Joseph T. Salerno (born 1950) is an

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

Austrian School The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school ...

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who is Professor Emeritus of Economics in the Finance and Graduate Economics departments at the

Lubin School of Business The Joseph I. Lubin School of Business is the business school of Pace University. The school was established in 1906 as the Pace School of Accountancy to prepare men and women for the CPA exam, and was named after Joseph I. Lubin, an alumnus an ...

at Pace University, Academic Vice President of the Ludwig von

Mises Institute Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a libertarian nonprofit think tank headquartered in Auburn, Alabama, United States. It is named after the Austrian School economist Ludwig von Mises (1881–1973). It wa ...

, and holds the John V. Denson II Endowed Professorship in the economics department at

Auburn University Auburn University (AU or Auburn) is a public land-grant research university in Auburn, Alabama. With more than 24,600 undergraduate students and a total enrollment of more than 30,000 with 1,330 faculty members, Auburn is the second largest uni ...

. He earned his B.A. at

Boston College Boston College (BC) is a private Jesuit research university in Chestnut Hill, Massachusetts. Founded in 1863, the university has more than 9,300 full-time undergraduates and nearly 5,000 graduate students. Although Boston College is classifie ...

and his M.A. and Ph.D. at

Rutgers University Rutgers University (; RU), officially Rutgers, The State University of New Jersey, is a Public university, public land-grant research university consisting of four campuses in New Jersey. Chartered in 1766, Rutgers was originally called Queen's ...

Early life

Salerno's parents immigrated to the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

from

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

. As a child, he observed his "

New Deal The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. Major federal programs agencies included the Civilian Cons ...

Democrat Democrat, Democrats, or Democratic may refer to: Politics *A proponent of democracy, or democratic government; a form of government involving rule by the people. *A member of a Democratic Party: **Democratic Party (United States) (D) **Democratic ...

" father's disdain for a visiting relative from Italy who declared himself a member of the

communist party A communist party is a political party that seeks to realize the socio-economic goals of communism. The term ''communist party'' was popularized by the title of ''The Manifesto of the Communist Party'' (1848) by Karl Marx and Friedrich Engels. A ...

there. Salerno said that following the incident, he became a supporter of

Barry Goldwater Barry Morris Goldwater (January 2, 1909 – May 29, 1998) was an American politician and United States Air Force officer who was a five-term U.S. Senator from Arizona (1953–1965, 1969–1987) and the Republican Party nominee for presiden ...

's 1964 presidential candidacy and a "full-fledged Goldwaterite."Salerno, Joseph. "It Usually Ends With Murray Rothbard." '' LewRockwell.com''. 23 June 200

/ref> Thereafter, Salerno decided that he wanted to study

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

. As an undergraduate at

, he read an article written by Murray Rothbard and adopted what he describes as "the pure

libertarian Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's e ...

position...

anarcho-capitalism Anarcho-capitalism (or, colloquially, ancap) is an anti-statist, libertarian, and anti-political philosophy and economic theory that seeks to abolish centralized states in favor of stateless societies with systems of private property enforce ...

." This, he stated, led to his interest in the Austrian School.

Career in economics

Salerno has published over 50 scholarly articles and books and is the editor of the Quarterly Journal of Austrian Economics. He is a recognized expert on monetary theory and policy, international monetary reform, and Austrian economics and has testified before the United States Congress on the topics of inflation and of reserve fractional reserve banking. He has also published numerous op-eds online at mises.org, forbes.com, Christian Science Monitor, Wall Street Oasis, and Economic Policy Journal. He is frequently interviewed on broadcast and online radio programs including Bloomberg Radio and has appeared on CSPAN, Fox News, and the Fox Business Networis. Salerno's theories have been explicated by Israel Kirzner in a survey of Austrian thought on entrepreneurship.Kirzner, Israel M.. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach." ''Journal of Economic Literature''. March 1997

/ref>

Bibliography

* ''Money, Sound and Unsound''
Full Text
) (2010)

Notes

External links

Pace University faculty biography
*
Mises.org faculty biography

Mises.org Salerno daily articles archive

Mises.org Salerno media archive

{{DEFAULTSORT:Salerno, Joseph American people of Italian descent American libertarians American anarcho-capitalists Austrian School economists Boston College alumni Pace University faculty Mises Institute people Rutgers University alumni Living people 1950 births