Constitutional Political Economy. In the spirit of Federalist 51, how do we empower the state to do good things, while preventing it from taking our lives and property? Is it even possible? What institutions promote human flourishing? I study constitutional political economy, in the tradition of F.A. Hayek and James Buchanan, with a particular emphasis on the relationship between constitutional culture and constitutional parchment.
Institutional Economics. Moving down from the constitutional level ("rules about rules") I study the economic impact of various rules. I am curious about financial institutions, financial regulations (such as Dodd-Frank or Sarbanes Oxley), monetary institutions and central banks, the Euro, the business firm and corporate culture, etc. I also study wine economics, and the impact of various regulations on the availability, quality and price of the wine we can enjoy with friends.
Austrian Economics. I am mostly a student of F.A. Hayek; I am particularly curious about his knowledge problem and "the use of knowledge in society"; the epistemic foundations of limited government; his prescriptions for a "constitution of liberty"; and his thinking on philosophy, politics and economics. I also study Austrian insights on central banking, business cycle theory, and economic methodology.
History of Economic Thought. How do ideas evolve? What is the relationship among metaphysics, epistemology, ethics, and politics? What is the relationship among philosophy, culture, and economics? How do we analyze contemporary problems? I am curious about the integration of various schools of economic thought, and their contributions to economic analysis. I am particularly interested in the development of the prevailing Keynesian, mathematical, interventionist, neoclassical paradigm, and some of its critics – and critics of its critics. I am also curious about the multidisciplinary methodology of philosophy, politics and economics ("PPE").
Schlueter, Nathan and Nikolai Wenzel. Naïve Libertarians and Socialist Conservatives? Foundations of the Libertarian-Conservative Debate. Stanford University Press (2016). https://www.amazon.com/Selfish-Libertarians-Socialist-Conservatives-Libertarian-Conservative/dp/1503600289
Hobbs, Bradley and Nikolai Wenzel. "The Physiocrats: Friends or Foes of Liberty?" New Perspectives on Political Economy (forthcoming).
Martin, Christopher and Nikolai Wenzel. "Misjudging the Welfare State: F.A. Hayek as Classical Liberal, Socialist or Closet Anarchist?" Review of Austrian Economics (forthcoming).
Koppl, Roger and Nikolai Wenzel. "Mises' Human Action: A Contextual Essay." Liberty Fund (forthcoming).
Wenzel, Nikolai. "Socialism and the Modern Imagination: Reflections on Ayn Rand's We the Living." Journal of Private Enterprise (forthcoming).
Wenzel, Nikolai. "Constitutionalism, Growth and Dictatorship: Argentina's Constitutional Culture Rejects the New Parchment." Developments in Spontaneous Orders (forthcoming).
Wenzel, Nikolai. "Oklahoma's Singing Cowboys: Themes of Religion, Freedom and Prosperity in Sooner Country Music, from Bob Wills to Garth Brooks." Journal of Texas Music History (forthcoming).
Haight, Colleen and Nikolai Wenzel. "Domaine Pas de Choix: Government Intervention in the Champagne Market," Journal of Entrepreneurship and Public Policy, Volume 7, Issue 1, 51-61.
Besenhard, Petra and Nikolai Wenzel. "Circumventing the Predatory State: Lessons and Futures for the Tuareg from the New Development Economics." International Journal of Development Issues, Vol. 16, No. 3, 245-259 (2017).
Wenzel, Nikolai. "Matching the Formal and the Informal: Constitutional Culture, Constitutional Parchment and Constitutional Failure." Jurisprudence 31 (2017).
Wenzel, Nikolai. "France's Fifth Republic at Fifty: Plebiscitarian Caesarism from Descartes to Rousseau." Journal des Economistes et des Etudes Humaines, Vol. 22, No. 2 (2016)
Wenzel, Nikolai. "Classical Communitarianism and Liberal Anomie: Towards an Individual yet Robust Theory of Citizenship." New Perspectives on Political Economy, Vol. 12, No.1-2 (2016).
Paxson, Nathaniel and Nikolai Wenzel. "Neurohayekianism, Bounded Rationality, and the Process of Choice: F.A. Hayek and Vernon Smith on the Misesian Action Axiom." Review of Austrian Economics, Volume 29, Issue 2 (2016).
Wenzel, Nikolai. "Killing Federalism from Above: Constitutional Culture, the Italian Founding, and the Seeds of Contemporary Instability." Historia Constitucional, No. 16 (2015).
Spigarelli, Francesca and Nikolai Wenzel. "Monetary Union without Fiscal Union? The Euro Crisis and the Move Towards European Fiscal Union," New Perspectives on Political Economy, Volume 11, Nos. 1-2 (2015).
Wenzel, Nikolai, "Lessons from Constitutional Culture and the History of Constitutional Transfer: A Hope for Constitutionally Limited Government?" International Advances in Economic Research, Volume 20, Issue 2, 213-226 (2014).
Tuma, Gwendoline and Nikolai Wenzel. "People, Your Country Has Returned to You: The Czech Constitution of 1992 as Return to Constitutional Tradition." New Perspectives on Political Economy, Vol. 9, No. 1-2, 38-52 (2013).
Haight, Colleen, Andres Marroquin Gramajo, and Nikolai Wenzel. "The Calculus of Consent: 50th Anniversary." Laissez Faire (Facultad de Ciencias Económicas, Universidad Francisco Marroquin), Vol. 36-37, 88-96 (2012).
Wenzel, Nikolai. "From Dictatorship to Democracy – and from Dirigisme to Rule of Law? Constitutional Learning in Argentina Since 1983." Laissez Faire (Facultad de Ciencias Económicas, Universidad Francisco Marroquin), Vol. 34, 60-74 (2011).
Wenzel, Nikolai. "Ideology, Constitutional Culture, and Institutional Change: The EU Constitution as Reflection of Europe's Emergent Postmodernism." Romanian Economic and Business Review, Volume 2, No. 3, 25-47 (2007).
Wenzel, Nikolai. "Beyond Parchment, Beyond Formal Rules: Constitutional Culture and Constitutional Political Economy." Ama-Gi, The Journal of the Hayek Society of the London School of Economics, Volume 8, Issue 1, 8-27 (2007).
Wenzel, Nikolai. "The Fetterman Fight of 21 December 1866." Journal of America's Military Past, Vol. XXVIII, No. 1, 46-59 (2001).
Schibuola, Alexander and Nikolai Wenzel. "Violence, Social Orders and Social Change: A Reflection on Douglass North," in The UFM Companion to Douglass North, A. Marroquin (ed.), Universidad Francisco Marroquin.
Wenzel, Nikolai. "Unfair and Unequal: The Cost of Reducing Inequality." In Egalitarianism: Fair and Equal?, edited by Robert Whaples, Christopher Coyne and Michael Munger. Oakland, CA: Independent Institute (forthcoming).
Spigarelli, Francesca and Nikolai Wenzel. "La Crisi dell'Euro: Quale Futuro per una Unione Monetaria senza Unione Fiscale?" In L'Unione Europea e la Riforma del Governo Economico della Zona Euro, edited by M. Eugenia Bartoloni, Andrea Caligiuri, and Benedetta Ubertazzi, 154-167. Naples: Editoriale Scientifica (2013).
Wenzel, Nikolai. "An Institutional Solution for a Cognitive Problem: Hayek's Sensory Order as Foundation for Hayek's Institutional Order." In The Social Science of Hayek's The Sensory Order, edited by William N. Butos, Volume Editor; Advances in Austrian Economics, Vol. 13, 311-335. Bingley, UK: Emerald Group Publishing (2010).
Wenzel, Nikolai. "Postmodernism and Religion". In The Oxford Handbook of the Sociology of Religion, edited by Peter Clarke, 172-193. Oxford: Oxford University Press (2008).
Wenzel, Nikolai. "Reply to Michael Munger on Libertarianism as a Governing Philosophy." Law & Liberty (April 2018).
Wenzel, Nikolai. "The Great Invention: The Story of GDP and the Making and Unmaking of the Modern World, by Ehsan Masood." The Journal of Markets and Morality, Vol. 20, No. 1
Select Work in Progress
Beck-Peter, Tricia and Nikolai Wenzel. "Educating Girls, Educated Women: Challenging Bill Easterly’s Assumptions About the Impact of Education."
Hobbs, Brad and Nikolai Wenzel. Research project (3-5 articles and a book) on cronyism.
Howell, Jessica and Nikolai Wenzel. "Wildavsky-Thompson Types and the Political Economy of Revolution: Russia's Fatalistic Peasants."
Lemennicier, Bertrand and Nikolai Wenzel. "The Judge and His Hangman: Judicial Selection and the Accountability of Judges."
Marlowe, Hugh and Nikolai Wenzel. Essays on the Humanities and the Crisis in Higher Education.
Mussler, Alexandra and Nikolai Wenzel. "The Idea Trap and Bad Policies: The Politics, Philosophy and Truth of the Financial Crisis of 2007."
Patton, Mark and Nikolai Wenzel. "The Deference to Liberty: The Political Economy of Judicial Abdication and Judicial Engagement."
Wenzel, Nikolai. "Epistemological Limits: Hayek and Rand on Reason and the Abuse of Reason."
Select Policy Publications
Wenzel, Nikolai. "A Mixed Market." Letter to the Editor (print version), The Economist, June 23rd-29th 2007.
Wenzel, Nikolai. "The Golden Door – Left Open." American Enterprise Institute, Vol. 14, No.1, Jan/Feb 2003.
Wenzel, Nikolai. "Libertarian Cato Institute Contrasts with Conservative Washington." The Financial Times, June 2002.
Wenzel, Nikolai. "Why We Got Out: Two Junior Officers Find That 'Kiss Up, Kick Down' Is the Working Motto of the Foreign Service." Foreign Service Journal, December 1999.
Wenzel, Nikolai. "L'accès aux institutions financières," in La planète Terre entre nos mains. Paris: Documentation Française, 1994.