Efficiency and Externalities in an Open-Ended Universe: A Modern Austrian Perspective

Roy Cordato is Vice President for Research and Resident Scholar at the John Locke Foundation in Raleigh, N.C. and he teaches in a program administered jointly by the economics and political science departments at North Carolina State University. From 1993-2000 he served as the Lundy Professor of Business Philosophy at Campbell University in NC. From 1987-1993 he was Senior Economist at the Institute for Research on the Economics of Taxation (IRET) in Washington, DC. Previously he served on the full time economics faculty at the University of Hartford and Auburn University. His publications include a 1992 book, Welfare Economics and Externalities in an Open Ended Universe (Kluwer Academic Publishers). His articles have appeared in economics journals and law reviews as well as The Christian Science Monitor, The Washington Times, Investor’s Business Daily, The Journal of Commerce, The Congressional Record, The Orange County Register, The Freeman, Human Events, and many other newspapers and magazines. In 2000 he received the Freedoms Foundation’s Leavey Award in Free Enterprise Education. He is a member of the Mont Pelerin Society and a former executive board member of The Association of Private Enterprise Education. Cordato holds an M.A. in economics from the University of Hartford and a Ph.D. in economics from George Mason University. He also holds a Bachelors of Music Education from the Hartt School of Music.