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Patrick Newman

Location Barney Barnett School of Business and Free Enterprise #104
Phone 863.680.4274
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Patrick Newman, Ph.D.

Assistant Professor in Economics

I strive in all my classes to teach economic principles in a clear and engaging way and use both theoretical and historical insights in order to facilitate learning. Moreover, in all of my classes I strive to emphasize the importance of the entrepreneur and private property rights. I make sure to engage the students through open ended discussion and questions, and expose them to new ideas through advanced readings and other source material.”

Dr. Patrick Newman is an Assistant Professor of Economics and a Center for Free Enterprise Fellow. Dr. Newman completed his economics Ph.D. at George Mason University and is an associate scholar of the Ludwig von Mises Institute. His primary research interests include Austrian economics, monetary theory, and late 19th and early 20th century American economic history.

Education

George Mason University, PhD in Economics, 2013-2016, Masters in Economics, 2015
Rutgers University, New Brunswick, B.A in Economics and Mathematics, 2010-2013
Loyola University, Maryland, 2009-2010

Honors and Awards

  • 2017 Mises Institute Postdoctoral Summer Fellowship
  • 2016 Mercatus Center Graduate Student Summer Research Fellowship
  • 2016 Israel M. Kirzner Award for Outstanding Dissertation in Austrian Economics
  • 2016 Lawrence W. Fertig Prize for “The Depression of 1873-1879: An Austrian Perspective” 
  • 2016 APEE Young Scholar’s Award
  • 2015-2016 Mercatus Center Graduate Fellow
  • 2015-2016 Provost Supplemental Stipend Enhancement
  • 2015-2016 Mercatus Center PhD Fellowship
  • 2015-2016 Humane Studies Fellowship
  • 2015 Mercatus Center Graduate Student Summer Research Fellowship
  • 2015 Weaver Family Summer Fellow
  • 2015 APEE Young Scholar’s Award
  • 2014-2015 Provost Supplemental Stipend Enhancement
  • 2014-2015 Mercatus Center PhD Fellowship
  • 2014-2015 Humane Studies Fellowship
  • 2014 Mercatus Center Graduate Student Summer Research Fellowship
  • 2013-2014 Mercatus Center PhD Fellowship
  • 2013-2014 Humane Studies Fellowship
  • 2013 Mises Institute Summer Fellowship
  • 2013 Sidney I. Simon Award for Outstanding Honors Research Thesis
  • 2013 Henry Rutgers Scholar Award
  • 2013 Highest Honors for Economics Senior Thesis
  • 2012 Carl Menger Undergraduate Essay Contest Winner (One of three)
  • 2012 Douglas E. French Prize in Mündliche Prüfung (1st place)
  • 2012 Mises Institute Summer Fellowship
  • 2012 Austrian Student Scholar’s Conference Prize (3rd place)

Publications and Exhibitions

Edited Books

  • Roots of the Modern State: The Progressive Era, by Murray Rothbard (Auburn AL: Ludwig von Mises Institute, 2017).
Journal Articles
  • “Origins of the National Banking System: The Chase-Cooke Connection and the New York City Banks.” Independent Review (Winter 2018). Link to Paper
  • “The Consequences of Keynes.” Journal of Markets and Morality forthcoming (Coauthored with Peter Boettke). Link to Paper
  • “The Depression of 1920-1921: A Credit Induced Boom and a Market Based Recovery?” The Review of Austrian Economics (2016) 29(4): 387-414. Link to Paper
  • “The History of a Tradition: Austrian Economics from 1871 to 2016.” Research in the History of Economic Thought and Methodology (2016) 34A: 199-243. (Coauthored with Peter Boettke & Christopher Coyne) Link to Paper Link to SSRN draft
  • “Expansionary Monetary Policy at the Federal Reserve in the 1920s.” Advances in Austrian Economics (2016) 20:105-134. Link to Paper Link to SSRN draft
  • “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory.” The Quarterly Journal of Austrian Economics (2015) 18(4): 456-486. Link to Paper
  • “Editor’s Foreword to Man, Economy, and State, Original Chapter 5: Producer’s Activity.” The Quarterly Journal of Austrian Economics (2015) 18(4): 487-561. Link to Paper
  • “The Depression of 1873-1879: An Austrian Perspective.” The Quarterly Journal of Austrian Economics (2014) 17(4):474-509. Link to Paper
  • “Rothbard’s Time Market and the Demand for Present Goods.” The Quarterly Journal of Austrian Economics (2014) 17(1):46-66. Link to Paper
Book Chapters
  • “From Marshallian Partial Equilibrium to Austrian General Equilibrium: The Evolution of Rothbard’s Production Theory.” in The Economic Theory of Costs: Foundations and New Directions. Matthew McCaffrey, ed., forthcoming. Link to Paper
  •  “The Keynesian Liquidity Trap: An Austrian Critique.” in Whats Wrong with Keynesian Economic Theory? Steven Kates, ed., (Cheltenham, UK: Edward Elgar, 2016) (Coauthored with Peter Boettke) Link to Paper
Book Reviews
  •  “Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era.” By Thomas Leonard. The Independent Review, (2017) 21(3). Link to Paper
  • “Hall of Mirrors: The great depression, the great recession, and the uses-and misuses-of history.” By Barry Eichengreen. The Review of Austrian Economics, (2017) 30(1): 131-35. Link to Paper
  • “America’s Bank: The Epic Struggle to Create the Federal Reserve.” By Roger Lowenstein. The Quarterly Journal of Austrian Economics, (2016) 19(2): 192-99. Link to Paper
  • “Monetary Regimes and Inflation: History, Economic, and Political Relationships 2nd Ed.” By Peter Bernholz. The Quarterly Journal of Austrian Economics, (2016) 19(2): 187-191. Link to Paper
  • “The Origins, History, and Future of the Federal Reserve.” Edited by Michael Bordo and William Roberds. The Quarterly Journal of Austrian Economics, (2015) 18(1): 65-74. Link to Paper