DOCSLIB.ORG

Patrick Newman Address: Florida Southern College Email: Patrick

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Patrick Newman Address: Florida Southern College Email: Patrick Patrick Newman Address: Florida Southern College Email: [email protected] Barney Barnett School of Business and Free Enterprise Website: www.patricktnewman.com 111 Lake Hollingsworth Drive 908-507-9592 Lakeland, FL 33801 Employment • Assistant Professor, Florida Southern College Fellow of the Center for Free Enterprise, 2017- • Visiting Assistant Professor, Florida Gulf Coast University, 2016-2017 Education • George Mason University, Fairfax PhD in Economics, 2013-2016 Masters in Economics, 2015 • Rutgers University, New Brunswick B.A in Economics and Mathematics, magna cum laude, 2010-2013 Loyola University, Maryland, 2009-2010 Publications 1. Edited Books • Roots of the Modern State: The Progressive Era, by Murray Rothbard (Auburn AL: Ludwig von Mises Institute, 2017). 2. Journal Articles • “Origins of the National Banking System: The Chase-Cooke Connection and the New York City Banks.” Independent Review (Winter 2018). Link to Paper • “The Consequences of Keynes.” Journal of Markets and Morality forthcoming (Coauthored with Peter Boettke). Link to Paper • “The Depression of 1920-1921: A Credit Induced Boom and a Market Based Recovery?” The Review of Austrian Economics (2016) 29(4): 387-414. Link to Paper • “The History of a Tradition: Austrian Economics from 1871 to 2016.” Research in the History of Economic Thought and Methodology (2016) 34A: 199-243. (Coauthored with Peter Boettke & Christopher Coyne) Link to Paper Link to SSRN draft • “Expansionary Monetary Policy at the Federal Reserve in the 1920s.” Advances in Austrian Economics (2016) 20:105-134. Link to Paper Link to SSRN draft • “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory.” The Quarterly Journal of Austrian Economics (2015) 18(4): 456-486. Link to Paper • “Editor’s Foreword to Man, Economy, and State, Original Chapter 5: Producer’s Activity.” The Quarterly Journal of Austrian Economics (2015) 18(4): 487-561. Link to Paper • “The Depression of 1873-1879: An Austrian Perspective.” The Quarterly Journal of Austrian Economics (2014) 17(4):474-509. Link to Paper • “Rothbard’s Time Market and the Demand for Present Goods.” The Quarterly Journal of Austrian Economics (2014) 17(1):46-66. Link to Paper 3. Book Chapters • “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory.” in The Economic Theory of Costs: Foundations and New Directions. Matthew McCaffrey, ed., forthcoming. Link to Paper • “The Keynesian Liquidity Trap: An Austrian Critique.” in Whats Wrong with Keynesian Economic Theory? Steven Kates, ed., (Cheltenham, UK: Edward Elgar, 2016) (Coauthored with Peter Boettke) Link to Paper 4. Book Reviews • “Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era.” By Thomas Leonard. The Independent Review, (2017) 21(3). Link to Paper • “Hall of Mirrors: The great depression, the great recession, and the uses-and misuses-of history.” By Barry Eichengreen. The Review of Austrian Economics, (2017) 30(1): 131- 35. Link to Paper • “America’s Bank: The Epic Struggle to Create the Federal Reserve.” By Roger Lowenstein. The Quarterly Journal of Austrian Economics, (2016) 19(2): 192-99. Link to Paper • “Monetary Regimes and Inflation: History, Economic, and Political Relationships 2nd Ed.” By Peter Bernholz. The Quarterly Journal of Austrian Economics, (2016) 19(2): 187-191. Link to Paper • “The Origins, History, and Future of the Federal Reserve.” Edited by Michael Bordo and William Roberds. The Quarterly Journal of Austrian Economics, (2015) 18(1): 65-74. Link to Paper Courses Taught 1. Florida Gulf Coast University • Spring 2017, Fall 2016 FIN 3244 Money & Capital Markets • Spring 2017, Fall 2016 ECO 2013 Principles of Macroeconomics • Fall 2016 ECP 3930 ST: Austrian Economics • Summer 2016 ECO 2023 Principles of Microeconomics 2. George Mason University • Spring 2016 ECON 403 Austrian Economics • Spring 2016, Fall 2015 ECON 310 Money & Banking • Fall 2015 ECON 306 Intermediate Microeconomics • Summer 2015 ECON 380 Economies in Transition, co-taught with Peter Boettke Fellowships & Awards • 2017 Mises Institute Postdoctoral Summer Fellowship • 2016 Mercatus Center Graduate Student Summer Research Fellowship • 2016 Israel M. Kirzner Award for Outstanding Dissertation in Austrian Economics • 2016 Lawrence W. Fertig Prize for “The Depression of 1873-1879: An Austrian Perspective” • 2016 APEE Young Scholar’s Award • 2015-2016 Mercatus Center Graduate Fellow • 2015-2016 Provost Supplemental Stipend Enhancement • 2015-2016 Mercatus Center PhD Fellowship • 2015-2016 Humane Studies Fellowship • 2015 Mercatus Center Graduate Student Summer Research Fellowship • 2015 Weaver Family Summer Fellow • 2015 APEE Young Scholar’s Award • 2014-2015 Provost Supplemental Stipend Enhancement • 2014-2015 Mercatus Center PhD Fellowship • 2014-2015 Humane Studies Fellowship • 2014 Mercatus Center Graduate Student Summer Research Fellowship • 2013-2014 Mercatus Center PhD Fellowship • 2013-2014 Humane Studies Fellowship • 2013 Mises Institute Summer Fellowship • 2013 Sidney I. Simon Award for Outstanding Honors Research Thesis • 2013 Henry Rutgers Scholar Award • 2013 Highest Honors for Economics Senior Thesis • 2012 Carl Menger Undergraduate Essay Contest Winner (One of three) • 2012 Douglas E. French Prize in Mündliche Prüfung (1st place) • 2012 Mises Institute Summer Fellowship • 2012 Austrian Student Scholar’s Conference Prize (3rd place) Conference Presentations • “Murray Rothbard’s Roots of the Modern State: The Progressive Era,” 2017 Austrian Economics Research Conference • “Murray Rothbard’s Roots of the Modern State: The Progressive Era,” 2016 Southern Economic Association Conference • “The Origins of the National Banking System: The Chase-Cooke Connection and the New York City Banks,” 2016 Southern Economic Association Conference • “The Depression of 1920-1921: A Credit Induced Boom and a Market Based Recovery?” 2016 The Association of Private Enterprise Education Conference • “Expansionary Monetary Policy at the Federal Reserve in the 1920s,” 2016 The Association of Private Enterprise Education Conference • “The Consequences of Keynes,” 2016 The Association of Private Enterprise Education Conference (w/ Peter Boettke) • “The Origins of the National Banking System: The Chase-Cooke Connection,” 2016 Austrian Economics Research Conference • “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory,” 2015 Southern Economic Association Conference • “The Depression of 1920-1921: A Credit Induced Boom and a Market Based Recovery?” 2015 IHS Fall Graduate Research Colloquium • “Economic Interrelatedness: Austrian Production Theory,” 2015 The Association of Private Enterprise Education Conference • “Economic Interrelatedness: Austrian Production Theory,” 2015 Austrian Economics Research Conference • “Expansionary Monetary Policy at the Federal Reserve in the 1920s,” 2014 Austrian School of Economics Biennial Conference • “Chapter 5: Producer’s Activity: The Lost Chapter of Man, Economy, and State,” 2014 Austrian Economics Research Conference • “Rothbard’s Time Market and the Demand for Present Goods,” 2014 Austrian Economics Research Conference • “The Depression of 1873-79: An Austrian Examination,” 2013 IHS Fall Research Colloquium • “The Depression of 1873-79: An Austrian Examination,” 2013 IHS Symposium on Scholarship & A Free Society • “Controlled and Uncontrolled Factors at the Federal Reserve, 1921-1933,” 2013 Austrian Economics Research Conference Link to Audio • “The Long Depression of 1873-1879: An Austrian Examination,” 2012 Southern Economic Association Conference • “A Defense of the Rothbardian Structure of Production,” 2012 Austrian Scholars Conference • “A Defense of the Rothbardian Structure of Production,” 2012 Austrian Student Scholars Conference Link to Audio Interviews • “Patrick Newman: Rothbard vs. the Progressive Era,” on Mises Weekends (2017) Link to Podcast • “Revisiting the Depression You’ve Never Heard Of,” on The Tom Woods show (2016) Link to Podcast • “The Truth About One of Those Pre-Fed Depressions,” on The Tom Woods show (2015) Link to Podcast Speaking Engagements • “Rothbard on the Progressive Era,” 2017 Mises University, July 28th 2017 Link to Video • “Murray Rothbard’s Roots of the Modern State: The Progressive Era,” Libertarian Party of Lee County, May 3rd 2017 • “The United States Financial Crisis: The Role of Big Banks and Big Government,” Eagles for Liberty event at Florida Gulf Coast University, March 30th 2017 • “The Current State of the World,” for “The Ethics & Economics of Income Inequality,” Foundation for Economic Education event at Florida Atlantic University, November 4th 2016 Journals Refereed for • Quarterly Journal of Austrian Economics • Independent Review • Libertarian Papers • Journal of Economics and Finance Education • Journal of Philosophical Economics References Dr. Lawrence H. White Department of Economics George Mason University Mason Hall, Suite D109 Fairfax, VA 22030 [email protected] Dr. Peter J. Boettke Department of Economics George Mason University Mason Hall, Suite D109 Fairfax, VA 22030 [email protected] Dr. Chris Westley Department of Economics and Finance Florida Gulf Coast University Lutgert School of Business Fort Myers, FL 33965-6565 [email protected] .
Load more

Recommended publications
  • Bibliography
    Bibliography Archival Insights into the Evolution of Economics (and Related Projects) Berlet, C. (2017). Hayek, Mises, and the Iron Rule of Unintended Consequences. In R. Leeson (Ed.), Hayek a Collaborative Biography Part IX: Te Divine Right of the ‘Free’ Market. Basingstoke, UK: Palgrave Macmillan. Farrant, A., & McPhail, E. (2017). Hayek, Tatcher, and the Muddle of the Middle. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part IX the Divine Right of the Market. Basingstoke, UK: Palgrave Macmillan. Filip, B. (2018a). Hayek on Limited Democracy, Dictatorships and the ‘Free’ Market: An Interview in Argentina, 1977. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, England: Palgrave Macmillan. Filip, B. (2018b). Hayek and Popper on Piecemeal Engineering and Ordo- Liberalism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIV: Orwell, Popper, Humboldt and Polanyi. Basingstoke, UK: Palgrave Macmillan. Friedman, M. F. (2017 [1991]). Say ‘No’ to Intolerance. In R. Leeson & C. Palm (Eds.), Milton Friedman on Freedom. Stanford, CA: Hoover Institution Press. © Te Editor(s) (if applicable) and Te Author(s) 2019 609 R. Leeson, Hayek: A Collaborative Biography, Archival Insights into the Evolution of Economics, https://doi.org/10.1007/978-3-319-78069-6 610 Bibliography Glasner, D. (2018). Hayek, Gold, Defation and Nihilism. In R. Leeson (Ed.), Hayek a Collaborative Biography Part XIII: ‘Fascism’ and Liberalism in the (Austrian) Classical Tradition. Basingstoke, UK: Palgrave Macmillan. Goldschmidt, N., & Hesse, J.-O. (2013). Eucken, Hayek, and the Road to Serfdom. In R. Leeson (Ed.), Hayek: A Collaborative Biography Part I Infuences, from Mises to Bartley.
    [Show full text]
  • Some Worries About the Coherence of Left-Libertarianism Mathias Risse
    John F. Kennedy School of Government Harvard University Faculty Research Working Papers Series Can There be “Libertarianism without Inequality”? Some Worries About the Coherence of Left-Libertarianism Mathias Risse Nov 2003 RWP03-044 The views expressed in the KSG Faculty Research Working Paper Series are those of the author(s) and do not necessarily reflect those of the John F. Kennedy School of Government or Harvard University. All works posted here are owned and copyrighted by the author(s). Papers may be downloaded for personal use only. Can There be “Libertarianism without Inequality”? Some Worries About the Coherence of Left-Libertarianism1 Mathias Risse John F. Kennedy School of Government, Harvard University October 25, 2003 1. Left-libertarianism is not a new star on the sky of political philosophy, but it was through the recent publication of Peter Vallentyne and Hillel Steiner’s anthologies that it became clearly visible as a contemporary movement with distinct historical roots. “Left- libertarian theories of justice,” says Vallentyne, “hold that agents are full self-owners and that natural resources are owned in some egalitarian manner. Unlike most versions of egalitarianism, left-libertarianism endorses full self-ownership, and thus places specific limits on what others may do to one’s person without one’s permission. Unlike right- libertarianism, it holds that natural resources may be privately appropriated only with the permission of, or with a significant payment to, the members of society. Like right- libertarianism, left-libertarianism holds that the basic rights of individuals are ownership rights. Left-libertarianism is promising because it coherently underwrites both some demands of material equality and some limits on the permissible means of promoting this equality” (Vallentyne and Steiner (2000a), p 1; emphasis added).
    [Show full text]
  • Mises Research Report
    CSSN Research Report 2021:2: The Mises Institute Network and Climate Policy. 9 Findings Policy Briefing July 2021 About the authors October, 2020. CSSN seeks to coordinate, conduct and support peer-reviewed research into the Dieter Plehwe is a Research Fellow at the Center for institutional and cultural dynamics of the political Civil Society Research at the Berlin Social Science conflict over climate change, and assist scholars in Center, Germany. Max Goldenbaum is a Student outreach to policymakers and the public. Assistant of the Center for Civil Society Research at the Berlin Social Science Center, Germany. Archana This report should be cited as: Ramanujam is a Graduate student in Sociology at Brown University, USA .Ruth McKie is a Senior Plehwe, Dieter, Max Goldenbaum, Archana Lecturer in Criminology at De Montfort University, Ramanujam, Ruth McKie, Jose Moreno, Kristoffer UK. Jose Moreno is a Predoctoral Fellow at Pompeu Ekberg, Galen Hall, Lucas Araldi, Jeremy Walker, Fabra University, Spain. Kristoffer Ekberg is a Robert Brulle, Moritz Neujeffski, Nick Graham, and Postdoctoral Historian at Chalmers University, Milan Hrubes. 2021. “The Mises Network and Sweden, Galen Hall is a recent graduate of Brown Climate Policy.” Policy Briefing, The Climate Social University and researcher in the Climate and Science Network. July 2021. Development Lab at Brown University, USA, Lucas https://www.cssn.org/ Araldi is a PhD student in Political Science at the Federal University of Rio Grande do Sul, Jeremy Walker is a researcher with the Climate Justice Research Centre at the University of Technology Sydney. Robert Brulle, Visiting Professor of Climate Social Science Network Environment and Society and Director of Research, Climate Social Science Network, Brown University.
    [Show full text]
  • Department of Economics, City University London
    City Research Online City, University of London Institutional Repository Citation: Denis, A. (2010). A century of methodological individualism part 2: Mises and Hayek (10/03). London, UK: Department of Economics, City University London. This is the unspecified version of the paper. This version of the publication may differ from the final published version. Permanent repository link: https://openaccess.city.ac.uk/id/eprint/1489/ Link to published version: 10/03 Copyright: City Research Online aims to make research outputs of City, University of London available to a wider audience. Copyright and Moral Rights remain with the author(s) and/or copyright holders. URLs from City Research Online may be freely distributed and linked to. Reuse: Copies of full items can be used for personal research or study, educational, or not-for-profit purposes without prior permission or charge. Provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. City Research Online: http://openaccess.city.ac.uk/ [email protected] Department of Economics A Century of Methodological Individualism Part 2: Mises and Hayek Andy Denis1 City University London Department of Economics Discussion Paper Series No. 10/03 1 Department of Economics, City University London, Social Sciences Bldg, Northampton Square, London EC1V 0HB, UK. Email: [email protected]. T: +44 (0)20 7040 0257 A Century of Methodological Individualism Part 2: Mises and Hayek Andy Denis City University London [email protected] Version 1: January 2010 2009 marks the centenary of methodological individualism (MI).
    [Show full text]
  • Peter J. Boettke
    PETER J. BOETTKE BB&T Professor for the Study of Capitalism, Mercatus Center at George Mason University, & University Professor of Economics and Philosophy Department of Economics, MSN 3G4 George Mason University Fairfax, VA 22030 Tel: 703-993-1149 Fax: 703-993-1133 Web: http://www.peter-boettke.com http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=182652 http://www.coordinationproblem.org PERSONAL Date of birth: January 3, 1960 Nationality: United States EDUCATION Ph.D. in Economics, George Mason University, January, 1989 M.A. in Economics, George Mason University, January, 1987 B.A. in Economics, Grove City College, May, 1983 TITLE OF DOCTORAL THESIS: The Political Economy of Soviet Socialism, 1918-1928 PROFESSIONAL EXPERIENCE Academic Positions 1987 –88 Visiting Assistant Professor, Department of Economics, George Mason University 1988 –90 Assistant Professor, Department of Economics, School of Business Administration, Oakland University, Rochester, MI 48309 1990 –97 Assistant Professor, Department of Economics, New York University, New York, NY 10003 1997 –98 Associate Professor, Department of Economics and Finance, School of Business, Manhattan College, Riverdale, NY 10471 1998 – 2003 Associate Professor, Department of Economics, George Mason University, Fairfax, VA 22030 (tenured Fall 2000) 2003 –07 Professor, Department of Economics, George Mason University, Fairfax, VA 22030 2007 – University Professor, George Mason University 2011 – Affiliate Faculty, Department of Philosophy, George Mason University FIELDS OF INTEREST
    [Show full text]
  • A Response to the Libertarian Critics of Open-Borders Libertarianism
    LINCOLN MEMORIAL UNIVERSITY LAW REVIEW __________________________________ VOLUME 4 FALL 2016 ISSUE 1 ____________________________________ A RESPONSE TO THE LIBERTARIAN CRITICS OF OPEN-BORDERS LIBERTARIANISM Walter E. Block, Ph.D. Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics Joseph A. Butt, S.J. College of Business I. INTRODUCTION Libertarians may be unique in many regards, but their views on immigration do not qualify. They are as divided as is the rest of the population on this issue. Some favor open borders, and others oppose such a legal milieu. The present paper may be placed in the former category. It will outline both sides of this debate in sections II and III. Section IV is devoted to some additional arrows in the quiver of the closed border libertarians, and to a refutation of them. We conclude in section V. A RESPONSE TO THE LIBERTARIAN CRITICS OF OPEN-BORDERS LIBERTARIANISM 143 II. ANTI OPEN BORDERS The libertarian opposition to free immigration is straightforward and even elegant.1 It notes, first, a curious bifurcation in international economic relations. In the case of both trade and investment, there must necessarily be two2 parties who agree to the commercial interaction. In the former case, there must be an importer and an exporter; both are necessary. Without the consent of both parties, the transaction cannot take place. A similar situation arises concerning foreign investment. The entrepreneur who wishes to set up shop abroad must obtain the willing acquiescence of the domestic partner for the purchase of land and raw materials. And the same occurs with financial transactions that take place across 1 Peter Brimelow, ALIEN NATION: COMMON SENSE ABOUT AMERICA’S IMMIGRATION DISASTER (1995); Jesús Huerta De Soto, A Libertarian Theory of Free Immigration, 13 J.
    [Show full text]
  • Liberty, Property and Rationality
    Liberty, Property and Rationality Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Master’s Thesis Hannu Hästbacka 13.11.2018 University of Helsinki Faculty of Arts General History Tiedekunta/Osasto – Fakultet/Sektion – Faculty Laitos – Institution – Department Humanistinen tiedekunta Filosofian, historian, kulttuurin ja taiteiden tutkimuksen laitos Tekijä – Författare – Author Hannu Hästbacka Työn nimi – Arbetets titel – Title Liberty, Property and Rationality. Concept of Freedom in Murray Rothbard’s Anarcho-capitalism Oppiaine – Läroämne – Subject Yleinen historia Työn laji – Arbetets art – Level Aika – Datum – Month and Sivumäärä– Sidoantal – Number of pages Pro gradu -tutkielma year 100 13.11.2018 Tiivistelmä – Referat – Abstract Murray Rothbard (1926–1995) on yksi keskeisimmistä modernin libertarismin taustalla olevista ajattelijoista. Rothbard pitää yksilöllistä vapautta keskeisimpänä periaatteenaan, ja yhdistää filosofiassaan klassisen liberalismin perinnettä itävaltalaiseen taloustieteeseen, teleologiseen luonnonoikeusajatteluun sekä individualistiseen anarkismiin. Hänen tavoitteenaan on kehittää puhtaaseen järkeen pohjautuva oikeusoppi, jonka pohjalta voidaan perustaa vapaiden markkinoiden ihanneyhteiskunta. Valtiota ei täten Rothbardin ihanneyhteiskunnassa ole, vaan vastuu yksilöllisten luonnonoikeuksien toteutumisesta on kokonaan yksilöllä itsellään. Tutkin työssäni vapauden käsitettä Rothbardin anarko-kapitalistisessa filosofiassa. Selvitän ja analysoin Rothbardin ajattelun keskeisimpiä elementtejä niiden filosofisissa,
    [Show full text]
  • Exchange, Production, and Samaritan Dilemmas
    Munich Personal RePEc Archive Exchange, production, and Samaritan dilemmas Boettke, Peter George Mason University 2010 Online at https://mpra.ub.uni-muenchen.de/33199/ MPRA Paper No. 33199, posted 06 Sep 2011 15:13 UTC Exchange, Production, and Samaritan Dilemmas ∗ + Peter Boettke and Adam Martin Libertarians are surprisingly comfortable with basic income policy and related proposals. The classic statement, of course, is Milton Friedman’s ‘negative income tax’ proposal from Capitalism and Freedom (1962). Though the demand for a “basic income policy” is different in the sense that it is usually associated with an unconditional guarantee to an income to each citizen in the absence of a means test and any work requirement, the negative income tax proposal was designed to be administratively cost cutting with respect to welfare policies while operationalizing the intent of a basic income policy to provide citizens with the financial floor required for human dignity. Charles Murray (2006, 2008) has defended it as a potential compromise between libertarians and liberals as a measure replacing the welfare state. Hayek (1944, 1960), while lambasting proposals to engineer the overall pattern of income distribution, defends the idea of a minimum income floor, one of the primary aims of basic income advocates. And libertarian economists have long recognized that, given the existence of redistribution, simple cash transfers are preferable to the bureaucratic machinery necessary for rationing specific goods. We take issue with this conciliatory attitude. Though it is beyond the scope of this short essay to present anything like a comprehensive appraisal of basic income policy ∗ University Professor of Economics at George Mason University, and BB&T Professor for the Study of Capitalism at Mercatus Center.
    [Show full text]
  • Lex Mercatoria
    Generalizing the Law Merchant Story Bruce L. Benson° ex Mercatoria, or the “Law Merchant,” provides classical liberals and libertarians with an important example of effective law without coer- cive state authority. Within the legal and classical liberal literaturse, Lex Mercatoria usually refers to the privately produced, privately ad- Ljudicated and privately enforced body of customary law that governed virtu- ally every aspect of commercial transactions in Europe and the Middle East by the end of the eleventh century. Many writers suggest that this system of law was largely displaced in Europe by the end of the seventeenth century, but beginning in the mid-1950s, Lex Mercatoria also began to be applied to certain aspects of modern international commercial law (De Ly 1992: 1). The argu- ment presented below, however, is that the historical Law-Merchant story has considerable more relevance today than its implications for international commercial activity.. The fact is that a law merchant arises any time that a commercial system begins to evolve, so many of the events underlying the emergence of commerce after the “dark ages” of medieval Europe are being replayed as Eastern Europe emerges from the dark ages of communist rule. The same is true in parts of Asia as a commercial sector attempts to emerge in the face of ongoing totalitarian political control, and in various parts of Latin American where economies are attempting to escape the effects of long periods of political turmoil and totalitarian governments. Furthermore, the emergence of a law merchant is likely to be necessary for the successful evolu- tion of a commercial society into a strong and healthy market economy.
    [Show full text]
  • Left, Right, and the Prospects for Liberty
    LEFT & RIGHT: THE PROSPECTS FOR LIBERTY LEFT & RIGHT: THE PROSPECTS FOR LIBERTY MURRAY N. ROTHBARD © 2010 by the Ludwig von Mises Institute and published under the Creative Commons Attribution License 3.0. http://creativecommons.org/licenses/by/3.0/ Ludwig von Mises Institute 518 West Magnolia Avenue Auburn, Alabama 36832 mises.org ISBN: 978-1-933550-78-7 Left and Right: The Prospects for Liberty THE CONSERVATIVE HAS LONG BEEN MARKED, whether he knows it or not, by long-run pessi- mism: by the belief that the long-run trend, and therefore Time itself, is against him, and hence the inevitable trend runs toward left-wing stat- ism at home and Communism abroad. It is this long-run despair that accounts for the Conser- vative’s rather bizarre short-run optimism; for since the long run is given up as hopeless, the Conservative feels that his only hope of success rests in the current moment. In foreign affairs, this point of view leads the Conservative to call for desperate showdowns with Communism, for he feels that the longer he waits the worse things will ineluctably become; at home, it leads him to total concentration on the very next election, where he is always hoping for victory and never Originally appeared in Left and Right (Spring 1965): 4–22. 5 6 Left and Right: The Prospects for Liberty achieving it. The quintessence of the Practical Man, and beset by long-run despair, the Con- servative refuses to think or plan beyond the election of the day. Pessimism, however, both short-run and long-run, is precisely what the prognosis of Conservatism deserves; for Conservatism is a dying remnant of the ancien régime of the prein- dustrial era, and, as such, it has no future.
    [Show full text]
  • Anarchism and Austrian Economics
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Munich Personal RePEc Archive MPRA Munich Personal RePEc Archive Anarchism and Austrian economics Peter Boettke George Mason University 2011 Online at https://mpra.ub.uni-muenchen.de/33069/ MPRA Paper No. 33069, posted 30. August 2011 16:16 UTC Anarchism and Austrian Economics Peter Boettke I. Introduction It is a great honor for me to give the Cuhel Memorial Lecture at the Prague Conference on Political Economy for 2011. Franz Cuhel rightly holds an honored place in the development of the pure theory of the Austrian school of economics.1 Ludwig von Mises credits Cuhel (1907) with providing the first presentation of a strict ordinal marginal utility analysis. The confusion in choice theory that eventually lead to the purging of the human element in the economic analysis of decision making would have been avoided had Cuhel’s ordinal presentation of marginal utility analysis been more widely accepted. Instead, it was for Mises (1949) and later Rothbard (1962b) to develop that presentation and offer it as an alternative to the neoclassical theory of microeconomics that developed after John Hicks’ (1939) Value and Capital. The implications, I would argue, are far greater than the technical issues of ordinal versus cardinal utility and the subsequent debate among ordinal utility theorists of marginal utility analysis and demonstrated preference versus marginal rates of substitution and indifference curve analysis, etc. The implications of the debate in choice theory go to core of how we view the individual that we study in economics.2 The University Professor of Economics at George Mason University, and BB&T Professor for the Study of Capitalism at the Mercatus Center.
    [Show full text]
  • Beyond Individualism and Spontaneity: Comments on Peter Boettke and Christopher Coyneଝ Michael D
    Journal of Economic Behavior & Organization Vol. 57 (2005) 167–172 Beyond individualism and spontaneity: Comments on Peter Boettke and Christopher Coyneଝ Michael D. McGinnis ∗ Department of Political Science, Woodburn Hall 210, 1100 E. 7th Street, Indiana University, Bloomington, IN 47405-6001, USA Received 30 January 2004; received in revised form 1 May 2004; accepted 7 June 2004 Available online 26 February 2005 Abstract This paper builds on the work of Boettke and Coyne that locates the research of Elinor and Vincent Ostrom and their Workshop colleagues within a broad intellectual tradition of long duration. It is argued that the Ostroms and the rest of the Workshop have made rather substantial departures beyond these intellectual forebears than may be evident from Boettke and Coyne’s overview. Specific focus is placed on two of the major points that they discuss: methodological individualism and spontaneous order. © 2005 Elsevier B.V. All rights reserved. JEL classification: B4 Keywords: Elinor Ostrom; Vincent Ostrom; Methodological individualism; Spontaneous order I want to thank Peter Boettke and Christopher Coyne for writing this excellent back- ground paper locating the research of Elinor and Vincent Ostrom and their Workshop colleagues within a broad intellectual tradition of long duration. I have been associated with the Workshop for a little over ten years now, and it is reassuring to realize that I am ଝ Prepared for presentation at the Academic Conference in Honor of the Work of Elinor and Vincent Ostrom, George Mason University Law School, November 7, 2003. ∗ Tel.: +1 812 855 8784/0441; fax: +1 812 855 2027. E-mail address: [email protected].
    [Show full text]