PUBLICATIONS IN NINE CATEGORIES: 

RECENT ARTICLES

AUTOBIOGRAPHY AND INTERVIEWS
CAPITAL-BASED MACROECONOMICS: VARIATIONS ON A THEME
THE AUSTRIAN THEORY OF THE BUSINESS CYCLE
CAPITAL AND INTEREST
DRAMATIS PERSONAE
PERSPECTIVES ON MODERN MACROECONOMICS
MONETARY INSTITUTIONS
FISCAL THEORY AND POLICY
METHODOLOGY AND MARKET PROCESS


RECENT ARTICLES




“Leveraging Alchemy: The Federal Reserve and Modern Finance,”
(Review Article on Kevin Dowd and Martin Hutchinson, Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System),
The Independent Review, vol. 18, no. 3 (Winter), 2012, pp. 435-51.

“Natural Rates of Interest and Sustainable Growth,”
Cato Journal, vol. 32, no. 2 (Spring), 2012, pp. 423-37
.

AUTOBIOGRAPHY AND INTERVIEWS

A Roundabout Approach to Macroeconomics: Some Autobiographical Reflections,” American Economist, vol. 48, no. 2 (Fall) 2004, pp. 26-40. Also in Michael Szenberg and Lall Ramrattan, eds., Reflections of Eminent Economists, Brookfield, VT: Elgar, 2004, pp. 190-212.

             "Response to Professor Brazelton," American Economist, vol. 50, no. 1 (Spring), 2006, pp. 89-90.

"Ten Questions for Professor Roger W. Garrison," an interview conducted at the London School of Economics by Massimiliano Neri, May 2003.

"An Austrian Macroeconomist: An Interview with Roger W. Garrison," Austrian Economics Newsletter, Winter 2000 (on the occasion of the publication of Time and Money.) 

"Interview," in Brian Snowdon, Howard Vane, and Peter Wynarczyk, A Modern Guide to Macroeconomics: An Introduction to Competing Schools of Thought, Aldershot, England: Edward Elgar, 1994. pp. 383-97. (This "interview" is not a transcription of a face-to-face discussion. Rather it consists of written responses to questions formulated by Peter Wynarczyk.) 

CAPITAL-BASED MACROECONOMICS: VARIATIONS ON A THEME

"Austrian Economics," in William A. Darity, Jr., ed., International Encyclopedia of the Social Sciences, 2nd ed., Detroit: Macmillan 2008, vol 1. pp. 210-212.

The Austrian School,” in Brian Snowdon and Howard R. Vane, Modern Macroeconomics: Its Origins, Development and Current State. Aldershot, England: Edward Elgar, 2005.

"The Lachmann Legacy: An Agenda for Macroeconomics," South African Journal of Economics, vol. 65, no. 4 (December), 1997, pp. 459-481. 

"Hayekian Triangles and Beyond," in Jack Birner and Rudy van Zijp, eds., Hayek, Coordination and Evolution: His Legacy in Philosophy, Politics, Economics, and the History of Ideas. London: Routledge, 1994, pp. 109-125. 

"The Limits of Macroeconomics," Cato Journal, vol. 12, no. 1 (Spring/Summer), 1992, pp. 165-178. 

"Austrian Capital Theory and the Future of Macroeconomics," in Richard M. Ebeling, ed. Austrian Economics: Perspectives on the Past and Prospects for the Future. Hillsdale, MI: Hillsdale College Press, 1991, pp. 303-324. 

"Time and Money: The Universals of Macroeconomic Theorizing," Journal of Macroeconomics, vol. 6, no. 2 (Spring), 1984, pp. 197-213. 

"Austrian Macroeconomics: A Diagrammatic Exposition," in Louis M. Spadaro, ed., Austrian Economics: New Directions and Unresolved Questions, Kansas City: Sheed, Andrews and McMeel, Inc., 1978, pp. 167-204.

THE AUSTRIAN THEORY OF THE BUSINESS CYCLE

Leveraging Alchemy: The Federal Reserve and Modern Finance,” (Review Article on Kevin Dowd and Martin Hutchinson, Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System), The Independent Review, vol. 18, no. 3 (Winter), 2012, pp. 435-51.

Natural Rates of Interest and Sustainable Growth,” Cato Journal, vol. 32, no. 2 (Spring), 2012, pp. 423-37.

Interest-Rate Targeting during the Great Moderation: a Reappraisal,” Cato Journal, vol. 29, no. 1 (Winter), 2009, pp. 187-200.

Mainstream Macro in an Austrian Nutshell,” The Freeman, vol. 59, no. 5 (May), 2009, pp. 10-15.

"Ahiakpor on Mises and 'Forced Saving': A Rejoinder," History of Political Economy, vol. 40, no. 2 (Summer), 2008, pp. 397-405.

"The Natural Rate of Interest in Theory and Policy Formulation," Quarterly Journal of Austrian Economics, vol. 9, no. 4 (Fall), 2006, pp 57-68.

From Keynes to Hayek: The Marvel of Thriving Macroeconomies,” Review of Austrian Economics 2005 (forthcoming).

"Overconsumption and Forced Savings in the Mises-Hayek Theory of Business Cycle," History of Political Economy, vol. 36, no. 2 (Summer), 2004, pp. 323-349. (See Rejoinder to Ahiakpor).

F. A. Hayek as Mr. Fluctooations: In Defense of Hayek’s ‘Technical Economics,’” ama-gi--LSE Hayek Society Journal, vol. 5, no. 2 (Spring), 2003. 

"Ditch the Keynesians: Why Policy-Infected Interest Rates Must Go," Barron's, vol. 82, no. 35, September 2, 2002, p. 28.

"Boom and Bust Follow an Old Austrian Script," Barron's, vol. 82, no. 4, January 28, 2002, p. 35.

"A Classic Hayekian Hangover" (with Gene Callahan) Ideas on Liberty, vol. 52, no. 1 (January) 2002, pp. 28-30.

"Business CyclesAustrian Approach," in Howard Vane and Brian Snowdon, eds. An Encyclopedia of Macroeconomics, Aldershot: Edward Elgar, 2002.

"Ebenstein vs. Caldwell, Ebeling, and Klein," A response to Hayek-biographer Alan Ebenstein in connection with a seminar (November 2001) hosted by Greg Ransom's Hayek-L list.

"Is the Economy Cyclical?It Just Ain't So!" Ideas on Liberty, vol. 51, no. 9 (September) 2001, pp. 6-7.

"The Government is the Stabilizer?It Just Ain't So!" Ideas on Liberty, vol. 50, no. 1 (January) 2000, pp. 6-7.

"The Great Depression Revisited," Review Article: Thomas E. Hall and J. David Ferguson, The Great Depression: An International Disaster of Perverse Economic Policies. The Independent Review, vol. 3, no. 4 (Spring), 1999, pp. 595-603.

"Hayek Made No Contributions?" The Freeman, vol. 49, no. 5 (May), 1999, pp. 6-7.

"Austrian Theory of Business Cycles," in David Glasner, ed., Business Cycles and Depressions: An Encyclopedia. New York: Garland Publishing, Inc., 1997, pp. 23-27.

"The Austrian Theory in Perspective," Introduction to Ludwig von Mises et al., The Austrian Theory of the Business Cycle and Other Essays, compiled by Richard M. Ebeling with an Introduction and Summary by Roger W. Garrison. Auburn, AL: Ludwig von Mises Institute, 1996, pp. 7-24.

"The Roaring Twenties and the Bullish Eighties: The Role of Government in Boom and Bust," Critical Review, vol. 7, nos. 2-3, 1994, pp. 259-276. 

"The Austrian Theory of the Business Cycle in the Light of Modern Macroeconomics," Review of Austrian Economics, vol. 3, 1989, pp. 3-29. 

"The Hayekian Trade Cycle Theory: A Reappraisal," Cato Journal, vol. 6, no. 2 (Fall), 1986, pp. 437-453.

CAPITAL AND INTEREST

Reflections on Reswitching and Roundaboutness,” in Roger Koppl, ed., Money, Markets, and Method: Essays in Honor of Leland B. Yeager (title tentative). London: Routledge, 2005 (forthcoming).

"Capital, Interest, and Professor Kirzner,"Journal des Economistes et des Etudes Humaines. vol. 12, nos. 2/3 (June-September), 2002.

"The Intertemporal Adam Smith," Quarterly Journal of Austrian Economics, vol. 1, no. 1 (Spring), 1998, pp. 51-60.

"The Undiscountable Professor Kirzner," Review Article: Essays on Capital and Interest. The Freeman, vol. 47, no. 8 (August), 1997, pp. 511-13. 

"Austrian Capital Theory: the Early Controversies," History of Political Economy, supplement to vol. 22, 1990, pp. 133-154.  Published in hardcover as Bruce J. Caldwell, ed., Carl Menger and his Legacy in Economics. Durham, NC: Duke University Press, 1990. 

"Professor Rothbard and the Theory of Interest," in Walter Block and Llewellyn H. Rockwell, Jr. eds., Man, Economy, and Liberty: Essays in Honor of Murray N. Rothbard, Auburn, AL: The Ludwig von Mises Institute, 1988, pp. 44-55. 

"A Subjectivist View of a Capital-Using Economy," in Gerald P. O'Driscoll, Jr. and Mario J. Rizzo with Roger W. Garrison, The Economics of Time and Ignorance, Oxford: Basil Blackwell, Publishers, 1985, pp. 160-187. 

"Comment: Waiting in Vienna," in Mario J. Rizzo, ed., Time, Uncertainty, and Disequilibrium, Lexington, MA: D. C. Heath and Co., 1979, pp. 215-226. 

"In Defense of the Misesian Theory of Interest," Journal of Libertarian Studies, vol. 3, no. 2 (Summer), 1979, pp. 141-150. 
 

DRAMATIS PERSONAE

"Eugen von Bohm-Bawerk," in Randall Holcombe, ed., Fifteen Great Austrian Economists, Auburn, AL: Ludwig von Mises Institute, 1998, pp. 113-122.

"Gustav Cassel," in Thomas Cate, ed., Encyclopedia of Keynesian Economics, Aldershot, England: Edward Elgar, 1997, pp. 90-93.

"Ludwig Edler von Mises," in David Glasner, ed., Business Cycles and Depressions: An Encyclopedia. New York: Garland Publishing, Inc., 1997, pp. 440-42.

"Murray Rothbard," in Murray N. Rothbard: In Memorium. Auburn, AL: Ludwig von Mises Institute, 1995, pp. 13-18.

"Friedrich August von Hayek" (with Israel M. Kirzner), in John Eatwell, Murray Milgate, and Peter Newman, eds., The New Palgrave: A Dictionary of Economics, London: Macmillan Press Ltd., 1987, pp. 609-614. 
 

PERSPECTIVES ON MODERN MACROECONOMICS

Keynesianism:

"Keynes was a Keynesian," Review article: John B. Davis, ed., The State of Interpretation of Keynes. Review of Austrian Economics, vol. 9, no. 1, 1996, pp.165-171. 

"The Persistence of Keynesian Myths: A Report at Six Decades," in Richard M. Ebeling, ed., Economics Education: What Should We Learn About the Free Market? Hillsdale: Hillsdale College Press, 1995, pp. 109-136.

"Linking the Keynesian Cross and the Production Possibilities Frontier," Journal of Economic Education, vol. 26, no. 2 (Spring), 1995, pp. 122-130.

"High Interest, Low Demand, and Keynes: Rejoinder to Hill and Felix,"Critical Review, vol. 8, no. 3 (Summer) 1994, pp. 451-460. 

"The Trouble with Keynes," The Freeman, vol. 43, no. 10 (October), 1993, pp. 386-89.

"Keynesian Splenetics: from Social Philosophy to Macroeconomics." Review article: Allan H. Meltzer, Keynes's Monetary Theory: A Different Interpretation. Critical Review, vol. 6, no. 4, 1993, pp. 471-492. 

"Full Employment and Intertemporal Coordination: A Rejoinder," History of Political Economy, vol. 19, no. 2 (Summer), 1987, pp. 335-341.

"Intertemporal Coordination and the Invisible Hand: An Austrian Perspective on the Keynesian Vision," History of Political Economy, vol. 17, no. 2 (Summer), 1985, pp. 309-321. 
 

Monetarism:

"Hayek and Friedman: Head to Head," in The Elgar Companion to Hayekian Economics, Roger W. Garrison and Norman Barry, eds, Cheltenham, UK, 2013 (forthcoming).

"Friedman's 'Plucking Model': Comment," Economic Inquiry, vol. 34, no. 4 (October), 1996. 

"Is Milton Friedman a Keynesian?" in Mark Skousen, ed., Dissent on Keynes: A Critical Appraisal of Keynesian Economics, New York: Praeger Publishers, 1992, pp. 131-147.

"Phillips Curves and Hayekian Triangles: Two Perspectives on Monetary Dynamics" (with Don Bellante), History of Political Economy, vol. 20, no. 2 (Summer), 1988, pp. 207-234. 

New Classicism:

"The Flight of the Cuckoo," Liberty, vol. 11, no. 3 (January), 1998, pp. 48-51 (A Comment on J. W. Watson and Ida Walters, "The New Economics and the Death of Central Banking," Liberty, vol. 10, no. 6 (July), 1997). 

"New Classical and Old Austrian Economics: Equilibrium Business Cycle Theory in Perspective," Review of Austrian Economics, vol. 5, no. 1, 1991, pp. 93-103.

"'Rational Expectations' Offers Nothing That's Both New and True," Austrian Economics Newsletter, vol. 6, no. 1 (Fall), 1985, pp. 5-6.

MONETARY INSTITUTIONS

"Can Monetary Stabilization Policy Be Improved by CPI Futures Targeting?" (with Lawrence H. White) Journal of Money, Credit, and Banking, vol. 29, no. 4, pt. 1 (November), 1997, pp. 534-541.

"Central Banking, Free Banking, and Financial Crises," Review of Austrian Economics, vol. 9, no. 2, 1996, pp. 109-127.

"The Costs of a Gold Standard," in Llewellyn H. Rockwell, Jr., ed., The Gold Standard: An Austrian Perspective, Lexington, MA: D. C. Heath and Co., 1985, pp. 61-79.

"Gold: A Standard and an Institution," Cato Journal, vol. 3, no. 1 (Spring), 1983, pp. 233-38.

FISCAL THEORY AND POLICY

"The Trouble with Deficit Finance," The Free Market, vol. 21, no. 4 (April), 2003, pp 3-4.

"Do Deficits Matter" (with Lawrence H. White), The Free Market, vol. 17, no. 2 (February), 1999, pp 3 & 5-8.

Chronically Large Federal Budget Deficits. FMF Monograph No. 18. Sandton, South Africa: the Free Market Foundation, 1998.

"The Flat Tax: Simplicity Desimplified," The Freeman, vol. 46, no. 10 (October), 1996, pp. 670-74.

"Reply to Daniel J. Mitchell," The Freeman, vol. 46, no. 12 (December), 1996, pp. 839-40.

"The Federal Debt and Deficit: Coping with the Crises," Lecture and featured article for the Center for Entrepreneurship and Free Enterprise, Reinhardt College, Waleska, GA, News and Views, vol. 2, no. 2 (Winter) 1994, pp. 1 & 5-10.

"Public-Sector Deficits and Private-Sector Performance," in Lawrence H. White, ed., The Crisis in American Banking. New York: New York University Press, 1993, pp. 29-54.

"Financial Stability and FDIC Insurance" (with Eugenie D. Short and Gerald P. O'Driscoll, Jr.), in Catherine England and Thomas Huertas, eds., The Financial Services Revolution: Policy Directions for the Future, Boston: Kluwer Academic Publishers, 1987, pp. 187-207.

"Deficits and Inflation: A Comment on Dwyer," Economic Inquiry, vol. 22, no. 4 (October), 1984, pp. 593-96.

"Misdirection of Capital and Labor Under Social Security," Cato Journal, vol. 3, no. 2 (Fall), 1983, pp. 513-529. 

METHODOLOGY AND MARKET PROCESS

"An Armchair View of Escalators and Moving Walkways," in Franklin G. Mixon and Richard Cebula, eds., Expanding Teaching and Learning Horizons in Higher Education: Essays on Economic Education. Hauppauge, NY: Nova Science Publishers, 2009 (forthcoming).

"Equilibrium and Entrepreneurship," Advances in Austrian Economics, vol. 2, Part A, 1995, pp. 67-78.

"Mises and His Method," in Jeffrey M. Herbener, ed. The Meaning of Ludwig von Mises: Contributions is Economics, Sociology, Epistemology, and Political Philosophy. Boston: Kluwer Academic Publishers, 1993, pp. 102-117. 

"On the Relevance of Policy to Kirznerian Entrepreneurship: Comment," in Charles W. Baird, ed., The Effects of Taxes and Regulation on Entrepreneurship. Smith Center, University of California at Hayward, Hayward, CA, 1993. pp. 71-79.

"On the Issue of Causality in Modern Empirical Economics," The Austrian Economics Newsletter, vol. 9, no. 3 (Spring/Summer), 1988, pp. 7-8.  (Excerpted from "Mises and His Methods.")

"The Kaleidic World of Ludwig Lachmann." Review article: Ludwig M. Lachmann, The Market as an Economic Process, Critical Review, vol. 1, no. 3 (Summer), 1987, pp. 77-89.

"From Lachmann to Lucas: On Institutions, Expectations and Equilibrating Tendencies," in Israel M. Kirzner, ed., Subjectivism, Intelligibility and Economic Understanding: Essays in Honor of Ludwig M. Lachmann on his Eightieth Birthday, New York: New York University Press; London: Macmillan and Co., 1986, pp. 87-101.

"Predictable Behavior: Comment," American Economic Review, vol. 75, no. 2 (June), 1985,  pp. 576-78.

"West's 'Cantillon and Adam Smith': A Comment," Journal of Libertarian Studies, vol. 7, no. 2 (Fall), 1985, pp. 287-294.

"Austrian Economics as the Middle Ground: Comment on Loasby," in Israel M. Kirzner, ed., Method, Process, and Austrian Economics: Essays in Honor of Ludwig von Mises, Lexington MA: D. C. Heath and Co., 1982, pp. 131-38.