Edward Lopez

Professor Western Carolina University

  • Cullowhee NC

Edward Lopez is Professor of Economics and founding director of Western Carolina University's Center for the Study of Free Enterprise.

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Biography

Edward J. Lopez is the founding director of WCU’s Center for the Study of Free Enterprise, and Executive Director and Past President of the Public Choice Society. In the past, he has overseen WCU’s Free Enterprise Speaker Series and the BB&T Moral Foundations of Capitalism Programs, which offer research and educational grants to WCU students and faculty.

Edward is a public choice economist focusing on institutional entrepreneurship. He uses the tools of economics to research the dynamics of social institutions, which are the interleaving sets of rules that govern particular decision settings. Edward tends to focus on the origins of institutions and the process of institutional change through time. His early papers used natural experiments and econometric methods to model the political choice of institutions like term limits, eminent domain, teacher pay, committee assignments, and more. In later work, Edward began focusing on conceptual frameworks that combine non-market entrepreneurs implementing alternative ideas to create change, captured in his 2013 co-authored book with Stanford University Press.

Recent and current paper topics include the cognitive origins of institutions, co-production of knowledge governance, informal institutions, U.S. fiscal history, bottom-up socialism, coordination between think tanks & academia, eminent domain in Michigan cf. North Carolina, and the economic thought of Nobel Laureate James Buchanan.

Industry Expertise

Education/Learning
Writing and Editing

Areas of Expertise

Economics of Ideas
Public Choice
Ethics of Capitalism
Public Finance
Principles of Economics
Intermediate Microeconomics
Law & Economics
Entrepreneurship

Accomplishments

Kent-Aronoff Service Award

2017

Association of Private Enterprise Education

Faculty Excellence Award

2018-19

Honors College Board of Directors, Western Carolina University

Excellence in Research Award

2014-15

College of Business, Western Carolina University

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Education

George Mason University

Ph.D.

Economics

1997

George Mason University

M.A.

Economics

1995

Texas A&M University

B.S.

Economics

1992

Affiliations

  • Political Economy in the Carolinas : Editorial Board
  • The Independent Institute : Research Fellow

Languages

  • English

Media Appearances

Guest opinion: Closing the digital divide in rural Utah

Utah Policy  online

2022-09-01

One recent study even found that the American economy as a whole is being harmed by the delays that result from our nation’s flawed pole rules. The study, conducted by Edward Lopez, a professor of economics at Western Carolina University, and pole attachment expert Patricia Kravtin, found that pole attachment delays cost Americans between $491 million and $1.86 billion each month.

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Watch the Best in the West: North Carolina’s 11th Congressional District forum

Blue Ridge Public Radio  online

2022-08-31

Questions were asked from panelists Dr. Edward Lopez, professor of economics at Western Carolina University's Center for the Study of Free Enterprise; Richard G. Sneed, principal chief of the Eastern Band of Cherokee Indians; Dewana Little, executive director of YMI Cultural Center; and Dr. Susan Mims, CEO of Dogwood Health Trust along with hosts Blue Ridge Public Radio Regional Reporter Lilly Knoepp and Smoky Mountain News Politics Editor Cory Vaillancourt.

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BPR and Smoky Mountain News to host NC-11 candidate forum

Blue Ridge Public Radio  online

2022-08-17

Questions will come from Dr. Edward Lopez, director of Western Carolina University's Center for the Study of Free Enterprise; Richard G. Sneed, principal chief of the Eastern Band of Cherokee Indians; Dewana Little, executive director of YMI Cultural Center; and Dr. Susan Mims, CEO of Dogwood Health Trust.

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Articles

Individual Sovereignty and Coproduction of Knowledge Governance

Governing Markets as Knowledge Commons

2020

Common pooling of knowledge goods requires effective governance institutions to avoid over depletion or under provision. Following recent literature, this paper treats the institutions of knowledge goods governance as dually coproduced in provision and shared in consumption. I combine a notion of individual sovereignty from political economy with a scalar analysis of the knowledge content of goods exchanged within a community.

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I, Vaccine: Or, How to Appreciate the Beautifully Simple

SSRN

2020

Who can’t feel good about the mind-blowingly short duration it’s taken to develop a safe and effective vaccine? For the same reason, we should also be amazed at the complexity of its distribution. The Wall Street Journal captures the point.

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Rediscovering Buchanan’s rediscovery: non-market exchange versus antiseptic allocation

Public Choice

2020

While Buchanan is best known for the economics of politics and constitutions, his seminal contributions to this field are but one branch of his more underlying methodology and approach to doing social science. Buchanan’s fundamental project was to re-orient economics and social science toward an analysis of symbiotic exchange (catallactics) rather than of antiseptic allocation (optimization).

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