Young Back Choi, Ph.D.

Economics and Finance
PhD, Economics, University of Michigan
Dr. Young Back Choi is Professor of Economics. His research interest is on entrepreneurship, economic mobility, process of social change, and economic development. He also occasionally writes on Adam Smith. He has run a lecture series funded by the Charles Koch Foundation since fall 2010, bringing about five outside speakers a year. He has been a faculty fellow in the Program on Market Institutions and Processes at NYU Economics Department since 1994. He has been a visitor at Washington University, George Mason University, Max-Planck Institute for Comparative Economic Systems (Germany), American Institute for Economic Research, Social Philosophy and Policy Center, Gokkugakuin University (Japan), and Soongsil University (Korea). He has been teaching at the college level since 1984. His Ph.D. in Economics is from the University of Michigan.

Teaching Interests

Principles of Economics, Industrial Economics, Public Finance, and International Economics

Research Interests

Entrepreneurship, Process of Change, Economic Mobility, and Economic Development

Courses Taught


Select Publications

Journal Articles

Choi, Y. (2015). Is the American Dream Dead? Inequality, Mobility, and Entrepreneurship. Bingly: Journal of Entrepreneurship and Public Policy. vol. 4, pp. 234-256.

Choi, Y. (2013). Path Dependence and the Korean Keyboard. Journal Of Economic Behavior And Organization. vol. 88, pp. 37-46.

Choi, Y. (2011). Can an unwilling horse be made drink?. Journal of Institutional Economics. vol. 7, pp. 511-516.

Choi, Y. (2010). Richard Posner's Economics of Organization. Journal of Institutional Economics. vol. 6, pp. 59-63.

Choi, Y. (2008). Path Dependence and the Korean Alphabet. Journal Of Economic Behavior And Organization. vol. 65, pp. 185-201.

Choi, Y. (2002). Misunderstanding Distribution. Social Philosophy and Policy. vol. 19, pp. 110-139.

Choi, Y. (1999). On the Rich Getting Richer and the Poor Getting Poorer. Kyklos. vol. 52, pp. 239-258.

Choi, Y. (1999). Conventions and Economic Change: A Contribution toward a Theory of Political Economy. Constitutional Political Economy. vol. 10, pp. 245-264.

Choi, Y. (1995). Entrepreneurship: Schumpeter vs. Kirzner. Advances in Austrian Economics. vol. 2A, pp. 55-65.

Choi, Y. (1993). Entrepreneurship and Envy. Constitutional Political Economy. vol. 4, pp. 331-347.

Choi, Y. (1990). Adam Smith's View of Human Nature. Review of Social Economy. vol. 48, pp. 288-302.

Choi, Y. (1989). Political Economy of Han Feitzu. History of Political Economy. vol. 21, pp. 367-390.


Choi, Y. (2011). Institutional Economics and National Competitiveness. Routledge.

(2001). Perspectives on Korean Unification and Economic Integration. Edward Elgar.

(1997). Borderlands of Economics. London: Routledge.

Choi, Y. (1993). Paradigms and Conventions: Uncertainty, Decision Making, and Entrepreneurship. Ann Arbor, MI: University of Michigan Press.

Books Chapters

Choi, Y. (2011). Institutions for Economic Prosperity. In: Institutional Economics and National Competitiveness. London, UK: Routledge. pp. 63-83.

Choi, Y. (2000). Financial Crisis and Perspectives on Korean Economic Development. In: Asian Financial Crisis. JAI/Elsevier. pp. 375-396.

Choi, Y. (1999). Conventions and Learning: A Perspective on the Market Process. In: Economic Organisation and Economic Knowledge. London: Edward Elgar. pp. 57-75.

Choi, Y. (1995). Entrepreneurship in Introductory Economics Textbooks. In: Rethinking Economics Principles. Chicago, IL: Urwin. pp. 65-80.