Home | Profile | David Howden
  • David Howden

David Howden

Tags Business CyclesInterventionismMonetary TheoryMoney and Banking

Works Published inSpeeches and PresentationsMises Daily ArticleQuarterly Journal of Austrian EconomicsThe Free MarketArticles of Interest

Dr. David Howden is Chair of the Department of Business and Economics, and professor of economics, at Saint Louis University at its Madrid campus. A Fellow of the Mises Institute, he is the author of over 50 scholarly articles and books. His research focuses on the business cycle and fractional-reserve banking.

His latest book series uses Austrian insights to forecast the world´s major stockcommodity, and foreign-exchange markets. His 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.

He blogs at and tweets @davidjhowden.

All Works

New Must-Read Book Honoring Jesús Huerta de Soto

05/01/2023Power & Market

Attention Austrian school economists and enthusiasts: Philipp Bagus and I are pleased to announce the release of our new two-volume book in honor of Jesús Huerta de Soto!

Read More

The Debt Ceiling: An Affectionate History

U.S. History


The debt ceiling served an important historical purpose. It continues to serve this purpose today. Raising it without limit is not necessary and is a dangerous precedent.

Read More

Unintended Consequences: Some Problems with National Income Accounting

Value and Exchange


It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.

Read More

Inequality and the Gold Standard


It's not a coincidence that the wealth of the top 1 percent began to really take off when the US ended the last remnants of the gold standard in 1973. 

Read More

How to Decrease Income Inequality


[Originally published November 2013]

The Globe and Mail has been up in arms over the growing wealth divide in Canada. Or at least the perception of a growing wealth divide. As part of its Wealth Paradox series, this weekend’s edition looked at some policies aimed at...

Read More