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Patrick Newman

Dr. Patrick Newman is a Fellow of the Mises Institute and assistant teaching professor of economics at the University of Tampa. His research interests include macroeconomics, monetary policy, economic history, and cronyism. He is the author of Cronyism: Liberty versus Power in Early America, 1607-1849 (Mises Institute, 2021) and the editor of Murray Rothbard’s Conceived in Liberty: The New Republic, 1784-1791 (Mises Institute 2019) and The Progressive Era (Mises Institute, 2017), His current projects include The Making of a Misesian Economist, coauthored with Joseph Salerno, and Cronyism: Rise of the Corporatist State, 1849-1929.

Articles

Cronyism in America

02/24/2025 The Misesian Patrick Newman

How many times have you seen a politician, businessman, union, or activist group clamoring for the government to do something on the grounds that it will improve the public weal? “We need higher...

Book Review: Surprised Again! The COVID Crises and the New Market Bubble

05/15/2024 Quarterly Journal of Austrian Economics Patrick Newman

Book Review: Slouching towards Utopia: An Economic History of the Twentieth Century

05/20/2024 Quarterly Journal of Austrian Economics Patrick Newman

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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

The Marshall Plan Slush Fund: Cronyism for US Exporters

05/16/2025 Patrick Newman

Did the Marshall Plan save Europe or enrich crony capitalists? Patrick Newman exposes how corporate welfare, hidden deals, and corruption shaped postwar policy, with effects still felt today.

Even the Inventor of GDP Statistics Knew Government Spending Was Dubious

03/30/2025 Robert P. Murphy Patrick Newman

Patrick Newman joins Bob to discuss Simon Kuznets’ role in developing GNP and GDP metrics and Kuznets’ concerns over how government spending is accounted for in economic statistics.

Anti-MMT Panel

03/25/2025 Per Bylund Lucas M. Engelhardt Joshua Mawhorter Jonathan Newman Patrick Newman Joseph T. Salerno

This panel exposes flawed assumptions of Modern Monetary Theory, including the origins of money, government spending, job guarantees, entrepreneurship, and economic growth.

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What is the Mises Institute?

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.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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