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Patrick Newman

Tags U.S. EconomyMoney and BankingProduction Theory

Works Published inSpeeches and PresentationsQuarterly Journal of Austrian Economics

AwardsLawrence W. Fertig Prize in Austrian EconomicsDouglas E. French Prize at Mises University

Dr. Patrick Newman, a Fellow of the Mises Institute, is assistant professor of economics at Florida Southern College and a Fellow of its Center for Free Enterprise. He completed his PhD in economics at George Mason University. His primary research interests include Austrian economics, monetary theory, and late 19th- and early 20th-century American economic history. He is the editor of Murray Rothbard's The Progressive Era (Mises Institute, 2017).

All Works

The Money Myths Behind the Creation of the Federal Reserve

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

Blog01/18/2017
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 perfectly competitive...
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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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