ALEXANDER WILLIAM SALTER
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Curriculum Vitae

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Books

Money and the Rule of Law: Generality and Predictability in Monetary Institutions.  Cambridge University Press, May 2021 (with Peter Boettke and Daniel Smith)

Journal Articles

"Can Dollarization Constrain a Populist Leader?"  Journal of Economic Behavior and Organization​ 200(1) 2022:  430-442 (with Nicolas Cachanosky and Ignacio Savanti)

"
Evolution, Uncertainty, and the Asymptotic Efficiency of Policy."  Public Choice​ 192(1-2) 2022: 169-188 (with Brian Albrecht and Joshua Hendrickson)

"
The Federal Reserve's Response to the COVID-19 Contraction: An Initial Appraisal."​  Southern Economic Journal 87(4) 2021: 1152-1174 (with Nicolas Cachanosky, Bryan Cutsinger, Thomas Hogan, and William Luther)

"The Fundamental Coase of Development: Property Rights Foundations of the Effective State."  Journal of Institutional Economics​ 17(1) 2021: 37-52 (with Ennio Piano)

"Constitutionalism, Liberalism, and Political Entrepreneurship."  Advances in Austrian Economics​ 25 2020: 173-189

"Malignant Monetary Monocentricity."  Independent Review 25(2) 2020.

"Ideologies, Institutions, and Interests: Why Ideas Don't Compete on a Level Playing Field."  Independent Review​ 25(1) 2020: 63-78 (with Justin Callais)


"State Capacity and Economic Development: Causal Mechanism or Correlative Filter?"  Journal of Economic Behavior and Organization 170 (1) 2020: 372-385 (with Vincent Geloso)

"Options to the Realm: A Cost Neutral Proposal to Improve Political Incentives."  Contemporary Economic Policy 38(3) 2020: 515-529 (with Joshua Hendrickson)

"The Super-Alertness of Central Banks."  Review of Austrian Economics 33(1-2) 2020: 187-200 (with Nicolas Cachanosky)

"Private Prerogative, Public Purpose: Public Entrepreneurship and Management in Frederick the Great's Anti-Machiavel."  Journal of Private Enterprise​ 35(1) 2020: 1-28

​​
​"A Theory of Self-Governance: De Facto Constitutions as Filters."  Journal of Public Finance and Public Choice​ 34(2) 2019: 127-147 (with Justin Callais)

​"Rawlsian Originalism."  Jurisprudence​ 10(3) 2019: 334-353 (with Brian Kogelmann)

"Settling the Final Frontier: The ORBIS Lease and the Possibilities of Proprietary Communities in Space."  Journal of Air Law and Commerce 84(1) 2019: 85-116
​ 
"Governing the Banking System: An Assessment of Resilience Based on Elinor Ostrom's Design Principles."  Journal of Institutional Economics 15(3) 2019: 505-519 (with Vlad Tarko)
​     Mathematical appendix available here.
     Finalist, Elinor Ostrom Prize 2020, World Interdisciplinary Network for Institutional Research

"Expectations and NGDP Targeting: Supply-Side Problems with Demand-Side Policy."  Journal of Private Enterprise​ 34(3): 89-106 (with Thomas Hogan)

"Constitutional Catallaxy: Friends and Enemies in an Open-Ended Social Order."  Journal of Public Finance and Public Choice​ 34(1) 2019: 83-94 (with Richard Wagner)

"Adaptation and Central Banking."  Public Choice​ 180(3-4) 2019: 243-256 (with William Luther)

"Polycentric Sovereignty: The Medieval Constitution, Governance Quality, and the Wealth of Nations."  Social Science Quarterly​ 100(4) 2019: 1241-1253 (with Andrew Young)

"The Other Space Race: Some Law and Economics of Celestial Resource Appropriation."  Georgia Journal of International and Comparative Law​ 47(1) 2018: 1-20

"The Constitution of Economic Expertise: Social Science in the Public Square, Past and Present."​  Christian Libertarian Review​ 2 2019: 52-88

"Political Economists or Political Economists?  The Role of Political Environments in the Formation of Fed Policy Under Burns, Greenspan, and Bernanke."  Quarterly Review of Economics and Finance 71 2019: 1-13 (with Daniel Smith)

"Sovereign Entrepreneurship."  Journal of Entrepreneurship and Public Policy​ 7(4) 2018: 411-427

"Institutional Resilience in Banking Systems."  Libertas: Segunda Época 3(2) 2018: 59-68

"Would a Free Banking System Stabilize NGDP Growth?"  Quarterly Review of Economics and Finance​ 70 2018: 21-25 (with Andrew Young)

"A Theory of Self-Enforcing Monetary Constitutions with Reference to the Suffolk System, 1825-1858."  (with Andrew Young)
1825-1858
."  Journal of Economic Behavior and Organization​ 156 2018: 13-22 (with Andrew Young)

"Preventing Plunder: National Defense, Capital Taxation, and Economic Development."  Journal of Macroeconomics​ 58 2018: 154-173 (with Joshua Hendrickson and Brian Albrecht)​

"Political Entrepreneurship, Emergent Dynamics, and Constitutional Politics."  Review of Social Economy ​76(3) 2018: 281-301 (with Richard Wagner)

"Money as Meta-Rule: Buchanan's Constitutional Economics as a Foundation for Monetary Stability."  Public Choice​ 176(3) 2018: 529-555 (with Peter Boettke and Daniel Smith)

"Going Beyond Monetary Constitutions: The Congruence of Money and Finance."  Quarterly Review of Economics and Finance​ 69(3) 2018: 22-28 (with Joshua Hendrickson)

"Medieval Representative Assemblies: Collective Action and Antecedents of Limited Government."  Constitutional Political Economy 29(2) 2018: 171-192 (with Andrew Young)

"Emergent Politics and Constitutional Drift: The Fragility of Procedural Liberalism."  Journal of Entrepreneurship and Public Policy 7(1) 2018: 34-50 (with Glenn Furton)

"Dead Ends and Living Currents: Distributism as a Progressive Research Program."  Christian Libertarian Review 1(1) 2018: 118-139 (with Gene Callahan)

"Money and the Rule of Law."  Review of Austrian Economics 30(4) 2017: 517-532 (with Glenn Furton)

"Bitcoin and the Bailout."  Quarterly Review of Economics and Finance​ 66(4) 2017: 50-56 (with William Luther)

"Private Governance and the Pricing of Political Enterprises."  Journal of Business Valuation and Economic Loss Analysis​ 12(1) 2017.  Lead article (with Glenn Furton)

"Ordering the Cosmos: Private Law and Celestial Property Rights."  Journal of Air Law and Commerce​ 82(2) 2017: 311-322

"The View from Vienna: An Analysis of the Renewed Interest in the Mises-Hayek Theory of the Business Cycle."  Review of Austrian Economics​ 30(2) 2017: 169-192 (with Nicolas Cachanosky)

"What You Don't Know Can Hurt You: Knowledge Problems in Monetary Policy."  Contemporary Economic Policy​ 35(3) 2017: 505-517 (with Daniel Smith)​

"Polycentric Banking and Macroeconomic Stability."  Business and Politics 19(2) 2017: 365-395 (with Vlad Tarko)

"Constitutional Drift and Political Dysfunction: Underappreciated Maladies of the Political Commons."  Independent Review ​21(4) 2017: 569-585

“Extended Shareholder Liability as a Means to Constrain Moral Hazard in Insured Banks.”  Quarterly Review of Economics and Finance​ 63 2017: 153-160 (with Vipin Veetil and Lawrence White)
     Reprinted as “Reducing Banks’ Incentives for Risk-Taking via Extended Shareholder Liability,” in Prosperity Unleashed:                   Smarter Financial Regulation, N. Michels, ed., pp. 295-303. Washington, DC: Heritage Foundation

"Strategic Offsetting Behavior in the NBA: The Case of the Mikan Rule."  Journal of Sports Economics ​18(2) 2017: 126-139

"Playing at Markets: A New Austrian Perspective on Macroeconomic Policy."  Review of Austrian Economics​ 30(1) 2017: 39-49

"The Personal and the Political: Implications of Constitutional Entrepreneurship."  NYU Journal of Law and Liberty​ 10(2) 2017: 587-607

"Political Property Rights and Governance Outcomes: A Theory of the Corporate Polity."  Journal of Private Enterprise 31(4) 2016: 1-20

"Some Political Economy of Monetary Rules."  Independent Review​  21(3) 2016: 443-464

"Money, Liquidity, and the Structure of Production."  Journal of Economic Dynamics and Control​ 73 2016: 314-328 (with Joshua Hendrickson)

"Post-Cameralist Governance: Towards a Robust Political Economy of Bureaucracy."  Economic Affairs​ 36(3) 2016: 294-308

"A Theory of Why the Ruthless Revolt."  Economics and Politics​ 28(3) 2016: 295-316 (with Joshua Hendrickson)

"The Optimal Austrian Business Cycle Theory."  Advances in Austrian Economics 20 2016: 45-60 (with William Luther)

“Robust Political Economy and the Lender of Last Resort.”  Journal of Financial Services Research 50(1) 2016: 1-27

"Space Debris: A Law and Economics Analysis of the Orbital Commons."  Stanford Technology Law Review​ 19(2) 2016: 221-238

“Endogenous Currency Formation in an Online Environment: The Case of Diablo II.”  Review of Austrian Economics 29(1) 2016: 53-66  (with Solomon Stein)

"Rights to the Realm: Reconsidering Western Political Development."  American Political Science Review 109(4) 2015: 725-734

"Sovereignty as Exchange of Political Property Rights."  Public Choice 165(1) 2015: 79-96

​"Calculating Bandits: Quasi-Corporate Governance and Institutional Selection in Autocracies."  Advances in Austrian Economics 19 2015: 193-213 (with Abigail Hall)

"Calhoun's Concurrent Majority as a Generality Norm."  Constitutional Political Economy 26(3) 2015: 375-390

"A Monarchical Perspective on Constitutional Governance: H.S.H. Prince Hans-Adam II of Liechtenstein and The State in the Third Millennium."  Journal of Private Enterprise 30(1) 2015: 121-130

“Currency Emergence in Absence of State Influence: The Case of Diablo II.”  Cosmos + Taxis: Studies in Emergent Order and Organization 2(2) 2015: Article 3 (with Solomon Stein)

"Ben Bernanke and Bagehot's Rules."  Journal of Money, Credit, and Banking 47(2-3) 2015: 333-348 (with Thomas Hogan and Linh Le)

“Tullock’s Challenge: A Reconsideration of Constitutional Monarchy.” Procesos de Mercado: Revista Europea de Economía Política 11(2) 2014: 51-81 (with David Hebert) 

“Synthesizing State and Spontaneous Order Theories of Money.”  Advances in Austrian Economics 18 2014: 161-178 (with William Luther)

"Debt Erosion and the Market Process."  Economic Affairs 34(3) 2014: 370-378
     Vernon Smith Prize 2013 (1st place), European Center of Austrian Economics Foundation

"Celestial Anarchy: A Threat to Outer Space Commerce?"  Cato Journal 34(3) 2014: 581-596 (with Peter Leeson) 

"A Theory of the Dynamics of Entangled Political Economy with Application to the Federal Reserve."  Journal of Public Finance and Public Choice 30(1-3) 2012 [2014]: 77-102

“Is There a Self-Enforcing Monetary Constitution?”  Constitutional Political Economy 25(3) 2014: 280-300
     Prize for Best Paper in Austrian Economics 2014, Foundation for Economic Education

"James Buchanan and Contractarian Anarchy."  Journal of Prices and Markets 2(2) 2014: 48-58

"The Imprudence of Macroprudential Policy."  Independent Review 19(1) 2014: 5-18 (lead article)

“Not All NGDP is Created Equal: A Critique of Market Monetarism.”  Journal of Private Enterprise 29(1) 2013: 41-52
     2013 Journal of Private Enterprise Best Paper Award, Association of Private Enterprise Education

“Aggregates and Methodological Individualism: A Relational Approach.”  New Perspectives on Political Economy 9(1) 2013: 5-23

“Monetary Equilibrium and Price Stickiness Reconsidered: A Reply to Bagus and Howden.”  Review of Austrian Economics 25(3) 2012: 263-269 (with William Luther)

“Christian Anarchism: Communitarian or Capitalist?”  Libertarian Papers 4(1) 2012: 151-162

Contributions to Edited Volumes

"Political Property Rights and Entangled Political Economy."  In Emergence, Entanglement, and Political Economy (New York: Springer, 2021), eds. David Hebert and Diana Thomas, pp. 111-123

"Doing Liberal Political Economy: James M. Buchanan as Exemplar."  In James M. Buchanan: A Theorist of Political Economy and Social Philosophy (New York: Palgrave Macmillan, 2018), ed. Richard E. Wagner, pp. 649-670 (with Glenn Furton)

Book Reviews

"Jason Brennan and Phil Magness, Cracks in the Ivory Tower: The Moral Mess of Higher Education."  Review of Austrian Economics 34(1) 2021: 161-171

"Mervyn K. Lewis and Ahmad Kaleem, Religion and Finance: Comparing the Approaches of Judaism, Christianity, and Islam."  Journal of Markets and Morality 23(2) 2020: 416-420

"Mary Hirschfeld, Aquinas and the Market: Toward a Humane Economy."  Christian Libertarian Review 3 2020: R6-R16

"Paul Dragos Aligica, Peter Boettke, and Vlad Tarko, Public Governance and the Classical-Liberal Perspective: Political Economy Foundations."  Public Choice 183(1-2) 2020: 211-214

"James Halteman and Edd Noell, Reckoning with Markets: Moral Reflection in Economics."  Christian Libertarian Review 2 2019: R25-R29

"Roger Koppl, Expert Failure."  Public Choice 175(1-2) 2018: 215-217

​
"Richard M. Salsman, The Political Economy of Public Debt: Three Centuries of Theory and Evidence."  Independent Review 22(4) 2018: 632-634

"Giuseppe Eusepi and Richard E. Wagner, Public Debt: An Illusion of Democratic Political Economy."  Public Choice 174(3-4) 2018: 407-409

"Richard E. Wagner, James M. Buchanan and Liberal Political Economy: A Rational Reconstruction."  Public Choice 173(1-2) 2017: 241-243

"Leonidas Zelmanovitz, 
The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions."  Review of Austrian Economics 30(3) 2017: 397-400


"Alexander MacDonald, The Long Space Age:  The Economic Origins of Space Exploration from Colonial America to the Cold War​."  EH.net

"Jason Brennan, Against Democracy."  Public Choice 170(1) 2016: 171-173

​"Richard E. Wagner, Politics as a Peculiar Business: Insights from a Theory of Entangled Political Economy."  Public Choice 167(3) 2016: 291-293

"John S. Lewis, Asteroid Mining 101: Wealth for the New Space Economy."  Independent Review, 20(3) 2016: 458-459

"Peter J. Boettke and Christopher J. Coyne (eds.), The Oxford Handbook of Austrian Economics."  Public Choice 165(1) 2015: 165-167

"Richard H. Timberlake, Constitutional Money: A Review of the Supreme Court's Monetary Decisions."  Independent Review 20(1) 2015: 144-147


“David Emanuel Andersson and Stefano Moroni (eds.), Cities and Private Planning: Property Rights, Entrepreneurship, and Transaction Costs.”  Public Choice 162(3) 2015: 467-469

"Marcus Nunes and Benjamin Cole, Market Monetarism: Roadmap to Economic Prosperity."  Review of Austrian Economics 28(1) 2015: 107-113

"Cheryl Shondhardt-Bailey, Deliberating American Monetary Policy: A Textual Analysis."  Public Choice 160(1) 2014: 283-286

Working Papers

"Monepiscopacy: A Rational Choice Account."  (with Wilson Whitener)

Address

Rawls College of Business
Texas Tech University
703 Flint Ave.
​Lubbock, TX 79409

Links

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