Inquiry Abt Economics

From: Walter Block <[email protected]>
To: ‘Anthoney
Subject: RE: inquiry abt economics

Dear Anthony:

I do indeed have a “tip” for you. See below.

Best regards,


From: Anthoney
To: [email protected]
Subject: inquiry abt economics

To the Honourable Dr. Block:

I am currently a high-school student who has discovered an interest in economics through studying your work, primarily ‘defending the undefendable’ as well as ‘labour economics from a free market perspective’. Your books are very concise and informative and I have enjoyed them thoroughly.

However, it is for that reason that I approach you with a concern. This may seem a little odd, but no doubt it is a genuine one. I am planning to obtain employment in the field of economics, for the reason of it being compelling. To do this I think I need to take some rigorous economics courses in undergrad at the very least. Many of the contents in undergrad economics though are typically mainstream or neoclassical though, to my understanding. (You may correct me on this)

I don’t wish to become merely another mainstream shill or abandon my Austrian beliefs because of what I learn. Do you have any tips on how to avoid this? Once again it may seem a silly concern but feel free to answer if you wish.

Thank you,

Might you be interested in enrolling at Loyola and studying with me and my free enterprise-oriented colleagues? If so, take a peek at this material: Interview with Bob Wenzel re the case for enrolling at Loyola University New Orleans

Loyola has a high tuition; this cannot be denied. However, this Jesuit University does award scholarships, not only on a need basis. As well there is the Walter Block Scholarship, which is additional to the funds offered by Loyola:

In my view, all three of the econ dept members, 100% of us, are libertarians with varying interests in Austrian economics. But we are also strong on statistics, math econ, and econometrics.

We also have other profs in the B school who are free market oriented, albeit neither Austrians nor libertarians, and several others at Loyola outside of the B school. Also, there are several profs at next door Tulane who fit this bill and attend my seminars, regularly. We also have quite a few students interested in Austro libertarianism, so you’ll feel at home here. But, don’t worry, we also have full representation of political correctness as do virtually all universities nowadays.

If you want to get a good advanced degree, it should be from a very prestigious school such as Harvard, MIT, Princeton, Chicago. But in my experience (Brooklyn College, undergrad, Columbia PhD) this does not apply to undergrad degrees. Loyola will do just fine as a stepping stone to one of those, as in my case.

Further info on the WB scholarship:

Block, Walter E.  2019. “Prospective libertarian students should consider the Walter Block scholarship.” February 3;;

The Walter Block Scholarship

I have been a professor of economics at Loyola since 2001. During that time, I have had numerous excellent students, who were interested in my research projects: Austrian economics and libertarian theory. I have been lucky that many of these students, while still in high school, read my publications and listened to my speeches, some in person for example at the Mises University, and others on the web. As a result, they enrolled at Loyola in order to study with me, and my half dozen fellow free enterprise professors. This might not sound like all that much, given that we have some 200 professors, but, believe me, Loyola New Orleans is a beacon of light as far as Rothbardianism and Misesianism are concerned. At next door Tulane University, with a faculty at least triple our size, there are only two professors who fit this bill. And at LSU in Baton Rouge, quadruple our size, there is not a single solitary professor who espouses such a political economic philosophy. Yes, we have numerous social justice warriors, Marxists, feminists, professors, as do virtually all universities. But, at least at Loyola, a student will be introduced to both sides of debatable issues, unlike at most universities. As well, with so many professors who appreciate economic freedom, there are many students who also do. According to research I have seen, one of the best predictors of student satisfaction is finding friends among the student body.  You will, here at Loyola.

So, if you are a student at a junior or two year university, which has no libertarian professors, and no students of this persuasion either, think of transferring to Loyola. If you are a high school student, getting ready to apply to university, consider us. If you are a parent or grandparent of a college age person, do consider suggesting that they apply for admission to Loyola, in order to study with me and my free enterprise fellow colleagues.

Just recently, a former student of mine has set up a Walter E. Block scholarship. It is worth $25,000, for the next four years, for a total of $100,000. I am now able to disburse these funds to Loyola students who demonstrate an interest in private property, free markets and limited government. Make no mistake about this, Loyola’s tuition is very high. However, my school does give generous scholarships, based on financial need, and also for other reasons. My scholarship money will be in addition to those funds, not a replacement for them. So, apply to Loyola, even if you thought our price tag was too high. With this scholarship money at my disposal, we can be financially competitive even with public universities.

This award is for students who are interested in studying the economics of free enterprise, who are supporters of the philosophy of private property rights, limited government, deregulation, free trade. Please provide me with evidence of your interest in this libertarian free market philosophy. Books you have read on this subject? Book reports on them? Term papers on this subject? Leaders of this philosophy by whom you have been influenced? As an application, please write me a letter along these lines. You can reach me at [email protected]

Block, Walter E.  2019. “Attention High School Students.” February 6;

Block, Walter E. 2017. “C’mon Down To New Orleans; The Water’s Fine. Enroll at Loyola University.” June 27;

Loyola Economics Students Published Widely in Refereed Journals;

Block, Walter E.  2017. “The Best Place to Study Undergraduate Economics.” June 30;

Wenzel, Robert. 2017. Interview with Walter E. Block. “The Inside Scoop on Studying Economics at Loyola University-New Orleans” September 3;

Block, Walter E. 2008. “Attention Students: Should You Get Your Ph.D. and Become a Professor?” June 28; (debate with Gary North);

Top Ten Contemporary Academics Helping The Political Right (I’m #8) Literature map; some interesting writers

100 Most Influential Libertarians: A Newsmax/FreedomFest List (#46)

Block, Walter E. 2018. “Scholarship Opportunity: Spring 2019 New Business Students!” December 15;

Wenzel, Robert. 2018. “An Opportunity to Study Under a Libertarian Great.” December 11;

Wenzel, Robert. 2018. “Introducing the Walter E. Block Scholarship.” December 11;

Our economics department:


6:16 am on March 25, 2024