Young Back Choi

Young Back Choi
Professor of Economics, Department of Economics and Finance

Prof. Choi has taught a variety of courses in economics. He has research interests in the area of entrepreneurship, the market process, and economic development. He has published on the issues of entrepreneurship, economic development, transition economies, income distribution, history of economic ideas, and methodology.

Prof. Choi has been a visiting scholar at George Mason University, Washington University, Social Philosophy and Policy Center, American Institute of Economic Research, Max-Planck Institute for Comparative Economic Systems (Germany), and Kokugakkuin University (Japan). Since 1994 he has been a Faculty Associate of the Program on the Foundations of the Market Economy, New York University.

He received his Ph.D. in Economics from the University of Michigan in 1986.

Courses Taught

Subject	Number	Title
ECO	200	Managerial Economics and Forecasting
ECO	205	International Economics and Investment
ECO	150	Economic Analysis
ECO	3313	Public Finance
ECO	2327	History of American Business Enterprise
ECO	1302	Principles of Microeconomics
ECO	1301	Principles of Macroeconomics

Publications

Books

Economic and Political Reforms in Asia. (co-editors T. Chen and S.Lee)  Institute of Asian Studies, St. John's University, 1992.

Paradigms and Conventions: Uncertainty, Decision Making, and Entrepreneurship. Ann Arbor: University of Michigan Press, 1993.

Financial and Economic Integration in Asia. (co-editors T.Chen and T. Liaw) Institute of Asian Studies, St. John's University, 1993.

Borderlands of Economics. (co-editor: N. Aslanbuigui), London: Routledge, 1997.

Perspectives on Korean Unification and Economic Integration. (co-editors: Y. Merrill, Y. Yang, and S. Chang), Edward Elgar, 2001.

On Income and Wealth Distribution. (monograph) AIER, 2003.

Book Chapters

"Industrial Policy as the Engine of Economic Growth in S. Korea: Myth and Reality" in The Collapse of Development Planning. edited by P. Boettke. New York: New York University Press, 1994: 231-255.

"Entrepreneurship in Introductory Economics Textbooks" in Rethinking Economics Principles. edited by N. Aslanbeigui and M. Naples. Chicago: Urwin, 1995: 65-80.

"The Americanization of Economics in South Korea", Research in the History of Economic Thought and Methodology. vol. 14, 1996: 161-170. 

"Decision Making as learning Process" in Borderlands of Economics. edited by N. Aslanbeigui and Y.B. Choi. London: Routledge, 1997: 214-231.

"Conventions and Learning: A Perspective on the Market Process" in Economic Organisation and Economic Knowledge. edited by S.C. Dow and P. Earl. London: Edward Elgar. 1999: 57-75.

"Convention" in The Elgar Companion to Consumer Research and Economic Psychology. edited by S. Kemp and P. Earl. London: Edward Elgar, 1999: 134-139.

"Financial Crisis and Perspectives on Korean Economic Development" in Asian Financial Crisis. Ed. By J. Choi. JAI/Elsevier, 2000: 375-396.

"Costs and Benefits of Unification", in Perspectives on Korean Unification and Economic Integration. ed. by Y. Choi, Y. Merrill, Y. Yang and S. Chang. London: Edward Elgar, 2001: 172-189.

Journals

"Political Economy of Han Feitzu", History of Political Economy. 21(2), Summer 1989: 367-390.

"Adam Smith's View of Human Nature", Review of Social Economy. 48(3) Fall 1990: 288-302.

"Mancur Olson's Encompassing Organization in South Korean Economic Development" American Asian Review. 11(4) Winter 1993: 149-170.

"Entrepreneurship and Envy", Constitutional Political Economy. 4(3) Fall 1993: 331-347.

"Industrial Policy for Economic Development: Lessons from S. Korean Experience", Human Systems Management. 13(2), 1994: 111-121.

"Entrepreneurship: Schumpeter vs. Kirzner", Advances in Austrian Economics. vol. 2A, 1995: 55-65. 

"The Americanization of Economics in Korea", History of Political Economy. Special issue, 1996: 95-120.

"Prof. Choi's Response", American Journal of Economics and Sociology. 56(1), 1997: 59-68.

"Economics in Korea since 1945" Kokugakuin University Economic Studies. 29, March 1998: 21-30.

"On Financial Crisis in Korea" Korea Observer. 29 (3), 1998: 485-509.

"On the Rich Getting Richer and the Poor Getting Poorer" Kyklos. 52 (2), 1999: 239-258.

"Causes of Financial Crisis in Korea" Multinational Business Review. 7 (2), Fall 1999: 45-54.

"Conventions and Economic Change: A Contribution toward a Theory of Political Economy", Constitutional Political Economy.  10 (3), 1999: 245-264.

"Political Union vs. Economic Cooperation", Quarterly Journal of Austrian Economics. 4 (2), Summer 2001: 25-39.

"Misunderstanding Distribution", Social Philosophy and Policy. 19 (1), 2002: 110-139. (Also in Should Differences in Income and Wealth Matter? Edited by E. Paul, F. Miller, and J. Paul. Cambridge: Cambridge University Press, 2002: 110-139.)

"On Neglected Opportunities and Entrepreneurial Discovery", Journal des Economistes et des Etudes Humaines. 12 (1), Mars 2002: 31-45.

"Schumpeter on Entrepreneurship", Advances in Austrian Economics. Vol. 6, 2003: 279-282. (forthcoming).

Book Reviews

Envy by Helmut Schoeck, Southern Economic Journal. April 1990: 1140-1142.

Asia's Next Giant: S. Korea and Late Industrialization by Alice Amsden, Eastern Economic Journal. July/Sept 1990: 283-285.

Liability: The Legal Revolution and Its Consequences by Peter Huber, Review of Political Economy. April 1991: 234-240.

Adam Smith and Modern Economics by Edwin West, Journal of Economic History. Sept 1991: 765-766.

Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization by Robert Wade and Race to the Swift: State and Finance in Korean Industrialization by Jung-en Woo, Eastern Economic Journal. 20(2), spring 1994: 225-227.

Galileo's Revenge: Junk Science in the Courtroom by Peter Huber, Journal of Economic Methodology. 1(2), 1994: 330-334.

Companion to Austrian Economics by Peter Boettke, Review of Political Economy. 9(1), 1997: 84-88.

Enterprise and the Irish Economy by Andrew Burke, Small Business Economics. 11, 1998: 197-200.

Paekpôm Ilchi: Autobiography of Kim Ku. Translated by Jungsoo Lee. Journal of Asian Studies. 61(3), Aug. 2002: 1071-1073.

The Institutional Economy: Demand and Supply. by David Reisman. Journal of Economic Psychology. Vol. 24, 2003: 129-132.

Other Publications

"Interview with Arjo Klamer", Methodus. 3(1), June 1991: 131-137.

"Interview with Kevin Hoover", Methodus. 3(2), Dec 1991: 118-127.

"Discussion" in The US-Korea Economic Partnership. edited by Y. Kim and K. Oh. Aldershot, UK: Averbury, 1995: 121-123.

"On Financial Crisis in Korea: A Wake Up Call", Diskussionsbeitrag (working paper), Max Planck Institute for Research Into Economic Systems, Germany, June 1998.

"Political Union vs. Economic Cooperation", Post-Conference Volume, James Baker III Institute for Public Policy, Rice University, edited by S. Chae and K.Y. Jeong. July 2001: 89-100.

"On Debt Forgiveness", Vincentian Chair of Social Justice: Restoring Justice in the 21st Century. St. John's University. Vol. 6, 2002: 27-28.

E-mail: choiyb@stjohns.edu