One of the most dynamic and insightful theorists writing on property rights, Svetozar “Steve” Pejovich reflects here on his experience in economics. With characteristic sagacity and humor, he demonstrates the power that empirical cases can bring to bear on theoretical problems.
Born in Belgrade, Pejovich is Professor Emeritus at Texas A&M University, where he taught for over twenty years, and is the author of many influential articles and books including The Economics of Property Rights: Towards a Theory of Comparative Sysatems and Law; Informal Rules; and Economics Performance: The Case for Common Law. In the late 1970s, he was Professor and Chair of the Department of Economics at the University of Dallas, where he also served as President.
In conversation with Bill Jersey, Pejovich speaks openly about his life, which began under the tyranny of the Nazis, was lived into maturity subject to the despotism of the Communists, and was eventually transformed by a move to the United States. Under a government based on ideas of “life, liberty, and the pursuit of happiness,” he found a new home in Texas–an expansive land where his vision of economic freedom and cultural vitality was realized.