Revised Final Schedule

• All events held at the , 518 West Magnolia Avenue. • Send papers and slides (before March 21) to [email protected] for presentations and posting. • Go to mises.org/AERC19 to view papers, slides, and schedule updates, and access email addresses of presenters and other attendees. • WIFI access code inside Mises Institute: Network name: Mises2019 | Password: Rothbard2019 • Lunches and complimentary refreshments during breaks are in Hogan Graduation Area (covered outdoor area). • Please silence all mobile devices during sessions. • Session chairs have reserved seating at the front of the room. • Registration receipts are at the registration table. • Named lectures and selected panels will be live broadcast on mises.org/live.

Wolfe Lecture Hall: second fl oor Condon Lecture Hall: fi rst fl oor Schlarbaum Seminar Room: second fl oor, research wing Archives: third fl oor

THURSDAY MARCH 21 (Central Time Zone)

5:30 – 7:30 p.m. Welcome reception, Terrace Room, Auburn University Hotel, 241 S. College Street

FRIDAY MARCH 22 (Mises Institute, 518 West Magnolia Avenue)

8:15 – 8:45 a.m. Shuttle from AU Hotel to Mises every 15 minutes

8:30 a.m. Bookstore opens, Coffee, Registration begins and continues throughout the day

9:00 a.m. Welcoming remarks, JEFF DEIST and JOSEPH SALERNO (WOLFE LECTURE HALL)

9:15 – 10:15 a.m. THE F.A. HAYEK MEMORIAL LECTURE (SPONSORED BY GREG AND JOY MORIN) RANDALL HOLCOMBE (FLORIDA STATE UNIVERSITY) Political Capitalism: How Economic and Political Power is Made and Maintained (WOLFE LECTURE HALL / LIVE VIDEO)

10:30 a.m. – Noon S1: History of Economic Thought (ARCHIVES) • Chair: (MISES INSTITUTE AND AUBURN UNIVERSITY) • and the Currency Commission of 1892 on the Gold Standard in Austrian Hungary. ANDREAS KRAMER (DUKE UNIVERSITY CENTER FOR THE HISTORY OF POLITICAL ECONOMY) • Bibliothek. KENJI KATSURAGI (TOYAMA UNIVERSITY) • Richard Cantillon and Entrepreneurship Theory. MARK THORNTON (MISES INSTITUTE AND AUBURN UNIVERSITY)

S2: Entrepreneurship (CONDON LECTURE HALL) • Chair: PER BYLUND (OKLAHOMA STATE UNIVERSITY) • What is Entrepreneurial Judgment, Anyway? MARK PACKARD (UNIVERSITY OF NEVADA, RENO) and PER BYLUND (OKLAHOMA STATE UNIVERSITY) • Entrepreneurs and Dynamic Capabilities: From Judgment and Uncertainty, to Change and Innovation (or Failure) FERNANDO D’ANDREA (UNIVERSIDADE FEDERAL DO RIO GRANDE DO SUL) • The Phantom Opportunity: Bridging the Gap between Perception and Recognition. MICHAEL CASTON, LEE GRUMBLES, NICOLE FLINK, CLINT PURTELL (OKLAHOMA STATE UNIVERSITY) • Entrepreneurship, Uncertainty, and Judgment: A Model for Understanding the Uncertainty Borne by Entrepreneurs. PER BYLUND (OKLAHOMA STATE UNIVERSITY) S3: Government Intervention I (SCHLARBAUM SEMINAR ROOM) • Chair: WILLIAM ANDERSON (FROSTBURG STATE UNIVERSITY) • How Does Government Preferential Subsidies Distort Economic Structure in China. YING TANG (SHENZHEN UNIVERSITY) • Extinction for the Laotian Elephant: An Austrian Critique of State Conservation. JUSTIN AUSTIN (FERRIS STATE UNIVERSITY) • The Collegiate Athletic “Arms Race”: Irrational Behavior or a Rational Response to NCAA Regulations? WILLIAM ANDERSON (FROSTBURG STATE UNIVERSITY)

S4: Remembering the Interwar Right (WOLFE LECTURE HALL) • Chair: PAUL GOTTFRIED (ELIZABETHTOWN COLLEGE) • DAVID GORDON (MISES INSTITUTE) • BRION MCCLANAHAN (ABBEVILLE INSTITUTE) • PAUL GOTTFRIED (ELIZABETHTOWN COLLEGE)

Noon – 1:00 p.m. Lunch at the Mises Institute

1:15 p.m. Awarding of the Lawrence W. Fertig Prize in Austrian and the O.P. Alford III Prize in Political Economy (WOLFE LECTURE HALL / LIVE VIDEO)

1:30 – 2:30 p.m. THE MEMORIAL LECTURE (SPONSORED BY HUNTER LEWIS) ROBERT LUDDY (CAPTIVEAIRE) Henry Hazlitt’s Long-Term Economic Thinking: Foundation of Entrepreneurial Excellence (WOLFE LECTURE HALL / LIVE VIDEO)

2:45 – 4:15 p.m. S5: Panel: 100th Anniversary of Nation, State, and Economy (WOLFE LECTURE HALL) • Chair: JÖRG GUIDO HÜLSMANN (UNIVERSITY OF ANGERS) • THOMAS DILORENZO (LOYOLA UNIVERSITY MARYLAND) • JOSEPH SALERNO (MISES INSTITUTE, AUBURN UNIVERSITY, AND PACE UNIVERSITY) • NIKOLAY GERTCHEV (ICHEC BRUSSELS MANAGEMENT SCHOOL) • JÖRG GUIDO HÜLSMANN (UNIVERSITY OF ANGERS)

S6: Finance and Accounting (CONDON LECTURE HALL) • Chair: PAUL CWIK (UNIVERSITY OF MOUNT OLIVE) • Cash Flows, Cost of Capital, and the Entrepreneurial Investment Decision. SERGIO ALBERICH (BOSTON, MASSACHUSETTS) • Austrian Economics and German Business Economics on Capital Accounting. DAVID RAPP and MICHAEL OLBRICH (IWP INSTITUT FÜR WIRTSCHAFTSPRÜFUNG, SAARLAND UNIVERSITY) • Financial Asset Valuations: The Total Demand Approach. VYTAUTAS ZUKAUSKAS (UNIVERSITY OF ANGERS)

S7: Methodology (SCHLARBAUM SEMINAR ROOM) • Chair: JEFFREY HERBENER (GROVE CITY COLLEGE) • What is the Status of Economic Value? JUSTIN CLARKE (OTTAWA UNIVERSITY) • Through the Lens of Realist Phenomenology. MARK PACKARD (UNIVERSITY OF NEVADA, RENO) • Economic Impact Studies: What They Don’t Measure, What They Can’t Measure, and What They Are Measuring. ROY CORDATO (JOHN LOCKE FOUNDATION)

S8: Austrian Economics at Loyola University New Orleans (ARCHIVES) • Chair: (LOYOLA UNIVERSITY NEW ORLEANS) • A Kirznerian Entrepreneurial-Discovery, Profit-Management Theory of the Firm — The Opposite of Bureaucracy. STUART WOOD (LOYOLA UNIVERSITY NEW ORLEANS) • Not Even Wrong: Mainstream Mathematical Economics. WILLIAM BARNETT (LOYOLA UNIVERSITY NEW ORLEANS) • Critical Comment on Block-Hoppe Debate on Indifference. QJAE 2017. WALTER BLOCK (LOYOLA UNIVERSITY NEW ORLEANS)

4:30 – 5:30 p.m. THE MEMORIAL LECTURE (SPONSORED BY YOUSIF ALMOAYYED) MICHAEL RECTENWALD (NEW YORK UNIVERSITY, RETIRED) (s) versus Postmodernism and ‘Social Justice’ Ideology (WOLFE LECTURE HALL / LIVE VIDEO

2 5:30 p.m. Adjourn; Dinner on your own 5:30 p.m. Scholarship students meet at the first floor Ward Library fireplace for a group photo. 5:30 and 6:00 p.m. Shuttles depart from front of Mises going to AU Hotel 6:00 p.m. Mises Institute closes

SATURDAY MARCH 23

8:15 – 8:45 a.m. Shuttle from AU Hotel to Mises every 15 minutes

8:30 a.m. Bookstore opens, Coffee

9:00 – 10:00 a.m. THE LOU CHURCH MEMORIAL LECTURE (SPONSORED BY THE LOU CHURCH FOUNDATION) DANIEL AJAMIAN (SAN DIEGO, CALIFORNIA) The Cost of Enlightenment (WOLFE LECTURE HALL / LIVE VIDEO)

10:15 – 11:45 a.m. S9: Economic Theory (WOLFE LECTURE HALL) • Chair: MARK BRANDLY (FERRIS STATE UNIVERSITY) • Keynes and Say’s Law – A Reconsideration. DANIEL JEPSON (WATERTOWN, MASSACHUSETTS) • Brazilian States’ Economic Freedom Index: Applying Fraser’s Methodology for 2003–2016 Data. VLADIMIR FERNANDES MACIEL and ULISSES RUIS MONTEIRO DE GAMBOA (MACKENZIE PRESBYTERIAN UNIVERSITY AND CENTER FOR ECONOMIC REFORM, SAO PAULO) • What Fetter Can Teach Contemporary Economists about the Meaning of Price, Market, and Equilibrium. JOSEPH SALERNO (MISES INSTITUTE, AUBURN UNIVERSITY, PACE UNIVERSITY) • Is There a Case for Tariffs in a World of Capital Mobility? MARK BRANDLY (FERRIS STATE UNIVERSITY)

S10: Technology, Bitcoin, and the Blockchain (CONDON LECTURE HALL) • Chair: PETER KLEIN (BAYLOR UNIVERSITY) • Economics of Intelligent Automation. JUAN SÁENZ-DIEZ (ESTONIAN BUSINESS SCHOOL) • Technology, Transaction Costs and Civil Society. MALAVIKA NAIR (TROY UNIVERSITY) and GORDON MILLER (BAYLOR UNIVERSITY) • Bitcoin or 2000 Others? Who Will Succeed? An Institutional Approach to Cryptocurrency with a Focus on Austrian Economics. DUYGU PHILLIPS (OKLAHOMA STATE UNIVERSITY) • Blockchain Investment: Can It Really Work? An Exploratory Investigation. GORDON MILLER (BAYLOR UNIVERSITY)

S11: Economic Development and Inequality (ARCHIVES) • Chair: SHAWN RITENOUR (GROVE CITY COLLEGE) • Family Formation, Fertility, and Failure: A Literature Review on Price Increases and their Impact on the Family Institution. JEFFERY DEGNER (CORNERSTONE UNIVERSITY) • Human Action and the Economic Order: Causal-Realism as the Framework for the Economics of Prosperity. SHAWN RITENOUR (GROVE CITY COLLEGE) • Are the Rich Getting Richer? What 36 Years of the Forbes 400 List Illustrates About Economic Inequality in the . ALEX CARTWRIGHT (FERRIS STATE UNIVERSITY) • Evaluating Intervention – Crisis – Disintervention Cycles in Brazil, 1989-2019: An Exploratory Proposal. MARIANA PIAIA ABREU, PAULO ROGERIO SCARANO, VLADIMIR FERNANDES MACIEL, ROBERTA MURAMATSU, AND LUCAS FREIRE (MACKENZIE PRESBYTERIAN UNIVERSITY AND CENTER FOR ECONOMIC FREEDOM, SAO PAULO)

S12: Authors Forum (SCHLARBAUM SEMINAR ROOM) • Chair: MARK THORNTON (MISES INSTITUTE AND AUBURN UNIVERSITY) • Introduction to Conceived in Liberty: Volume 5. PATRICK NEWMAN (FLORIDA SOUTHERN COLLEGE) (SESSION 12 CONTINUED)

3 • The Bitcoin Standard: The Decentralized Alternative to Central Banking. SAIFEDEAN AMMOUS (LEBANESE AMERICAN UNIVERSITY) • Free Trade or Protectionism? and The Free Society. LAURENCE VANCE (FRANCIS WAYLAND INSTITUTE) • Skyscraper Curse. MARK THORNTON (MISES INSTITUTE AND AUBURN UNIVERSITY) • Rothbard A-Z. EDWARD FULLER (PASADENA, CALIFORNIA) and DAVID GORDON (MISES INSTITUTE)

11:45 a.m. – 12:45 p.m. Lunch at the Mises Institute

1:00 – 2:30 p.m. S13: Libertarian Political Theory (CONDON LECTURE HALL) • Chair: DAVID GORDON (MISES INSTITUTE) • Confederate Case Law: What Every Informed Libertarian Should Know. MARSHALL DEROSA (FLORIDA ATLANTIC UNIVERSITY) • Should Libertarians Reject the Title Transfer Theory of Contracts? TATE FEGLEY () and LUKASZ DOMINIAK (NICOLAUS COPERNICUS UNIVERSITY) • The Legacy of Henry Louis Mencken and Rose Wilder Lane. Democracy and Representative Government. ROBERTA MODUGNO (ROMA TRE UNIVERSITY) • From Intuitions to Anarchism? DAVID GORDON (MISES INSTITUTE)

S14: Socialism (WOLFE LECTURE HALL) • Chair: TIMOTHY TERRELL (WOFFORD COLLEGE) • Desocialization of Enterprises: Empowering Venezuelans. RAFAEL ACEVEDO (TEXAS TECH UNIVERSITY) • Contributions of the Economists in Exposing the True Nature of Socialism. YURI MALTSEV (CARTHAGE COLLEGE) • Was Keynes a Socialist? EDWARD FULLER (PALO ALTO, CALIFORNIA)

S15: Government Intervention II (SCHLARBAUM SEMINAR ROOM) • Chair: GP MANISH (TROY UNIVERSITY) • Capital Heterogeneity, Government Interventions and Redistribution: Implications for Growth and Inequality. GP MANISH (TROY UNIVERSITY) • The Economic Rationality of Brazilian Systemic Corruption: Why “Operation Car Wash” Makes a Case Study for Austrian Public Choice Economics. PAULO SCARANO and ROBERTA MURAMATSU (MACKENZIE PRESBYTERIAN UNIVERSITY AND CENTER FOR ECONOMIC FREEDOM, SAO PAULO) • Higher Education Evolution. MITCHELL LANGBERT (BROOKLYN COLLEGE)

S16: Grant Aldrich Graduate Student Panel and Awarding of the Aldrich Prize for Best Graduate Student Paper (ARCHIVES) • Chair: DALE STEINREICH (DRURY UNIVERSITY) • Towards a Systematic Method for the Study of Thymology. CHRISTIAN ROBITAILLE (UNIVERSITY OF OTTAWA) • Up In Smoke: Reassessing Colonial Virginia’s Tobacco Dependency. CHRISTOPHER CALTON (UNIVERSITY OF FLORIDA) • Reinterpreting the Historical Episode of the Bank of Amsterdam. NICHOLAS COOPER (GEORGE MASON UNIVERSITY) • Are Fluctuations Natural or Policy Induced? BERNARDO FERRERO (UNIVERSIDAD REY JUAN CARLOS)

2:45 – 3:45 p.m. THE MURRAY N. ROTHBARD MEMORIAL LECTURE (SPONSORED BY DON PRINTZ) DAVID DÜRR (UNIVERSITY OF ZURICH) The Inescapability of Law: and of Mises, Rothbard, and Hoppe (WOLFE LECTURE HALL / LIVE VIDEO)

4:00 – 5:30 p.m. Panel: The Significance of Hans-Hermann Hoppe (SPONSORED BY STEVE AND CASSANDRA TORELLO) (WOLFE LECTURE HALL) • Chair: JOSEPH SALERNO (MISES INSTITUTE, AUBURN UNIVERSITY, PACE UNIVERSITY) • Hoppe and German Philosophy. DAVID GORDON (MISES INSTITUTE) • Hoppe as Textbook Writer. MARK THORNTON (MISES INSTITUTE AND AUBURN UNIVERSITY) (PANEL CONTINUED)

4 • Hoppe on Property Rights. N. STEPHAN KINSELLA (KINSELLA LAW GROUP, PROPERTY AND FREEDOM SOCIETY) • Hoppean Political Economy vs. Public Choice. THOMAS DILORENZO (LOYOLA UNIVERSITY MARYLAND) • Hoppe as Mentor. JÖRG GUIDO HÜLSMANN (UNIVERSITY OF ANGERS) • Hoppe and the Art of Economic Controversy. JOSEPH SALERNO (MISES INSTITUTE, AUBURN UNIVERSITY, PACE UNIVERSITY) • Response. HANS-HERMANN HOPPE (PROPERTY AND FREEDOM SOCIETY, MISES INSTITUTE)

5:30 p.m. Individual photos with Hans-Hermann Hoppe (WOLFE LECTURE HALL)

5:30 – 6:30 p.m. Reception honoring Hans-Hermann Hoppe on the occasion of his 70th birthday. (SPONSORED BY YOUSIF ALMOAYYED, JEFF BARR, JOHN BARTEL, DEANNA FORBUSH FRENCH AND DOUG FRENCH, HUNTER AND JULIE HASTINGS, LEE IGLODY, N. STEPHAN KINSELLA, DON PRINTZ, STEVE AND CASSANDRA TORELLO. (CONDON LECTURE HALL AND WARD CONSERVATORY, FIRST FLOOR)

6:00 and 6:30 p.m. Shuttles depart from front of Mises to AU Hotel every 15 minutes

6:30 p.m. Mises Institute closes

Thanks to generous donors, there are free books on shelves near Diehl Bookstore, and used books for sale near the fi rst fl oor elevator.

AERC attendees are invited to join the Mises Institute (USA) Alumni Facebook group to keep in touch with other attendees and learn of future events. mises.org/AlumniFB. Share your Mises experience on social media! #AERC

Photos of this event can be downloaded at mises.org/AERC2019.

Join a Mises email list (mises.org/subscribe) and be the fi rst to know about events, new books, and more!

Auburn University Library, located at 231 Mell Street, across from Auburn University Hotel, is open to Mises Institute students for in-house research:

Thursday 24 hours Friday until 6:00 p.m. Saturday 9:00 a.m. - 6:00 p.m. Sunday opens 1:00 p.m. Follow @Mises for our daily content on Twitter and share your #AERC experience.

Stay up to date on our academic publications and programs by following @MisesScholars.

MISES WIRE QUARTERLY JOURNAL OF AUSTRIAN ECONOMICS Please consider adapting your paper into a column for mises.org and the Mises Please consider submitting your paper to the Wire. Quarterly Journal of Austrian Economics. Email editor Ryan McMaken Submission information can be found at [email protected]. at mises.org/library/qjae-submission- guidelines

5 Directions from Auburn University Hotel to Mises Institute

• From front of hotel, turn right onto College St. and left at second light onto Magnolia Ave. • Go one-half mile, past McDonald’s, Chick-fi l-A, and Chipotle. • Turn right at the traffi c light at the intersection of Magnolia and Donahue Drive. • Turn left onto Genelda Avenue (one-way street with no traffi c light, just past GameDay Center). Follow Genelda until it turns left and becomes Ann Street. • Go past Rothbard Village Apartments and the Mises Institute parking lot is on the left.

Uber Service is available in Auburn.

Libertarian Scholars Conference September 28, 2019 | New York City Call for Papers (see mises.org/events)

Save the Date SEND US YOUR BEST STUDENTS! 2020 Austrian Economics Research Conference MISES UNIVERSITY Mises Institute JULY 14 – 20 March 20-21 For details, see mises.org/events Mises Bookstore Leave books to be autographed at the checkout counter of the bookstore. Pick up autographed books at the bookstore counter. Please consider using the Mises Bookstore for your textbook needs. Volume and educational discounts are available for classroom use. Contact Brandon Hill | ([email protected]) for details.

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518 W. Magnolia Avenue, Auburn, Alabama 36832-4501 M ISESI NSTITUTE 334.321.2100 | Fax 334.321.2119 | [email protected] | mises.org

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