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Richard M. Salsman is an American economist and lecturer. His work incorporates Objectivist philosophy and supply-side economics . In particular, Salsman admires the ideas of economists such as Jean-Baptiste Say
Jean-Baptiste Say

Jean-Baptiste Say was a France economics and businessman. He had classically liberal views and argued in favour of competition, free trade, and lifting restraints on business....
 and Carl Menger
Carl Menger

Carl Menger was the founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility that refuted the cost-of-production theories of value developed by the classical economics such as Adam Smith and David Ricardo....
  as opposed to more modern supply-siders such as Arthur Laffer
Arthur Laffer

Arthur Betz Laffer , is a supply-side economics economist who became influential during the Ronald Reagan administration as a member of Reagan's Economic Policy Advisory Board ....
. Salsman is most known for his support of the gold standard
Gold standard

The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold....
 and free banking
Free banking

Free banking is a theory of banking in which commercial banks and market forces control the provision of banking services. Under free banking, government central banks and currency boards do not exist, and banking-specific government regulations are either non-existent or not as strict....
, his opposition to central banking , his critiques of the philosophy of Austrian Economists such as Ludwig von Mises
Ludwig von Mises

Ludwig Heinrich Edler von Mises was an Austrian economics, philosopher, and liberalism who had a major influence on the modern libertarianism movement....
 and Friedrich Hayek
Friedrich Hayek

Friedrich August von Hayek Order of the Companions of Honour was an Austrian economist and philosopher known throughout the world for his defense of classical liberalism and free market capitalism against socialism and collectivism thought....
, his work on the causes and consequences of the Great Depression and his homages to the ideas of Jean-Baptiste Say
Jean-Baptiste Say

Jean-Baptiste Say was a France economics and businessman. He had classically liberal views and argued in favour of competition, free trade, and lifting restraints on business....
 .








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Richard M. Salsman is an American economist and lecturer. His work incorporates Objectivist philosophy and supply-side economics . In particular, Salsman admires the ideas of economists such as Jean-Baptiste Say
Jean-Baptiste Say

Jean-Baptiste Say was a France economics and businessman. He had classically liberal views and argued in favour of competition, free trade, and lifting restraints on business....
 and Carl Menger
Carl Menger

Carl Menger was the founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility that refuted the cost-of-production theories of value developed by the classical economics such as Adam Smith and David Ricardo....
  as opposed to more modern supply-siders such as Arthur Laffer
Arthur Laffer

Arthur Betz Laffer , is a supply-side economics economist who became influential during the Ronald Reagan administration as a member of Reagan's Economic Policy Advisory Board ....
. Salsman is most known for his support of the gold standard
Gold standard

The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold....
 and free banking
Free banking

Free banking is a theory of banking in which commercial banks and market forces control the provision of banking services. Under free banking, government central banks and currency boards do not exist, and banking-specific government regulations are either non-existent or not as strict....
, his opposition to central banking , his critiques of the philosophy of Austrian Economists such as Ludwig von Mises
Ludwig von Mises

Ludwig Heinrich Edler von Mises was an Austrian economics, philosopher, and liberalism who had a major influence on the modern libertarianism movement....
 and Friedrich Hayek
Friedrich Hayek

Friedrich August von Hayek Order of the Companions of Honour was an Austrian economist and philosopher known throughout the world for his defense of classical liberalism and free market capitalism against socialism and collectivism thought....
, his work on the causes and consequences of the Great Depression and his homages to the ideas of Jean-Baptiste Say
Jean-Baptiste Say

Jean-Baptiste Say was a France economics and businessman. He had classically liberal views and argued in favour of competition, free trade, and lifting restraints on business....
 .

Work

  • 2000–present: InterMarket Forecasting, Inc. (Chapel Hill, NC
    North Carolina

    North Carolina is a U.S. state located on the Atlantic Seaboard in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north....
    ): founder, president, chief market strategist.
  • 1993–2000: H.C. Wainwright Economics, Inc. (Boston, MA
    Massachusetts

    The Commonwealth of Massachusetts is a U.S. state located in the New England region of the Northeastern United States United States. It borders Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north....
    ): senior vice president and senior economist.
  • 1989–1992: Citibank
    Citibank

    Citibank is a major international bank, founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank is now the consumer banking arm of financial services giant Citigroup, one of the largest companies in the world....
     (New York, NY
    New York

    The State of New York is a U.S. state in the Mid-Atlantic States and Northeastern United States regions of the United States and is the nation's List of U.S....
    ): corporate finance and capital-markets analyst.
  • 1984–1989: The Bank of New York (New York, NY
    New York

    The State of New York is a U.S. state in the Mid-Atlantic States and Northeastern United States regions of the United States and is the nation's List of U.S....
    ): corporate lending officer.


Publications (books and chapters)

  • 2005. “The False Profits of Antitrust
    Antitrust

    United States antitrust law is the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are designed to encourage competition in the marketplace....
    ”, chapter in The Abolition of Antitrust
    Antitrust

    United States antitrust law is the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are designed to encourage competition in the marketplace....
    , edited by Dr. Gary Hull (New Brunswick, NJ
    New Jersey

    New Jersey is a state in the Mid-Atlantic States and Northeastern United States regions of the United States. It is bordered on the north by New York, on the east by the Hudson River and the Atlantic Ocean, on the southwest by Delaware, and on the west by Pennsylvania....
    : Transaction Publishers).
  • 2004–2005. “The Cause and Consequences of the Great Depression” in The Intellectual Activist, .
  • “Part 1: What Made the Roaring ’20s Roar”, June, 2004, pp. 16–24.
  • “Part 2: Hoover’s Progressive Assault on Business”, July, 2004, pp. 10–20.
  • “Part 3: Roosevelt's Raw Deal”, August, 2004, pp. 9–20.
  • “Part 4: Freedom and Prosperity”, January, 2005, pp. 14–23.


  • 1996. “Using Market Prices to Guide Sector Rotation”, chapter in Economic Analysis for Investment Professionals (Charlottesville, VA
    Virginia

    The Commonwealth of Virginia is an United States U.S. state on the East Coast of the United States of the Southern United States. The state is known as the "Old Dominion" and sometimes as "Mother of Presidents", because it is the birthplace of Lists of United States Presidents by place of birth#By state....
    : Association for Investment Management and Research
    CFA Institute

    The CFA Institute is headquartered in the United States of America at Charlottesville, Virginia with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research , the Institute awards the Chartered Financial Analyst designation....
    ).
  • 1995. Gold and Liberty
    Liberty

    Liberty, the freedom to act or believe without being stopped by unnecessary force, is generally considered in modern time to be a concept of political philosophy and identifies the condition in which an individual has the right to act according to his or her own free will....
     (Great Barrington, MA
    Massachusetts

    The Commonwealth of Massachusetts is a U.S. state located in the New England region of the Northeastern United States United States. It borders Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north....
    : American Institute for Economic Research
    American Institute for Economic Research

    American Institute for Economic Research , located in Great Barrington, Massachusetts, is one of the oldest economic research organizations in the United States....
    ).
  • 1993. “Bankers as Scapegoat
    Scapegoat

    The scapegoat was a goat that was driven off into the wilderness as part of the ceremonies of Yom Kippur, the Day of Atonement, in Judaism during the times of the Temple in Jerusalem....
    s for Government
    Government

    Government is the body within any organization that has the authority to make and the power to enforce laws, regulations, or rules. Typically, the government refers to a civil government -- local, provincial, or national -- but commercial, academic, religious, or other formal organizations are also administered by governing bodies....
    -Created Banking Crises in U.S. History”, chapter in The Crisis in America Banking, edited by Dr. Lawrence H. White
    Lawrence H. White

    Basic BiographyLawrence H. White is the F.A. Hayek Professor of Economic History with the University of Missouri?St. Louis Economics department....
     (New York, NY
    New York

    The State of New York is a U.S. state in the Mid-Atlantic States and Northeastern United States regions of the United States and is the nation's List of U.S....
    : New York University
    New York University

    New York University is a private university, nonsectarian, research university in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan....
     Press, 1993).
  • 1993. “‘Corporate Environmentalism
    Environmentalism

    Environmentalism is a broad philosophy and social movement centered on a concern for the Conservation movement and improvement of the environment ....
    ’ and Other Suicidal Tendencies”, chapter in Environmentalism
    Environmentalism

    Environmentalism is a broad philosophy and social movement centered on a concern for the Conservation movement and improvement of the environment ....
    : What Does It Mean for Business?    , edited by Jaana Woiceshyn (Faculty of Management Lecture Series, The University of Calgary
    University of Calgary

    The University of Calgary is a research-intensive public university in Calgary, Alberta, Canada. The University is composed of 24,000 undergraduate and 5,500 graduate students....
    ).
  • 1993. “Bank
    Bank

    A bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money....
    ing without the ‘Too-Big-to-Fail’ Doctrine”, chapter in Bankers and Regulators, edited by Hans Sennholz
    Hans Sennholz

    Hans F. Sennholz was an economist from the Austrian school of economics who studied under Ludwig von Mises. After serving in the Luftwaffe in World War II, he took degrees at the universities of Marburg and K?ln, then moved to the United States to study for a Ph.D....
     (Irvington-on Hudson, NY
    New York

    The State of New York is a U.S. state in the Mid-Atlantic States and Northeastern United States regions of the United States and is the nation's List of U.S....
    : Foundation for Economic Education
    Foundation for Economic Education

    The Foundation for Economic Education was the first modern think tank established in the United States specifically "to study and advance the freedom philosophy." The FEE promotes, researches and promulgates free-market, classical liberal, and libertarianism ideas....
    ).
  • 1993. The Collapse of Deposit Insurance
    Deposit insurance

    Explicit deposit insurance is a measure introduced by policy makers in many countries to protect deposits, in full or in part, in the event of a Bank run or banks....
    —and the Case for Abolition
    Abolition

    Abolition is the act of formally repealing an existing legal practice, either by making it illegal, or simply no longer allowing it to exist in any form....
     (Great Barrington, MA
    Massachusetts

    The Commonwealth of Massachusetts is a U.S. state located in the New England region of the Northeastern United States United States. It borders Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north....
    : American Institute for Economic Research
    American Institute for Economic Research

    American Institute for Economic Research , located in Great Barrington, Massachusetts, is one of the oldest economic research organizations in the United States....
    ).
  • 1990. Breaking the Banks: Central Banking
    Central bank

    A central bank, reserve bank, or monetary authority is the entity responsible for the monetary policy of a country or of a group of member states....
     Problems and Free Banking
    Free banking

    Free banking is a theory of banking in which commercial banks and market forces control the provision of banking services. Under free banking, government central banks and currency boards do not exist, and banking-specific government regulations are either non-existent or not as strict....
     Solutions     (Great Barrington, MA
    Massachusetts

    The Commonwealth of Massachusetts is a U.S. state located in the New England region of the Northeastern United States United States. It borders Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north....
    : American Institute for Economic Research
    American Institute for Economic Research

    American Institute for Economic Research , located in Great Barrington, Massachusetts, is one of the oldest economic research organizations in the United States....
    ).


Education

  • 200x (expected) Duke University
    Duke University

    Duke University is a private university research university located in Durham, North Carolina, North Carolina, United States. Founded by Methodism and Religious Society of Friends in the present-day town of Trinity, North Carolina in 1838, the school moved to Durham in 1892....
     — Ph.D. (political science
    Political science

    Political science is a social science concerned with the theory and practice of politics and the description and analysis of political systems and political behavior....
    )
  • 1988. Stern School of Business, New York University (NYU)
    New York University

    New York University is a private university, nonsectarian, research university in New York City. NYU's main campus is situated in the Greenwich Village section of Manhattan....
    , MBA
    Master of Business Administration

    The Master of Business Administration is a master's degree in business administration, which attracts people from a wide range of academic disciplines....
     (economics
    Economics

    File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
    )
  • 1981. Bowdoin College
    Bowdoin College

    Bowdoin College , founded in 1794, is a private Liberal arts colleges in the United States located in the coastal New England town of Brunswick, Maine, Maine....
    , BA
    Bachelor of Arts

    Bachelor of Arts , from the Latin language Artium Baccalaureus, is an Undergraduate education bachelor's degree awarded for either a course or a program in either the liberal arts, the sciences or both....
     (law
    LAW

    LAW may refer to:* Anti-tank warfare, e.g. the US Army M72 LAW or the British Army LAW 80*Palestinian Society for the Protection of Human Rights ...
     and economics)


Related People

  • Frédéric Bastiat
    Frédéric Bastiat

    Claude Fr?d?ric Bastiat was a French classical liberalism theorist, political economy, and member of the French assembly....
  • Eugen von Böhm-Bawerk
    Eugen von Böhm-Bawerk

    Eugen Ritter von B?hm-Bawerk was an Austrian Empire economist who made important contributions to the development of Austrian School. Trained in the University of Vienna as a lawyer where he read Carl Menger's Principles of Economics. Though he never studied under Menger, he quickly became an adherent of his theories....
  • Alan Greenspan
    Alan Greenspan

    Alan Greenspan is an United States economist and was the Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and providing consulting for firms through his company, Greenspan Associates LLC....
  • Henry Hazlitt
    Henry Hazlitt

    Henry Hazlitt was a Libertarianism philosopher, economist, and journalist for The Wall Street Journal, The New York Times, Newsweek, and The American Mercury, among other publications....
  • Carl Menger
    Carl Menger

    Carl Menger was the founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility that refuted the cost-of-production theories of value developed by the classical economics such as Adam Smith and David Ricardo....
  • Ludwig von Mises
    Ludwig von Mises

    Ludwig Heinrich Edler von Mises was an Austrian economics, philosopher, and liberalism who had a major influence on the modern libertarianism movement....
  • Robert Mundell
    Robert Mundell

    Robert Alexander Mundell, Order of Canada is a professor of economics at Columbia University. Mundell was born in Canada and is a graduate of the University of British Columbia in Vancouver....
  • Ayn Rand
    Ayn Rand

    Ayn Rand , was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her best-selling novels and for developing a philosophical system called Objectivism ....
  • George Reisman
    George Reisman

    George Gerald Reisman is Professor Emeritus of Economics at Pepperdine University and author of Capitalism . He is also the author of an earlier book, The Government Against the Economy , which was praised by F.A....
  • Jean-Baptiste Say
    Jean-Baptiste Say

    Jean-Baptiste Say was a France economics and businessman. He had classically liberal views and argued in favour of competition, free trade, and lifting restraints on business....
  • Friedrich von Wieser
    Friedrich von Wieser

    Friedrich Freiherr von Wieser was an early member of the Austrian School of economics. Born in Vienna the son of a high official in the war ministry, he first trained in sociology and law....


Related Concepts

  • Objectivism
    Objectivism (Ayn Rand)

    Objectivism is a philosophy Smith, Tara. Review of "On Ayn Rand." The Review of Metaphysics 54, no. 3 : 654?655. Retrieved from ProQuest Research Library.Encyclop?dia Britannica , s.v....
     (the philosophy of Ayn Rand
    Ayn Rand

    Ayn Rand , was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her best-selling novels and for developing a philosophical system called Objectivism ....
    )
  • the Austrian School
    Austrian School

    The Austrian School is a Heterodox economics school of economics. It emphasizes the spontaneous organizing power of the price mechanism, holds that the complexity of subjective human choices makes mathematical modelling of the evolving market extremely difficult and therefore advocates a laissez faire approach to the economy....
     of economics
  • Free banking
    Free banking

    Free banking is a theory of banking in which commercial banks and market forces control the provision of banking services. Under free banking, government central banks and currency boards do not exist, and banking-specific government regulations are either non-existent or not as strict....
  • the Gold standard
    Gold standard

    The gold standard is a monetary system in which a region's common media of exchange are paper notes that are normally freely convertible into pre-set, fixed quantities of gold....


External links