"The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine. He neither endeavours to impose upon you by the cunning devices of an artful impostor, nor by the arrogant airs of an assuming pedant, nor by the confident assertions of a superficial and imprudent pretender. He is not ostentatious even of the abilities which he really possesses. His conversation is simple and modest, and he is averse to all the quackish arts by which other people so frequently thrust themselves into public notice and reputation."

- Adam Smith (Theory of Moral Sentiments

"The qualities of mind...that I seek to emulate: the willingness to question anything, and anybody, on any subject anytime; the categorical refusal to accept anything as sacred; the genuine openness to all ideas; and, finally, the basic conviction that most ideas peddled about are nonsense or worse when examined critically." 
James M. Buchanan (Economics from the Outside In)

"The field of science, indeed the whole world of human society, is a cooperative one. At each moment we are competing, whether for academic honors or business success. But in the background, and what makes society an engine of process, is a whole set of successes and even failures from which we have learned."

​- Kenneth Arrow (Lives of the Laureates)

​"...nobody can be a great economist who is only an economist—and I am even tempted to add that the economist who is only an economist is likely to become a nuisance if not a positive danger."

- F. A. Hayek  (Social and Economic Philosophy)

"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties."

- John Milton (1644)

"...truth eludes us if we do not concentrate our attention totally on its pursuit." 

- Alexandr Solzhenitsyn ("A World Split Apart")

Director, Political Economy Research Institute at Middle Tennessee State University

Associate Professor of Economics, Jones College of Business at Middle Tennessee State University

Book Review Editor, The Review of Austrian Economics


Dr. Daniel J. Smith the Director of the Political Economy Research Institute and Associate Professor of Economics in the Jones College of Business at Middle Tennessee State University. Dr. Smith was previously the Associate Director of the Manuel H. Johnson Center for Political Economy and the BB&T Professor of Economic Freedom at Troy University. He serves as the Book Review Editor for The Review of Austrian Economics. Daniel was raised in Midland, MI, where he also did his undergraduate in economics, banking & finance, and business management at Northwood University. Daniel received his Ph.D. in economics from George Mason University. Dr. Smith's academic research and policy work uses Austrian and public choice economics to analyze private and public governance institutions.

Dr. Daniel J. Smith