Jörg Guido Hülsmann (born 18 May 1966) is a German-born economist of the Austrian School of economics who studies issues related to money, banking, monetary policy, macroeconomics, and financial markets. Hülsmann is professor of

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 ...

at the

University of Angers The University of Angers (french: Université d'Angers; UA) is a public university in western France, with campuses in Angers, Cholet, and Saumur. It forms part of thAngers-Le Mans University Community History The University of Angers was init ...

’ School of Law, Economics, and Management. He is a member of the

European Academy of Sciences and Arts The European Academy of Sciences and Arts (EASA, la, Academia Scientiarum et Artium Europaea) is a transnational and interdisciplinary network, connecting about 2,000 recommended scientists and artists worldwide, including 37 Nobel Prize laure ...

, a corresponding member of the

Pontifical Academy for Life The Pontifical Academy for Life or Pontificia Accademia per la Vita is a Pontifical Academy of the Roman Catholic Church dedicated to promoting the Church's consistent life ethic. It also does related research on bioethics and Catholic moral the ...

, and a Senior Fellow at the

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 ...

. He is a vice-president of the international

Property and Freedom Society The Property and Freedom Society (PFS) is a right-wing, anarcho-capitalist political organization located in Bodrum, Turkey. Founded in May 2006 under the stewardship of Hans-Hermann Hoppe, a Rothbardian political theorist and Professor Emeritus ...

, a board member of the ''Association des économistes catholiques'' in France, and a scientific board member of the Hayek-Gesellschaft in Germany, of the Austrian Institute of Economics and Social Philosophy, and of the International Academy for Philosophy in Liechtenstein. Hülsmann has been the inaugural laureate of the international Franz Čuhel Prize for Excellence in Economic Education. Historians of the Austrian School such as Eugen-Maria Schulak and Herbert Unterköfler consider him to be one of the most important contemporary Austrian economists in Europe, next to

Hans-Hermann Hoppe Hans-Hermann Hoppe (; ; born 2 September 1949) is a German-American economist of the Austrian School, philosopher and political theorist. He is Professor Emeritus of Economics at the University of Nevada, Las Vegas (UNLV), Senior Fellow of t ...

and

Jesús Huerta de Soto Jesús Huerta de Soto Ballester (born December 23, 1956) is a Spanish economist of the Austrian School. He is a professor in the Department of Applied Economics at King Juan Carlos University of Madrid, Spain and a Senior Fellow at the Mises Inst ...

. In the wider heterodox-economics community striving for

pluralism in economics The pluralism in economics movement is a campaign to change the teaching and research in economics towards more openness in its approaches, topics and standpoints it considers. The goal of the movement is to "reinvigorate the discipline ... nd b ...

he is regarded as a leading expert and world-renowned speaker. He has been interviewed in various media outlets all throughout Europe.

Life

Hülsmann went to high school in a town with "the highest communist voter percentage in all of Western Germany" and started public speaking at the age of 15. After mandatory military service, he went on to study industrial engineering (Wirtschaftsingenieurwesen) at the

Technical University of Berlin The Technical University of Berlin (official name both in English and german: link=no, Technische Universität Berlin, also known as TU Berlin and Berlin Institute of Technology) is a public research university located in Berlin, Germany. It was ...

, from 1986 to 1992. In the 1991–92 academic year, he participated in an exchange program with

Toulouse Business School TBS Education, formerly Toulouse Business School and Groupe ESC Toulouse (''École supérieure de Commerce de Toulouse''), is a triple crown business school founded in 1903 by the Toulouse Chamber of Commerce and Industry. This highly selecti ...

in France. There he wrote a thesis comparing the

neo-marxist Neo-Marxism is a Marxist school of thought encompassing 20th-century approaches that amend or extend Marxism and Marxist theory, typically by incorporating elements from other intellectual traditions such as critical theory, psychoanalysis, or exi ...

regulation school The regulation school (french: l'école de la régulation) is a group of writers in political economy and economics whose origins can be traced to France in the early 1970s, where economic instability and stagflation were rampant in the French eco ...

to the ordo-liberal

Freiburg School __notoc__ The Freiburg school (german: Freiburger Schule) is a school of History of economic thought, economic thought founded in the 1930s at the University of Freiburg. It builds somewhat on the earlier historical school of economics but stresse ...

. He also started studying the writings of the

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 ...

. After the year in Toulouse, he returned to Berlin for doctoral studies under Hans-Hermann Lechner and obtained his PhD in economics in 1996. In January 1997,

Lew Rockwell Llewellyn Harrison Rockwell Jr. (born July 1, 1944) is an American author, editor, and political consultant. A libertarian and a self-professed anarcho-capitalist, he founded and is the chairman of the Mises Institute, a non-profit dedicated t ...

commissioned Hülsmann to write a Mises biography, a project that he would eventually complete in 2007. In 2004, he was appointed to a full professorship at the

Academic authorship

Hülsmann is the author of seven books, has edited or co-edited six other books, and published numerous journal articles and book chapters. His writings have been translated into twenty languages. His 2008 book ''The Ethics of Money Production'' has been translated into

German German(s) may refer to: * Germany (of or related to) ** Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ge ...

, French,

Italian Italian(s) may refer to: * Anything of, from, or related to the people of Italy over the centuries ** Italians, an ethnic group or simply a citizen of the Italian Republic or Italian Kingdom ** Italian language, a Romance language *** Regional Ita ...

Romanian Romanian may refer to: *anything of, from, or related to the country and nation of Romania **Romanians, an ethnic group **Romanian language, a Romance language *** Romanian dialects, variants of the Romanian language ** Romanian cuisine, tradition ...

Polish Polish may refer to: * Anything from or related to Poland, a country in Europe * Polish language * Poles Poles,, ; singular masculine: ''Polak'', singular feminine: ''Polka'' or Polish people, are a West Slavic nation and ethnic group, w ...

, and

Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of ...

. His 2007 book ''Mises – The Last Knight of Liberalism'' has been translated into

Russian Russian(s) refers to anything related to Russia, including: *Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *Rossiyane (), Russian language term for all citizens and peo ...

and

. Both books received numerous reviews and made it into ''

Barron's Barron's or Barrons may refer to: *Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep ** B.E.S. Publishing, the former owner of Barron's * ''Barr ...

'' recommended reading lists. ''The Last Knight of Liberalism'' is the only full-blown biography of

Ludwig von Mises Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberali ...

and Hülsmann’s most-cited publication. It received a slating from Bruce Caldwell, while the other reviews have been overwhelmingly positive. Economic historian

Robert Higgs Robert Higgs (born 1 February 1944) is an American economic historian and economist combining material from Public Choice, the New institutional economics, and the Austrian school of economics; and describes himself as a " libertarian anarchis ...

praised it as "a magnificent scholarly achievement." In a lengthy review, the German national newspaper, ''

Frankfurter Allgemeine Zeitung The ''Frankfurter Allgemeine Zeitung'' (; ''FAZ''; "''Frankfurt General Newspaper''") is a centre-right conservative-liberal and liberal-conservativeHans Magnus Enzensberger: Alter Wein in neuen Schläuchen' (in German). ''Deutschland Radio'', ...

'', called it "a literary event" and considered the work to "set standards" of biographical work. In September 2016, the

Renmin University of China The Renmin University of China (RUC; ) is a national key public research university in Beijing, China. The university is affiliated to the Ministry of Education, and co-funded by the Ministry and the Beijing Municipal People's Government. RUC ...

organized a full-day conference around the Chinese edition of the book. He has also become known as an economist who correctly anticipated the financial crisis of 2001; as a staunch critic of

fractional-reserve banking Fractional-reserve banking is the system of banking operating in almost all countries worldwide, under which banks that take deposits from the public are required to hold a proportion of their deposit liabilities in liquid assets as a reserve, ...

; as a critic of the time-preference theory of interest; for his "reconsideration" of Austrian Capital Theory, opening new perspectives on the venerable

Cambridge capital controversy The Cambridge capital controversy, sometimes called "the capital controversy"Brems (1975) pp. 369-384 or "the two Cambridges debate", was a dispute between proponents of two differing theoretical and mathematical positions in economics that starte ...

; and as a proponent of the idea that economic laws are

counterfactual Counterfactual conditionals (also ''subjunctive'' or ''X-marked'') are conditional sentences which discuss what would have been true under different circumstances, e.g. "If Peter believed in ghosts, he would be afraid to be here." Counterfactual ...

''a priori'' laws, rather than empirical regularities.

Teaching

Hülsmann directs an

English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ...

-language master’s program in Law and Finance, and co-directs a double-major bachelor program in Law and Economics (in French) at the

. He is also a frequent guest professor at

Grove City College Grove City College (GCC) is a private, conservative Christian liberal arts college in Grove City, Pennsylvania. Founded in 1876 as a normal school, the college emphasizes a humanities core curriculum and offers 60 majors and 6 pre-profession ...

, and he has taught at

Alexandru Ioan Cuza University The Alexandru Ioan Cuza University (Romanian: ''Universitatea „Alexandru Ioan Cuza"''; acronym: UAIC) is a public university located in Iași, Romania. Founded by an 1860 decree of Prince Alexandru Ioan Cuza, under whom the former Academia Mih ...

of Iași, (Romania), at

Loyola University New Orleans Loyola University New Orleans is a Private university, private Jesuit university in New Orleans, New Orleans, Louisiana. Originally established as Loyola College in 1904, the institution was chartered as a university in 1912. It bears the name o ...

, at CEVRO Institute in Prague (Czech Republic), at the

King Juan Carlos University Rey Juan Carlos University ( es, Universidad Rey Juan Carlos, URJC) is a Spanish public research university located in the southern area of the Community of Madrid (Spain), with five campuses at Móstoles, Alcorcón, Vicálvaro, Aranjuez and ...

in Madrid (Spain), at

ISM University of Management and Economics ISM University of Management and Economics is an institution of undergraduate, graduate and post-graduate education in business, management and economics. The university serves as a centre of market analysis, executive training and academi ...

in Vilnius (Lithuania), and various other academic institutions.

Journalism

Hülsmann has written for various press outlets in Europe, for example, for national magazines such as ''

Schweizer Monat The ''Schweizer Monat. Die Autorenzeitschrift für Politik, Wirtschaft und Kultur'' ("Swiss Month. Author magazine for Politics, Economy and Culture"), née ''Schweizer Monatshefte'', is a Swiss monthly magazine based in Zürich. Founded in 1921 ...

'', ''La Tribune'', ''

Die Zeit ''Die Zeit'' (, "The Time") is a German national weekly newspaper published in Hamburg in Germany. The newspaper is generally considered to be among the German newspapers of record and is known for its long and extensive articles. History The ...

'', and ''

Der Standard ''Der Standard'' is an Austrian daily newspaper published in Vienna. History and profile ''Der Standard'' was founded by Oscar Bronner as a financial newspaper and published its first edition on 19 October 1988. German media company Axel Springe ...

'', and for business magazines such as ''

Wirtschaftswoche ''Wirtschaftswoche'' is a German weekly business news magazine published in Germany. “Wirtschaft” means economy (including business) and “Woche” is week. History and profile For many years, ''Wirtschaftswoche'' was published weekly on ...

''. For several years, he has authored a monthly column for the German libertarian magazine, ''eigentümlich frei''.

Translations

Hülsmann has translated or co-translated Murray N. Rothbard’s books ''

The Ethics of Liberty ''The Ethics of Liberty'' is a 1982 book by American philosopher and economist Murray N. Rothbard, in which the author expounds a libertarian political position. Hans-Hermann Hoppe's ''Introduction'' to the 1998 edition of the book claims tha ...

'' and '' What Has Government Done to Our Money?'',

Ralph Raico Ralph Raico (; October 23, 1936 – December 13, 2016) was an American libertarian historian of European liberalism and a professor of history at Buffalo State College.Ludwig von Mises Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberali ...

’ ''

Bureaucracy The term bureaucracy () refers to a body of non-elected governing officials as well as to an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected offi ...

'', as well as

Gustave de Molinari Gustave de Molinari (; 3 March 1819 – 28 January 1912) was a Belgian political economist and French Liberal School theorist associated with French ''laissez-faire'' economists such as Frédéric Bastiat and Hippolyte Castille. Biography B ...

's ''De la production de la sécurité'' G. de Molinari
''Produktion von Sicherheit''
(2015) into

References

External links

Jörg Guido Hülsmann at the Ludwig von Mises Institute
(essays, lectures, audiobooks, etc.) {{DEFAULTSORT:Hulsmann, Jorg Guido 1966 births Living people 21st-century German writers 21st-century Roman Catholics Austrian School economists Christian libertarians German economists German libertarians German Roman Catholics Libertarian theorists Mises Institute people Academic staff of Paris 2 Panthéon-Assas University People from Oberbergischer Kreis Technical University of Berlin alumni Toulouse Business School alumni University at Buffalo faculty Academic staff of the University of Angers