Russell S. Sobel

Professor of Economics & Entrepreneurship, Baker School of Business at The Citadel

Russell S. Sobel is Professor of Economics & Entrepreneurship in the Baker School of Business at The Citadel in his hometown of Charleston, South Carolina. He received his Ph.D. in economics from Florida State University in 1994. He is co-editor of the Southern Economic Journal and is a member of the editorial boards for the journals Public Choice and the Journal of Entrepreneurship & Public Policy. He serves as a Regional Advisory Committee Member for the South Carolina Revenue and Fiscal Affairs Office Board of Economic Advisors. He is the recipient of numerous awards for both his teaching and research including the Kenneth G. Elzinga Distinguished Teaching Award from the Southern Economic Association, the Georgescu-Roegen Prize for Best Article of the Year in the Southern Economic Journal, the Association of Private Enterprise Education Distinguished Scholar Award, and the Sir Antony Fisher International Memorial Award for his book Unleashing Capitalism. He has produced over two dozen Ph.D. students, most of which have gone on to pursue distinguished academic careers. He is the author or coauthor of over 250 academic journal articles and books including Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises, The Rule of Law, Unleashing Capitalism, and The Essential Joseph Schumpeter. His publications have appeared in a wide variety of academic journals including the Journal of Political Economy, Journal of Law and Economics, Public Choice, Journal of Business Venturing, Small Business Economics, and Economic Inquiry. His research has been featured in many leading news outlets including the New York Times, Wall Street Journal, Washington Post, U.S. News and World Report, Investor’s Business Daily, The Economist Magazine, The Financial Post, CNBC, and the CBS Evening News. His current recent research focuses on the intersection of entrepreneurship and economic policy.

Recent Research by Russell S. Sobel

— Jul 6, 2021
Printer-friendly version
The Determinants of Subnational Economic Freedom

The Determinants of Subnational Economic Freedom: An Analysis of Data for Seven Countries with Implications for Optimal Jurisdiction Size is a new study that examines if there is an optimal size for a subnational jurisdiction (states and provinces) that will maximize economic freedom. Covering a total of 158 states and provinces in seven countries, this study finds that provinces and states such as Ontario, California and New York whose populations have grown beyond 9.5 million people tend to have higher levels of government spending, higher taxes and less flexible labour markets.

— Mar 4, 2021
Printer-friendly version
Achieving the Four-Day Work Week: Essays on Improving Productivity Growth in Canada

Achieving the 4-Day Work Week: Essays on Improving Productivity Growth in Canada is a new essay series, authored by notable economists and analysts from across North America, that identifies and discusses a set of initiatives that promise to improve Canada’s labour productivity growth rate, which is essential to achieve a 4-day work week without sacrificing compensation. In broad terms, the initiatives identified in these essays promote faster productivity growth by encouraging more investment in physical and human capital, and by stimulating innovation and entrepreneurship.

— Jul 2, 2020
Printer-friendly version

The Essential Joseph Schumpeter is a new book, website and animated video series that provide an overview of the key ideas of one of the most accomplished economists of the 20th century. Joseph Schumpeter is best known for popularizing the phrase “creative destruction”—the process where new innovations arise and cause the old way of doing things to disappear. Throughout his career in the private sector, government and academia, Schumpeter’s work fundamentally influenced the way economists view entrepreneurship, innovation and economic progress.