main research project: back to Cantillon
Richard Cantillon and his followers emphasize that changes in the quantity of money in the economy take place through changes in the money balances of particular individuals. These changes progress over the economy in a step-by-step fashion and lead to wealth redistributions and to real effects on production processes. Newton’s cradle, which serves as the header of this web page, is a mechanical analogy of Cantillon Effects. A shock to the system has a starting point and it progresses over the system through specific points of time and space.
journal articles
(forthcoming) “Hayek’s Theory of Business Cycles: Theory That Will Remain Obscure.” Journal of Private Enterprise.
(2018) “Lucas and Hume on Monetary Non-Neutrality: A Tension between the Logic and the Technique of Economics.” Eastern Economic Journal 44, 364-380, doi: 10.1057/s41302-017-0104-3.
(2018) “Intertemporal Capital Substitution and Hayekian Booms.” Review of Austrian Economics 31, 277-300, doi: 10.1007/s11138-017-0379-y.
(2018) “Entrepreneurial Errors in a Kaleidic Democracy.” Journal of Private Enterprise 33, 53-66.
(2018) “The International Business Cycle as a Coordination Failure.” Review of Austrian Economics, forthcoming, doi: 10.1007/s11138-014-0271-y.
(2015) “Neutral Money: Historical Fact or Analytical Artifact?” Review of Austrian Economics 28, 139-150, 2015, doi: 10.1007/s11138-014-0271-y. (Co-authored with Richard E. Wagner)
book reviews
(2015). Review of L. Randall Wray, ed., ‘Theories of Money and Banking.’ Journal of the History of Economic Thought 37, 658-660, doi: 10.1017/S1053837215000619.
(2013). Review of Arie Arnon ‘Monetary Theory and Policy from Hume and Smith to Wicksell: Money, Credit, and the Economy.’ Journal of the History of Economic Thought 35, 550-552, doi: 10.1017/S1053837213000370.
(2013). Review of Robert E. Lucas, and Max Gillman ‘Collected Papers on Monetary Theory.’ Journal of the History of Economic Thought 35, 552-554, doi: 10.1017/S1053837213000382.
work in progress
You can find my working papers on SSRN