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Austrian Scholars Conference 2004

March 18

Auburn, Alabama

Named Lectures| Schedule | Submissions | Accommodations and Fees | Register Now

The Austrian Scholars Conference is the international, interdisciplinary meeting of the Austrian School, and for scholars interested or working in this intellectual tradition, it is the event of the year. [FULL SCHEDULE IN PDF]

Over the course of three days, expanded from previous years, the Austrian Scholars Conference offers eighty plus presentations on economics, history, philosophy, and the humanities, in addition to named lectures by the leaders in the field. It combines all the opportunities of a professional meeting, with the added attraction of hearing and presenting new and innovative research, engaging in vigorous debate, and interacting with like-minded scholars who share research interests.

Papers and panels cover a wide range of fields that impact on the Austrian paradigm, including: monetary theory; international trade; money and banking; methodology; history of thought; economic history; business cycles; geography; interventionism; literature; political philosophy; philosophy of science; society, culture, and religion; business regulation; environmental political economy; and history and theory of war.

The entire event takes place at the Mises Institute campus in Auburn, Alabama. The campus features spacious seminar rooms, a vast library with the best collection of Austrian School books in North America, and gorgeous gardens. All sessions and breaks take place at the Institute, where socializing and exchanging ideas becomes part of the conference experience. For more about the Institute, Auburn, directions, hotels, and transportation, see Austrian Guide to Auburn.

  • "The Austrian Scholars Conference is a great opportunity for exchanging ideas and advancing the School."--Randall G. Holcombe, Florida State University
  • The Austrian Scholars Conference is an extraordinary event--in terms of the range and quality of the panels and papers, the diversity of scholarly interests and research programs among the participants, and the sheer intellectual excitement that is palpable throughout the three days. If any evidence is necessary that Austrian economics and its related disciplines constitute a vibrant, growing movement, it is here for all to see. --Joseph Salerno, Pace University
  • "A wonderful conference!" -- Tibor R. Machan, Chapman University.
  • "No other conference in the economics profession discusses such a wide-ranging menu of interesting and important topics as the Austrian Scholars Conference." -- Thomas DiLorenzo, Loyola College
  • "The most well organized and informative conference I've ever attended." -- Colin Knapp, University of Florida
  • "I was truly impressed with what this conference achieved, and I was delighted to have the chance to meet up with so many friends." -- Ronald Hamowy, University of Alberta
  • "It was an honor and special privilege to be part of such a high-level yet jovial gathering." -- Mahan Akal, University of Tennessee
  • "I never come away from the ASC without at least a half dozen ideas for new writing projects." --Walter Block, Loyola University New Orleans
  • "Probably the best run conference I have ever attended. Also, the civility and open dialogue, together with strong commitments, were impressive. And the facility, the Ludwig von Mises Institute itself, is truly remarkable." -- Joseph Pappin, University of South Carolina


Mises Memorial Lecture
Richard Ebeling
(Foundation for Economic Education)
Author of a new collection from Edward Elgar, as well as many other books, Ebeling ranks among the top Misesians working today. He has been a voracious collector and disseminator of Mises's ideas, including bringing back into print many lost papers in a series published by LibertyFund. His title is: "Austrian Economics and the Political Economy of Freedom."

Rothbard Memorial Lecture
Joseph Stromberg
(Mises Institute)
Historian and author of the comprehensive introduction to the new edition of Man, Economy, and State, Stromberg has worked as curator of the Rothbard archives and become the world's leading expert on the life and work of the great economist and American economic historian. His title is: "Rothbard's Systematic Defense of Liberty."

Hazlitt Memorial Lecture
Sean Corrigan
Capital Insight
Through commentary and outstanding market insight, Corrigan has been among the intellectual leaders in applying the Austrian business cycle theory to current economic problems. His title is "Theory Meets Praxis: The Austrian Business Cycle Theory in Today's Economy"

Hayek Memorial Lecture
Toby Baxendale
(London, England)
A London entreprenuer, Baxendale has thrown himself into the intellectual battle, writing articles and arranging for an annual Hayek Lecture at the London School of Economics, while dealing daily with problem of legislation trumping Hayekian law. His title is: "Law v. Legislation: A Hayekian Entrepreneur in London"

Schedule for Austrian Scholars Conference

[Note: if by mistake, you are not listed, email us and we'll make the change]


8:00-8:45am  Shuttle from AU Hotel/Heart of Auburn to Mises every 15 min.

9:00-10:30 Book Signing and Discussion

  • Tom DiLorenzo: How Capitalism Saved America
  • Lew Rockwell: Speaking of Liberty
  • Mark Thornton: Tariffs, Blockades, and Inflation: The Economics of the Civil War
  • Hans Hoppe: The Myth of National Defense
  • Hunt Tooley: The Western Front: Battleground and Home Front in the First World War
  • Richard Ebeling: Austrian Economics and the Political Economy of Freedom
  • Randall Holcombe: From Liberty to Democracy: The Transformation of American Democracy

10:30-11:30: Lecture

  • "Capitalism, Cuba, and Castro: A Report from Recent Travels," with Yuri N. Maltsev (Carthage College)

11:30-1:00 Lunch on your own

11:30: Shuttle from Mises to AU Hotel/Heart of Auburn

12:30: Shuttle from AU Hotel/Heart of Auburn to Mises

1:00-2:45pm Forum: "Free Trade: The Current Debate" with Paul Craig Roberts and commentators.  Moderator: Randall Holcombe (Florida State University)   

3:00-4:30: SESSIONS

A. Capital Markets, Real Estate, and Housing.  Chairs:  Jeff Scott (Wells Fargo) Kevin Duffy (Bearing Asset Management)

B. Law and Economics.  Chair: Jeffrey M. Herbener (Grove City College)

  • "The Logic of (Social) Action: Austrian Praxeology as Law-and-Economics Proper" Josef Sima (Prague School of Economics)
  • "Property, Causality, and Liability" Hans-Hermann Hoppe (University of Nevada, Las Vegas)
  • "Private and Public Prisons: The Impossibility of State Justice" Daniel J. D'Amico (Loyola University New Orleans)

5:00-6:00 The Henry Hazlitt Memorial Lecture: Sean Corrigan (Capital Insight): "Theory Meets Praxis: The Austrian Business Cycle Theory in Today's Economy"

6:00-7:00: Reception

7:00: Shuttle from Mises to AU Hotel/Heart of Auburn

FRIDAY March 19

8:00 and 8:15am  Shuttle from AU Hotel/Heart of Auburn to Mises

8:30-10:00am SESSIONS

A. Theory and Method.  Chair:  Hans-Hermann Hoppe  (University of Nevada, Las Vegas)

B. Business Cycle Theory.  Chair: Joseph Salerno (Pace University)

  • "The Cluster of Entrepreneurial Errors: Cyclical Malinvestment at the Firm Level" Rich Grimm (Grove City College)
  • "Accounting for the Business Cycle: Nominal Price Rigidities, Factor Heterogeneity, and Austrian Capital Theory" Robert Mulligan (Western Carolina University)
  • "Rationality and Austrian Business Cycle Theory" Brian Simpson (National University)

C. Science and Markets.  Chair: William L. Anderson

  • "The Entrepreneurial Character of Science" Allan Walstad (University of Pittsburgh at Johnstown)
  • "Science and Market as Adaptive Classifying Systems" Thomas McQuade (New York University)
  • Commentator

10:15-11:45am SESSIONS

A. Capital Markets.  Chair: Rich Grimm (Grove City College)

  • "The Evolution of Business Markets: Perspectives of New Austrian Capital Theory" Michael Ehret (Free University of Berlin)
  • ""Capital in Disequilibrium: An Austrian Approach to Recession and Recovery" John P. Cochran and Noah Yetter (Metropolitan State College, Denver)
  • "A Defense of the Traditional Austrian Theory of Interest" Paul Cwik (Mises Institute)

B. The Political Economy of Education.  Chair: Peter G. Klein (University of Missouri)

  • "Robert Lewis Dabney and the Case for 'Trickle-Down' Education" Barry Simpson (University of South Alabama)
  • "Extramural Education, An Interim Plan: From State Schooling to Free-Market Alternatives" Linda Schrock Taylor (The Learning Clinic)
  • Comments by Mark Brandly (Ferris State University)

C. Deflation in Theory and Policy. Chair: Jörg Guido Hülsmann

11:45-1:00 Lunch on your own

11:45am  Shuttle from Mises to AU Hotel/Heart of Auburn

12:30pm  Shuttle from AU Hotel/Heart of Auburn to Mises

1:00-2:30pm SESSIONS

A. Pricing, Management, Entrepreneurship.  Chair: Mark Brandly (Ferris State University)

B. Austrian School History.  Chair: Shawn Ritenour (Grove City College)

  • "Richard Cantillon: The Discover of Opportunity Cost" Mark Thornton (Mises Institute)
  • "1922: The Watershed Year For Mises and Hayek Theory of Society" Shigeki Tomo (Kyoto-Sangyo University)
  • "Eugen von Boehm-Bawerk's Place in the Development of Austrian Economics" Joseph Salerno (Pace University)
  • "Keynes, Hazlitt, and Managed Currency"   Jude Blanchette (Foundation for Economic Education)

C. Political Philosophy and Libertarianism.  Chair: Jeffrey M. Herbener  (Grove City College)

  • "Against the Red Moloch: Vladimir Jabotinsky's Liberalism" Myles Kantor (Pureplay Press.)
  • "Liberty and Morality" Tibor Machan (Chapman University)
  • "The Classical Liberal Doctrine of States Rights" Thomas DiLorenzo (Loyola College, Maryland)
  • Commentator: David Gordon (Mises Review)

3:00-4:30pm SESSIONS

A. Business Economics.  Chair:  William L. Anderson (Frostburg State University)

  • "The Effect of Antitrust Laws on the Growth of the Newspaper Industry" William L. Anderson (Frostburg State University) and Amit Shah (Frostburg State University)

  • "Profit Management, Easement Costs, and Price Discrepancies" Joseph Calandro, Jr. (University of Connecticut)
  • "Matchstick Man: The Business Empire of Ivar Kreuger" Jeff Scott and Sven Thommesen (Auburn University)  

B. Economies of Development and Transition.   Chair: Jörg Guido Hülsmann

  • "Vietnam in Transition: Lange or Mises?" Manh Cuong Nguyen
  • "Economic Theory of Sustainability: Its Foundational Errors and a Restatement of Valid Principles" John Brätland(US Department of the Interior)
  • "Isabel Paterson and the Development of Free Nations" Richard O. Hammer (Free Nation Foundation)
  • "Iraq as a Battlefield of Ideas: A Response to Naomi Klein" John Passalaqua(University of Illinois at Chicago)

C. What Have We Learned from Empirical Measures of Economic Freedom?  Chair:  Thomas DiLorenzo (Loyola College, Maryland)

  • "Introduction to Economic Freedom of the World," James Gwartney (Florida State University)
  • "Methodology and Data: Empirical Findings" Robert A. Lawson (Capital University)
  • "Response to Paul Crag Roberts' Criticisms of Empirical Measures of Economic Freedom" Walter Block (Loyola University)

5:00-6:00pm Ludwig von Mises Memorial Lecture: RICHARD EBELING (Foundation for Economic Education): "Austrian Economics and the Political Economy of Freedom"

6:00pm Reception

6:45pm Piano concert and Mises-Kreis Lieder: Songs from the interwar Mises Circle, in spectacular and new English translations, presented for the first time this evening and sung by Mises Institute staff and attendees of the ASC. View the Playbill.

6:30-8:00pm  Shuttles from Mises to AU Hotel/Heart of Auburn every half hour


8:00 and 8:15am  Shuttle from AU Hotel/Heart of Auburn to Mises

8:30-9:15am: Lou Church Memorial Lecture in Religion and Economics: Thomas Woods (Suffolk Community College): "The Trouble with Catholic Social Teaching"

9:30-11:00am SESSIONS

A. Austrian Evaluations of Coasian Economics.  Chair: Walter Block (Loyola University New Orleans)

  • "Coase and the Theory of the Firm" Peter G. Klein (University of Missouri)
  • "Coase and Social Costs" Roy Cordato (John Locke Foundation)
  • "Coase on the Lighthouse" Walter Block (Loyola University New Orleans)
  • "Coase, Crime, and Law" Larent Carnis

B. Studies on Religion. Chair: Shawn Ritenour (Grove City College)

C. Liberty, Finance, and Banking.  Chair:  William L. Anderson (Frostburg State University)

11:15am-12:15pm F.A. Hayek Memorial Lecture: TOBY BAXENDALE (London): "Law v. Legislation: A Hayekian Entrepreneur in London"

12:15-1:00: Lunch on your own

12:15pm  Shuttle from Mises to AU Hotel/Heart of Auburn

12:45pm  Shuttle from AU Hotel/Heart of Auburn to Mises

1:00-2:30pm SESSIONS

A. World War I: The Other War that Never Ends.  Chair: Richard Ebeling (FEE)

  • "World War I: The Recent Literature" Ralph Raico (SUNY College, Buffalo)
  • "The Political Ideas Behind World War I" Joseph Stromberg (Mises Institute)
  • "The War for Democracy that Never Ends" Paul Gottfried (Elizabethtown College)
  • "Merchants of Death Revisted: Armaments, Bankers, and the First World War" Hunt Tooley (Austin College)

B. Economic History. Chair: Jeffrey M. Herbener  (Grove City College)

  • "The Clearinghouse Role of the Suffolk Bank" Karen Palasek (Peace College)
  • "Free Banking in Sweden, 1830-1903: Experience and Debate" Erik Lakomaa (Stockholm School of Economics)
  • "The Sherman Act: Fabrication of a Predator" Erich Mattei (Loyola University of New Orleans)
  • "The Interpretation of the Causes of the Black Death in History Survey Texts" Frank Williams (Reinhardt College)

3:00-4:30pm SESSIONS

A. Knowledge, Property, and Society. Chair: Jeffrey M. Herbener (Grove City College)

  • "The Use of Knowledge about Society: The Wittman/Stigler Claims about Democratic Efficiency" Doug MacKenzie (Ramapo College)
  • "Government Theft: The Taking of Private Property to Benefit the Favored Few" Roy Whitehead (University of Central Arkansas) and Walter Block (Loyola University New Orleans) 
  • "The Growth of Knowledge in Society" Randall Holcombe (Florida State University)

B. The Size and Scope of Government. Chair: Mark Brandly (Ferris State University)

4:30 and 4:45pm  Shuttles from Mises to AU Hotel/Heart of Auburn

6:00pm Reception at Dixon Conference Center of Auburn University Hotel
7:00pm Dinner: Awarding of the O.P. Alford III Prize for Libertarian Scholarship

Murray N. Rothbard Memorial Lecture: JOSEPH STROMBERG (Mises Institute): "Rothbard's Systematic Defense of Liberty"


To suggest papers and sessions, write Jeffrey Herbener at jmherbener@gcc.edu or his assistant at tucker@mises.org. Submissions will be accepted until all the time slots are taken.


Hotel rooms at the Auburn University Hotel are just $79 plus tax, single or double. Phone 1-800-228-2876 or 334-821-8200 before February 17. Be sure to mention the Mises Institute for the special rate. If the hotel is fully booked, please connect to our Austrian Guide to Auburnfor alternative hotels within walking distance.

For faculty and others, the registration fee is $200, which includes all sessions, receptions, coffee breaks, special 10th Anniversary ASC dinner at Dixon Conference Center of AU Hotel on Saturday, and daily shuttles between AU Hotel and the Institute. For qualified full-time students, the registration fee to attend all sessions and meals is waived (submit application form below, with copy of student ID). Contact pat@mises.orgwith questions.


The conference opens on Thursday with a forum on market security, with presentations by the authors of the main ideas in their books, how they came to be published, their experiences in marketing, and how they have been reviewed and received.

A second forum will cover published articles. Because the remainder of the conference covers articles in process, this session fills a gap present in previous ASCs. The conference continues on Thursday with panels on finance and the police state. Friday and Saturday are devoted to paper presentations in concurrent sessions, as in the past.

In addition to 100 the near presentations, the conference also includes receptions, all to be held on the beautiful campus of the Mises Institute, which features a library of 24,000 books along with Mises and Rothbard archives. You will find research materials available here that are otherwise inaccessible, so plan to use some of your time to advance your own research.

If you have never been to the ASC, I encourage you to attend this year. Papers and books that advance the Austrian School are presented here for the first time, which gives you the chance to discuss ideas with presenters and participants and make an important contribution to impacting the future of the School. If you are looking for comments on a paper, or just a chance to bounce some ideas off others who know something other than the latest mathematical wizardry of the profession, this is the place.

This is also the ideal setting for making professional contacts that will help you through the years. Your expertise and interests are highly valued by others. In addition, we always have a great time. There is no substitute for the intellectual stimulation and personal camaraderie that the Austrian Scholars Conference combines into one event. The price of the conference is $200, the same as last year. You can make reservations at the Auburn University Hotel by calling 800.228.2876. See the Austrian Guide to Auburn for more information on the town.

Write me with your submissions.

Jeffrey Herbener
Grove City College

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