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Patrick Newman

Works Published inSpeeches and PresentationsQuarterly Journal of Austrian Economics

AwardsDouglas E. French Prize at Mises UniversityLawrence W. Fertig Prize in Austrian Economics

Patrick Newman is a Ph.D. student in economics at George Mason University.

All Works

The Money Myths Behind the Creation of the Federal Reserve

The FedMoney and BanksU.S. EconomyU.S. HistoryMoney and Banking

Roger Lowenstein's new book on the Federal Reserve relies on some well-worn myths about the monetary history of the United States.

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

The Fed

09/13/2016Quarterly Journal of Austrian Economics
America’s Bank is a mixed bag. Lowenstein ignores history and tells the narrative from a central bank bias when there were rival reforms at play...

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

Booms and BustsMoney and Banking

09/12/2016Quarterly Journal of Austrian Economics
The book is informative about inflation in all periods of human history, and researchers looking for concise overviews will find much use in it.

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From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard's Production Theory

Production Theory

03/23/2016Quarterly Journal of Austrian Economics
This paper analyzes a recently reconstructed proto-chapter of Rothbard’s Man, Economy, and State tentatively titled “Chapter 5: Producer’s Activity.” In it, Rothbard used many concepts of standard neoclassical microeconomic analysis that he would later criticize, such as...

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Man, Economy and State, Original Chapter 5: Producer's Activity

History of the Austrian School of EconomicsProduction Theory

03/22/2016Quarterly Journal of Austrian Economics
This present work is an unpublished chapter of Murray N. Rothbard's Man, Economy, and State. In it, Rothbard discussed the optimal production and investment decision of the producer, and used familiar analytical tools such as perfect competition, the isoquant-isocost framework, and the...

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