Robert F. Mulligan

Robert F. Mulligan

Dean of the School of Business & Economics and Professor of Economics
Hayes 255N


  • Bachelor of Science in Civil Engineering, Illinois Institute of Technology 1983
  • Master of Arts in Economics, State University of New York at Binghamton 1990
  • Doctor of Philosophy in Economics, State University of New York at Binghamton 1993
  • Advanced Studies Certificate in International Economic Policy Research, Institut für Weltwirtschaft Kiel 1995

Research Interests

  • Business Cycle Analysis, Constitutional Political Economy, Maritime Economics, Fractal Analysis of Time Series

Selected Publications

  • “The Wisselbank and Amsterdam Price Volatility: a Fractal Test of the Austrian Fractional-Reserve Banking Hypothesis,” with Chris Guzelian, Thomas Jefferson School of Law, Revista Procesos de Mercado—Journal of Market Processes (2016) vol. 12, no. 2: pp. 13-42.
  • “Panama Canal Expansion: Fuel Economy and Logistical Risk,” with Gary A. Lombardo, United States Merchant Marine Academy, World Maritime University Journal of Maritime Affairs (2016) vol. 15, no. 1: pp. 5-15.
  • “An Empirical Examination of Minsky’s Financial Instability Hypothesis: from Market Process to the Austrian Business Cycle,” with Roger Lirely, University of Texas at Tyler, and David Coffee, Western Carolina University, Journal des Économistes et des Études Humaines (2014) vol. 20, no. 1: pp. 1-17.
  • “Multifractality of Sectoral Price Indices: Hurst Signature Analysis of Cantillon Effects in Disequilibrium Factor Markets,” Physica A: Statistical Mechanics and its Applications(2014) vol. 403C: pp. 252-264.
  • “A Sectoral Analysis of the Financial Instability Hypothesis,” Quarterly Review of Economics and Finance (2013) vol. 53, no. 4: pp. 450-459.
  • “New Evidence on the Structure of Production: Real and Austrian Business Cycle Theory in Light of Minsky’s Financial Instability Hypothesis,” Journal of Economic Behavior and Organization (2013) vol. 89: pp. 67-77.

Selected Previous Employment Positions

  • Acting Associate Graduate Dean, Western Carolina University
  • Professor of Economics and Head, Department of Accounting, Finance, Information Systems, & Economics, College of Business, Western Carolina University
  • Visiting Assistant Professor of Economics & Finance, School of Management, Clarkson University

Selected Awards

  • Excellence in Research Award, College of Business, Western Carolina University, 2015
  • University Scholar Award, Western Carolina University, 2012
  • O.P. Alford III Prize, Ludwig von Mises Institute, 2008, “for the scholarly article published during 2006-2007 that best advances libertarian scholarship,” for “Property Rights and Time Preference,” Quarterly Journal of Austrian Economics (2007) vol. 10, no. 1: pp. 21-47.






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