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  • David Howden

David Howden

Tags Business CyclesInterventionismMonetary TheoryMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsThe Free MarketSpeeches and PresentationsMises Daily ArticleArticles of Interest

AwardsO.P. Alford III Prize in Political EconomyDouglas E. French Prize at Mises University

Dr. David Howden is a Fellow of the Mises Institute and Chair of the Department of Business and Economics, and professor of economics, at Saint Louis University at its Madrid campus. He is also Academic Vice President of the Ludwig von Mises Institute of Canada, and the founding editor of the Journal of Prices & Markets. He is the author of over 50 scholarly articles and books, mostly focusing on the business cycle. His latest book, The Fed at One Hundred, co-edited with Dr. Joseph T. Salerno, overviews the Federal Reserve's history and the theory behind its operations over the last 100 years. 

All Works

Finance behind the Veil of Money: Response to Dr. Braun's Comment

Production Theory

06/16/2016Quarterly Journal of Austrian Economics
The most substantial difference between our views comes from Braun’s treatment of the relationship between opportunity cost and choice.
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Review of Finance Behind the Veil of Money: An Essay on the Economics of Capital, Interest, and the Financial Market by Eduard Braun

Money and BanksCapital and Interest TheoryMonetary TheoryMoney and Banking

03/22/2016Quarterly Journal of Austrian Economics
The reader should trudge his way through this book for two reasons. First is the explanation for why the purchasing power of money must be defined in terms of consumers’ goods prices, not capital goods. Second, and more importantly, Braun resurrects the subsistence fund doctrine, an integral aspect...
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The Efficient Market Conjecture

Calculation and KnowledgePrices

03/22/2016Quarterly Journal of Austrian Economics
The aftermath of the recent recession has brought renewed skepticism to EMH, even leading some to redefine it as the “inefficient” market hypothesis. We demonstrate that such a course of action is misguided.
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The Cozy Relationship between the Treasury and the Fed

The FedMoney and BanksTaxes and SpendingMoney and Banking

02/04/2016Mises Wire
Lately, the Fed has been more and more involved in directly funding the Federal government by handing over Fed revenues to the Treasury. In fact, the Fed is handing over enough money to fund the entire food stamp program, and then some.
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