Robert Ekelund

Originally from Galveston, Texas, Ekelund attended St. Mary's University in San Antonio, Texas, earning his BBA in economics in 1962 and his MA in economics and history the next year. He was a member of the Order of the Barons and first worked as an instructor in economics while completing his master's degree.

He then moved to Baton Rouge, Louisiana, to teach and continue his graduate work at Louisiana State University. He finished his PhD in economics and political theory there in 1967. His doctoral dissertation was on Jules Dupuit, a French civil engineer and economist. Ekelund would maintain this interest in Dupuit, making him the topic of a dozen journal articles and a 1999 book, Secret Origins of Modern Microeconomics: Dupuit and the Engineers.

In 1967, after the completion of his PhD, Ekelund was hired by Texas A&M University economics department. He was made Professor of Economics in 1974 and remained on the faculty of the College Station, Texas school until 1979, when he moved to Auburn, Alabama to become a professor at Auburn University. Ekelund was a visiting scholar at the Hoover Institution at Stanford University and in 2003 he served as the Vernon Taylor Distinguished Visiting Professor at Trinity University in San Antonio, Texas. Ekelund is now Catherine and Edward Lowder Eminent Scholar Emeritus at Auburn University and is a policy advisor to the Heartland Institute.[1] He is also an Independent Institute research fellow[2] and an adjunct faculty member of the Mises Institute.[3]

Economic topics notably discussed by Ekelund include cultural economics, the history of economic thought, the economics of regulation, the economics of religion, public choice theory, mercantilism, and the economics of the American Civil War blockades.

Textbooks by Ekelund have sold successfully with his and Robert Tollison's basic book, "Economics" now in its seventh edition. One of Ekelund's primary interests centers on the history of economic theory and its relevance to contemporary economic theory and policy. His book with Robert Hebert, "A History of Economic Theory and Method" has entered its sixth edition and the fifth decade of continual publication. The book illustrates how models can facilitate the analysis of economic theory as well as its interaction with both ancient and contemporary psychology, sociology, anthropology, and culture. This book, with various editions translated into five languages, remains a primary source in the development of modern economic theory.

His interests in the economics of regulation were combined with Sir Edwin Chadwick's historical study in 2012. Chadwick's sophisticated 19th-century conceptions of moral hazard, common pool problems, asymmetric information, and theory of "competition for the field" of service (franchising) were pioneering concepts in contemporary theory but were only rediscovered in the second half of the 20th century. Ekelund along with E. O. Price chronicled these stark innovations in a recent book entitled The Economics of Edwin Chadwick: Incentives Matter. According to Professor Sam Peltzman of the University of Chicago, "Economists owe a great debt to Ekelund and Price for making us aware of Edwin Chadwick's seminal contributions. Chadwick lived in the middle of the 19th century, but he anticipated many of the theoretical and practical advances that culminated in the law and economics revolution of the late 20th century. These include Coase's analysis of social cost and Demsetz's proposal for franchise bidding in natural monopolies. Read the summary of Chadwick's ideas about railroads and consider that Britain adopted many of them but only more than a century later. The book is full of similar examples where Chadwick's prescience is extraordinary. Economists, legal scholars and practitioners, especially those working at the intersection of law and economics, will want to read this book." [4]

Ekelund's 1981 book with Tollison, Mercantilism as a Rent-Seeking Society, is cited as an exemplar of the school of thought that argues that mercantilism, rather than being the result of miscalculation, was a system designed by rent-seekers to enforce public policy favorable towards themselves.[5]

In addition to his work in economics, Ekelund is an artist[22][23] who has shown regularly in juried and other shows over the past two decades with solo and joint exhibitions in Alabama. Ekelund has also designed book covers for the University of Chicago Press and Edward Elgar Publishing in London. He is an avid art collector and curator whose collection has been exhibited in several museums.[24] He was a founding member of the advisory board for the Jule Collins Smith Museum of Fine Art in Auburn, Alabama and was the museum's acting co-director from 2006 to 2007 and chairman of the Advisory Board from 2010 to 2012.[25]

He is also a classically trained pianist and has recorded five albums: Solace (also called For the Piano); Reverie; Bach, Beethoven, Brahms; Musical Idioms; and Reflections on Childhood, performing works by Bach, Chopin, Mozart, Beethoven, Brahms, Schumann, Debussy, Ravel, Grieg, Griffes, Scott Joplin, Turina, Granados, Gershwin, and others. He has been a contestant in the 2008,[26] 2009,[27] 2012,[28] and 2014[29] Van Cliburn Amateur Competition, and he created an homage to Chopin's 200th birthday.[30] Many piano works, including his Van Cliburn entries, appear on his YouTube channel.

As author

• A History of Economic Theory and Method with Robert F. Hébert. (available in Spanish, Serbo-Croatian, Chinese, and Portuguese editions), McGraw-Hill, 1st edition, 1975. Sixth edition (Waveland Press, 2014, ISBN 1-4786-0638-X).
• Mercantilism as a Rent-Seeking Society: Economic Regulation in Historical Perspective with Robert Tollison. Texas A&M University Press, 1981.
• The Essentials of Money and Banking with Leonardo Auernheimer. John Wiley & Sons, 1982.
• Macroeconomics with Charles DeLorme. Business Publications, 1983.
• Economics: Private Markets and Public Choice with Robert Tollison. Little, Brown, and Company, 1986. (7th Edition. Addison-Wesley-Longman, 2006. ISBN 0-321-33630-5)
• Advertising and the Market Process: A Modern Economic View with David Saurman. Pacific Institute, 1988.
• A History of Economic Theory and Method, with Robert F. Hébert, New York: McGraw-Hill, 1990
• Intermediate Macroeconomics with Charles D. DeLorme and Dennis Jansen. West Educational Publishing, 1994.
• Intermediate Microeconomics: Price Theory and Applications with Richard Ault. D. C. Heath, 1995.
• Classics in Economic Thought with Robert F. Hébert. McGraw-Hill, 1996.
• Politicized Economies: Monarchy, Monopoly, and Mercantilism with Robert Tollison. Texas A&M University Press, 1997. (ISBN 0-8909-6745-8)
• Secret Origins of Modern Microeconomics: Dupuit and the Engineers with Robert F. Hébert. University of Chicago Press, March 1999. (ISBN 0-2261-9999-1)
• Sacred Trust: The Medieval Church as an Economic Firm with Robert F. Hébert, Robert Tollison, Gary Anderson, and Audrey Davidson. Oxford University Press, 2003. (ISBN 0-1951-0337-8)
• Tariffs, Blockades, and Inflation: The Economics of the Civil War with Mark Thornton. Scholarly Resource Books, 2004. (ISBN 0-8420-2961-3)
• The Persistence of Myth and Tragedy in Twentieth-Century Mexican Art with Catherine Walsh. Taylor Museum of Art, 2004.
• The Marketplace of Christianity with Robert F. Hébert and Robert D. Tollison. (available in Italian) MIT Press, November 2006. (ISBN 0-2620-5082-X)
• Economic Origins of Roman Christianity with Robert D. Tollison. University of Chicago Press, 2011. (ISBN 0-226-20002-7)
• The Economics of Edwin Chadwick with Edward. O. Price, III. Edward Elgar, 2012. (ISBN 978-1-78100-503-3)
• The Economics of American Art: Issues, Artists and Market Institutions with John D. Jackson and Robert Tollison. Oxford University Press, 2017. (ISBN 0190657898)

As editor

• The Evolution of Modern Demand Theory: A Collection of Essays with Eirik G. Furubotn and W. P. Gramm. D. C. Heath and Co., 1972
• The Foundations of Regulatory Economics in 3 volumes. Edward Elgar, 1988.