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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

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This present work is an unpublished chapter of Murray N. Rothbard's Man, Economy, and State.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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Review of The Origins, History, and Future of the Federal Reserve: A Return to Jekyll Island by Michael D. Bordo and William Roberds

The Fed

04/30/2015Quarterly Journal of Austrian Economics
Recently the Federal Reserve reached its one hundred year anniversary. This milestone provided a nice occasion for economists to analyze the Fed’s performance in the past century...

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The Depression of 1873–1879: An Austrian Perspective

Booms and BustsAustrian Economics OverviewHistory of the Austrian School of Economics

02/02/2015Quarterly Journal of Austrian Economics
Earlier drafts of this paper were presented at the 2012 Mises Institute Summer Fellowship program, the 2012 Society for the Development of Austrian Economics (SDAE) meeting, two 2013 IHS colloquia, and at a 2013 Mercatus Center Graduate Student Paper Workshop (GSPW) roundtable discussion. The...

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Rothbard's Time Market and the Demand for Present Goods

Production Theory

08/21/2014Quarterly Journal of Austrian Economics
This paper defends the Rothbardian theory which states that the proportion of consumption spending relative to investment spending is systematically related to the interest rate through time preference in society,


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