Patrick Newman

Articles

How the Jacksonians Caused America’s Industrial Revolution

03/28/2026 Mises Wire Patrick Newman

America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.

Book Review: The Gold Standard: Retrospect and Prospect

08/26/2025 Quarterly Journal of Austrian Economics Patrick Newman

Patrick Newman reviews The Gold Standard: Retrospect and Prospect. The collection provides an honest assessment of the gold standard, highlighting both the strengths and limitations of the gold standard, while also addressing alternatives such as monetary rules and cryptocurrencies

Cronyism in America

02/24/2025 The Misesian Patrick Newman

The US government has long pushed to establish government-sponsored cartels and monopolies that weakened free-market competition and enriched incumbent businesses, unions, and other interest groups.

Publications

Cronyism: Liberty versus Power in Early America, 1607–1849

08/17/2021 Patrick Newman

From the Introduction to Cronyism: Liberty versus Power in Early America, 1607–1849. The present book is an economic and political history of early America, describing government policies and their effects on marketplace activity. In particular, it

Review of America’s Bank: The Epic Struggle to Create the Federal Reserve by Roger Lowenstein

09/13/2016 Patrick Newman

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) “The problem with economic historians,” Murray Rothbard once quipped, “is that half of them are historians who don’t know any economics and the other half are economists who don’t know

Review of Monetary Regimes and Inflation: History, Economic, and Political Relationships, Second Edition by Peter Bernholz

09/12/2016 Patrick Newman

Quarterly Journal of Austrian Economics 19, no. 2 (Summer 2016) The recent financial crisis of 2007–2008 generated a debate among economists over whether the leading central banks’ unprecedented monetary intervention would spark a massive inflation

Media

A Closer Look at John C. Calhoun

01/16/2026 Ryan McMaken Patrick Newman

When it comes to the great political economist John C. Calhoun, most people love him or hate him. In this episode, economic historian Patrick Newman joins us to take a more balanced look at Calhoun, his origins as a War Hawk and nationalist, and why he was never a true Jeffersonian.

Faculty Panel: Policy and History

07/25/2024 Thomas J. DiLorenzo Patrick Newman Robert P. Murphy Sandra Klein

Mises Institute faculty tackle tough questions on policy, economic history, constitutional interpretation, and practical libertarian strategies in this panel discussion.

Rothbardian Analysis of the Constitution

07/23/2025 Patrick Newman

The Constitution was crafted to centralize political power and protect elite economic interests.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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