Antal E. Fekete

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Antal E. Fekete, Professor of Mathematics and Statistics, Memorial University of Newfoundland, is a proponent of the gold standard and critic of the current monetary system.

His theories fall into no one school of economic thought, but his support of the gold standard has similarities to Austrian Economics; however, Fekete's treatment of fractional-reserve banking is different from that of Murray Rothbard and Ludwig von Mises.

Antal E. Fekete was born in Budapest, Hungary, in 1932. He graduated from the Loránt Eötvös University of Budapest in mathematics in 1955. He left Hungary in the wake of the 1956 anti-Communist uprising that was put down by the occupying Soviet troops.

He immigrated to Canada in the following year and was appointed Assistant Professor at the Memorial University of Newfoundland in 1958. In 1993, after 35 years’ of service he retired with the rank of Full Professor.

During this period he also had tours of duty as visiting professor at Columbia University in the City of New York (1961), Trinity College, Dublin, Ireland (1964), Acadia University, Wolfville, Nova Scotia (1970), Princeton University, Princeton, New Jersey (1974). Since 2005 he has been Professor at Large of Intermountain Institute for Science and Applied Mathematics (IISAM), Missoula, Montana.

It should be noted that mainstream economic theorists criticize gold standard-oriented monetary economists and monetary reformers such as Professor Fekete as "fringe" or "amateur" economists, not worthy of serious study. Professor Fekete has never held a teaching position in the economics department of any prominent university.