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David Howden

Tags Business CyclesInterventionismMonetary TheoryMoney and Banking

Works Published inArticles of InterestSpeeches and PresentationsMises Daily ArticleQuarterly Journal of Austrian EconomicsThe Free Market

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

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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Three Centuries of Boom-Bust in Spain

Booms and BustsMoney and BanksWorld HistoryMoney and Banking

01/21/2016Mises Wire
Following the discovery of the Americas, Spain began a 300-year period of booms, busts, war, and mercantilism. Only in the eighteenth century did the country begin to find prosperity through liberalization of trade and private property.
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Venezuela's Bizarre System of Exchange Rates

Global EconomyMoney and BanksMoney and Banking

01/07/2016Mises Wire
Many people know that the Venezuelan economy is subject to byzantine price controls and other regulations. But on top of it all is a highly complex, bureaucratic, and damaging system of government-controlled monetary exchange rates.
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