Phillip Ellison (Economics)

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Honors Fellowships 2023
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About

Title: Broken Windows, Negative Railroads, and Sun-Hating Candlemakers: Modern-Day Applications of Frederic Bastiat's Economic Fables

Department: Economics

Description: In Economics, important principles are rarely explained in an accessible or entertaining way. This project will explore a rare exception to this rule: the fables of 19th-century, economic journalist Claude-Frederic Bastiat. Arguing against the economic policies promoted by his political opponents, Bastiat wrote and published numerous articles and pamphlets for the voting public. In these, he employed educational and humorous fables to both illustrate economic principles (e.g., opportunity cost) and expose policies as non-sensical (e.g., protectionist tariffs). This project will utilize historical and economic methodology, combined with fluency in French, to understand Bastiat, his intellectual and historical context, and his legacy within Economics. Then, this understanding will be used to show how his ideas and methods can be applied in the modern day to render economic knowledge more accessible to the public. Given public policy is ultimately determined by the voting public in a democracy, making economic knowledge more accessible will lead to better economic policy.

Hometown: Winnetka, Illinois

Advisor: Clyde Haulman

Each William & Mary Honors Fellowships donation supports the whole Charles Center Honors Fellowships Fund. Donations inspired by specific research projects are distributed by the Charles Center in a way that benefits this project and others. To learn more about Honors Fellowships, please visit our website.


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