Joseph Salerno
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Joseph T. Salerno is an Austrian School economist in the United States.
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[edit] Early life
In an autobiographical essay, Salerno describes his parents as "first generation Italian-Americans." Salerno says that after witnessing his "New Deal Democrat" father's disdain for a relative who declared himself a communist,
- I quickly became an ardent anti-Communist but knew little else about politics or political philosophy until Barry Goldwater began to campaign for the Republican nomination for President when I was 13 years old. His firebrand anti-Communism greatly appealed to me at the time and after reading an article about him in Life Magazine in late 1963, I became aware of the conservative-liberal political spectrum and immediately proclaimed myself a conservative, much to my father’s chagrin.[1]
[edit] Education
It was while he was a high school student that Salerno read Goldwater's Conscience of a Conservative as well as Ayn Rand's Anthem and Atlas Shrugged and determined that he wanted to study economics. In 1968, Salerno began his freshman year at Boston College. While attending Boston College as an undergraduate, Salerno encountered an article written by Murray Rothbard and was converted to what Salerno describes as "the pure libertarian position... anarchocapitalism." It was this experience that Salerno credits with piquing his interest in the Austrian School.[1]
Upon his graduation from Boston College in 1972, Salerno enrolled in the graduate economics program at Rutgers University from which he received his M.A. in 1976 and his Ph.D. in 1980. Salerno was one of a handful of economists to attend the seminal June 1974 Austrian economics conference in South Royalton, Vermont.
[edit] Career in economics
Salerno is a professor of economics at Pace University. He is also the chair of the economics graduate program.[2] He is also a senior faculty member of the Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute's Quarterly Journal of Austrian Economics. Salerno wrote an introduction for and edited the 2002 and 2005 Mises Institute editions of Murray Rothbard's A History of Money and Banking in the United States.
He has written scholarly articles on:
- Monetary theory and Policy
- Banking
- Comparative economic systems
- History of economic thought
- Macroeconomic analysis
Salerno's writings on the history of thought in economics has been cited by Peter Boettke (who also uses Salerno's work in his classes at George Mason University[3]), Israel Kirzner,[4] and others.[5]
[edit] Praise of Hans Sennholz
He has notably praised Hans Sennholz as an under-appreciated member of the Austrian School who,
- ...writes so clearly on such a broad range of topics that he is in danger of suffering the same fate as Say and Bastiat. As Joseph Schumpeter pointed out, these two brilliant nineteenth-century French economists, who were also masters of economic rhetoric, wrote with such clarity and style that their work was misjudged by their British inferiors as "shallow" and "superficial."[6]
[edit] Notes
- ^ a b Salerno, Joseph. "It Usually Ends With Murray Rothbard." LewRockwell.com. 23 June 2005.[1]
- ^ "Faculty Department Listing." Lubin School of Business. Pace University.[2]
- ^ Boettke, Peter. "Syllabus: Austrian Theory of the Market Process II." George Mason University. [3]
- ^ Kirzner, Israel M.. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach." Journal of Economic Literature. March 1997. [4]
- ^ "Works citing 'Salerno: The Place of Mises’s Human Action in the Development of Modern Economic Thought.'" Google Scholar. Retrieved 16 July 2007. [5]
- ^ Salerno, Joseph. "Hans Sennholz, Teacher and Theorist." Mises.org. 3 February 2003. [6]
