Joseph T. Salerno

Joseph T. Salerno received his PhD in economics from Rutgers University. He is professor emeritus of economics in the Lubin School of Business of Pace University in New York City. He is the editor of the Quarterly Journal of Austrian Economics and the Academic Vice President of the Mises Institute where he serves on the Board of Directors. Professor Salerno also held the inaugural Peterson-Luddy Chair in Austrian Economics at the Mises Institute and the inaugural John V. Denson II Endowed Professorship in the economics department at Auburn University.

Professor Salerno is a research associate of the Foundations of the Market Economy in the economics department at New York University (1991-2018) and is on the Board of Editors of five academic journals. Salerno has published over 70 articles and essays in refereed journals and scholarly books. His latest book is The Austrian School of Economics in the 21st Century: Evolution and Impact (Springer 2022) coedited with Annette Godart-van der Kroon. He is the author of Money: Sound and Unsound (Mises Institute 2010) and is currently writing a book with Patrick Newman on the development of Murray N. Rothbard as a Misesian economist. In the last few years, he has published several articles appearing in peer-review journals including Oxford Economic Papers, The European Journal of the History of Economic Thought, and The Journal of Institutional Economics.

He has testified before US Congress several times and published numerous op eds online at mises.org, forbes.com, Christian Science Monitor.com, Wall Street Oasis.com, and Economic Policy Journal.com.

Salerno lectures frequently throughout the US and internationally, and more than 50 of his lectures are available online. He has also been interviewed on broadcast and online radio and TV shows including Bloomberg radio, CSPAN, Fox News, Fox Business Network, New York Lawline, and RTtelevision.

He blogs at Power & Market.

Articles

Economists and the State: From Enemies to Friends

12/12/2024 The Misesian Joseph T. Salerno

Economists and the state are natural enemies. The central principle of economics is that the means for improving human well-being—what economists call “goods”—are naturally scarce and must be produced...

Central Banker Affirms, Deflation “Is a Benefit for the People”

12/02/2024 Power & Market Joseph T. Salerno

When was the last time you heard the head of a central bank assert that deflation is beneficial to the economy, even if only as a “correction” of previous inflation? Well, if you were paying attention...

Have we been living in an MMT world since 2008?

07/25/2024 Mises Wire Joseph T. Salerno

I recently viewed Finding the Money , a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT). The video debuted this past May on several streaming...

Publications

War and the Money Machine: Concealing the Costs of War beneath the Veil of Inflation

08/21/2021 Joseph T. Salerno

In every great war monetary calculation was disrupted by inflation. … The economic behavior of the belligerents was thereby led astray; the true consequences of the war were removed from their view. One can say without exaggeration that inflation is

Nation, Migration, and Trade: Essays on Mises and the Classical Economists

09/03/2020 Joseph T. Salerno

1. Mises on Nationalism, the Right to Self-Determination, and the Problem of Immigration 1. Introduction In the current discussion about immigration, Ludwig von Mises is often invoked by libertarians as a staunch proponent of free trade in the broad

The Rothbard Reader

03/02/2016 Joseph T. Salerno Matthew McCaffrey

From the Introduction by Joseph T. Salerno and Matthew McCaffrey. Few economists manage to produce a body of work that boasts a serious following twenty years after their deaths. Murray N. Rothbard is a rare exception. More than two decades since his

Media

Economists and the State: From Enemies to Friends

10/16/2024 Joseph T. Salerno

Sponsored by Murray and Florence Sabrin.

Have we been living in an MMT world since 2008?

08/07/2024 Joseph T. Salerno

What we may call the “spending illusion” is perhaps the gravest error in the history of economic thought and has been deeply embedded in economics since the early twentieth century.

Closing Remarks and Awards Ceremony

08/03/2024 Tho Bishop Joseph T. Salerno

Recorded at the Mises Institute in Auburn, Alabama, on August 3, 2024. Mises University is the world’s leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the