Government (1987)
- Against Leviathan: Government Power and a Free Society (2004)
- Resurgence of the Warfare State: The Crisis Since 9/11 (2005)
- Depression, War and Cold War: Studies in Political Economy (2006)
- Politická ekonomie strachu ("The Political Economy of Fear") (Czech languageCzech languageCzech is a West Slavic language with about 12 million native speakers; it is the majority language in the Czech Republic and spoken by Czechs worldwide. The language was known as Bohemian in English until the late 19th century...
; 2006) - Neither Liberty Nor Safety: Fear, Ideology, and the Growth of Government (2007)
As editor
- Emergence of the Modern Political Economy (1985)
- Arms, Politics, and the Economy: Historical and Contemporary Perspectives (1990)
- Hazardous to Our Health? FDA Regulation of Health Care Products (1995)
- Re-Thinking Green: Alternatives to Environmental Bureaucracy with Carl P. Close (2005)
- The Challenge of Liberty: Classical Liberalism Today with Carl P. Close (2006)
- Opposing the Crusader State: Alternatives to Global Interventionism with Carl P. Close (2007)