Personnel Directory


David Howden
Office Location: Padre Arrupe Hall
Telephone: 91 554 58 58 - Ext.: 264
Degrees Ph.D. (Economics, cum laude), Rey Juan Carlos University, Madrid Spain                               
M.A. (Economics), Rey Juan Carlos University, Madrid Spain                                       
BBA (Finance, honors), Wilfrid Laurier University, Waterloo Canada 
Books 2015. (ed., with Per Bylund) The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno. Auburn, AL: Ludwig von Mises Institute.

2014. (ed., with Joseph T. Salerno) The Fed at One Hundred: A Critical View on the Federal Reserve System. New York and London: Springer.

2011. (ed.) Institutions in Crisis: European Perspectives on the Recession. Cheltenham, UK: Edward Elgar.

2011. Deep Freeze: Iceland’s Economic Collapse. Auburn, AL: Ludwig von Mises Institute. with Philipp Bagus.
  1. forthcoming. “Central Bank Balance Sheet Analysis.” Betriebswirtschaftliche Forschung und Praxis. with Philipp Bagus.

  2. forthcoming. “China’s Unsustainable Boom.” Economic Affairs. with Jason Xingbin Li.

  3. forthcoming. “The Interest Rate Break on Maturity Transformation.” Journal of Economic Issues. with Amadeus Gabriel.

  4. forthcoming. “Time Preference and the Process of Civilization.” International Journal of Social Economics. with Joakim Kämpe.

  5. forthcoming. “Why Did China’s Population Grow So Quickly?” The Independent Review. with Yang Zhou.

  6. forthcoming. “Uses and Misuses of Arbitrage in Financial Theory, and a Suggested Alternative.” Journal of Prices & Markets. with Rafael García Iborra. 

  7. forthcoming. “Reassessing the Ethicality of Some Common Financial Practices.” Journal of Business Ethics. with Philipp Bagus and Amadeus Gabriel.

  8. forthcoming. “Rethinking Deposit Insurance on Brokered Deposits.” Journal of Banking Regulation.

  9. forthcoming. “Oil and water do not mix, or: aliud est credere, aliud deponere.” Journal of Business Ethics. with Philipp Bagus and Amadeus Gabriel.

  10. forthcoming. “The Economic and Legal Significance of ‘Full’ Deposit Availability.” European Journal of Law and Economics. with Philipp Bagus.

  11. 2014. “Causes and Consequences of Inflation.” Business and Society Review 119(4): 497-517. with Philipp Bagus and Amadeus Gabriel.

  12. 2014. “Unintended Consequences of China´s One-Child Policy.” Economic Affairs 34(3): 353-69. with Yang Zhou.

  13. 2014. “Fiscal Considerations of Central Bank Recapitalization.” Journal of Prices & Markets 2(2): 36 – 47. with Philipp Bagus.

  14. 2014. “Central Bank Insolvency: Causes, Effects and Remedies.” The Journal of Social, Political and Economic Studies 39(1): 3-23. with Philipp Bagus.

  15. 2014. “Knowledge Flows and Insider Trading.” Review of Austrian Economics 27(1): 45-55.

  16. 2013. “The Rise and Fall of the Icelandic Economy.” The Journal for Social, Political, and Economic Studies 38(4): 389-424.

  17. 2013. “The Icelandic and Irish Banking Crises: Alternative Paths to a Credit-Induced Collapse.” The Independent Review 18(3): 421-39.

  18. 2013. “The Quantity Theory of Money.” Journal of Prices & Markets 1(1): 17-30.

  19. 2013. “Separating the Wheat from the Chaff: Icelandic and Irish Policy Responses to the Banking Crisis.” Economic Affairs 33(3): 348-60.

  20. 2013. “Some Ethical Dilemmas with Modern Banking.” Business Ethics: A European Review 22(3): 235-45. with Philipp Bagus.

  21. 2013. “Deposits, Loans and Banking: Clarifying the Debate.” The American Journal of Economics and Sociology 72(3): 627-44. with Philipp Bagus and Walter Block.

  22. 2012. “Monetary Equilibrium and Price Stickiness: A Rejoinder.” Review of Austrian Economics 25(3): 271-77. with Philipp Bagus.

  23. 2012. “Still Unanswered Quibbles with Fractional Reserve Free Banking.” Review of Austrian Economics. with Philipp Bagus.

  24. 2012 “The Continuing Continuum Problem and Future Goods.” The Journal of Business Ethics. with Philipp Bagus.

  25. 2011. “Unanswered Quibbles: George Selgin Gets it Wrong with Fractional Reserve Free Banking.” Procesos de Mercado: Revista Europea de Economía Política 8(2): 83-111. with Philipp Bagus.

  26. 2011. “Monetary Equilibrium and Price Stickiness: Causes, Consequences, and Remedies.” Review of Austrian Economics 24(4): 383-402. with Philipp Bagus.

  27. 2011. “The Ethics of Tax Evasion.” Business and Society Review 116(3): 375-401. with Philipp Bagus, Walter E. Block, Marian Eabrasu, and Jérémie Rostan.

  28. 2011. “Fractional Reserve Free Banking: Some Quibbles.” Quarterly Journal of Austrian Economics 13(4): 29-55. with Philipp Bagus.

  29. 2011. “Unanswered Quibbles with Fractional Reserve Free Banking.” Libertarian Papers 3(18): 1-24. with Philipp Bagus.

  30. 2010. “Ethics and Monetary Theory: Is There a Common Middle Ground?” Ethics & Politics 12(2): 355-66.

  31. 2010. “The Term Structure of Savings, the Yield Curve, and Maturity Mismatching.Quarterly Journal of Austrian Economics 13(3): 64-85. with Philipp Bagus.

  32. 2010. “Knowledge Shifts and the Business Cycle: When Boom Turns to Bust.” Review of Austrian Economics 23(2): 165-182.

  33. 2009. “Qualitative Easing in Support of  a Tumbling Financial System: A Look at the Eurosystem's Recent Balance Sheet Policies.” Economic Affairs 29(4): 60-65. with Philipp Bagus.

  34. 2009. “The Legitimacy of Loan Maturity Mismatching: A Risky, But Not Fraudulent, Undertaking.” The Journal of Business Ethics 90(3): 399-406. with Philipp Bagus.

  35. 2009. “Fama's Efficient Market Hypothesis and Mises' Evenly Rotating Economy: Comparative Constructs.” The Quarterly Journal of Austrian Economics 12(2): 17-26.

  36. 2009. “The Federal Reserve System and Eurosystem's Balance Sheet Policies During the Financial Crisis: A Comparative Analysis.” Romanian Economic and Business Review 4(3): 165-85. with Philipp Bagus.

  37. 2009. “Money as a Medium of Exchange and Its Evolution: An Elaboration on Mengerian Monetary Economics.” Procesos de Mercado: Revista Europea de Economía Política 6(1): 199-210.

  38. 2008. “Stability of Gold Standard and Its Selected Consequences: A Comment.” Procesos de Mercado: Revista Europea de Economía Política 5(1): 159-175.
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