'''Joseph T. Salerno''' is an [[Austrian School]] [[economist]] in the [[United States]]. A professor at [[Pace University]], Salerno is an active scholar in the areas of [[bank|banking]] and [[monetary economics|monetary theory]], [[Comparative economic systems|comparative economics]], and the [[history of economic thought]].
'''Joseph T. Salerno''' is an [[Austrian School]] economist in the [[United States]]. He is a professor at [[Pace University]], an editor of the [[Quarterly Journal of Austrian Economics]], and Academic Vice President of the [[Mises Institute]]. Salerno specializes in [[monetary theory and policy]], [[comparative economics]], and the history of economic thought. Dr. Salerno received his Ph.D. in economics from Rutgers University. His most recent publication is [[Money: Sound and Unsound]].
==Early life==
== Links ==
In an autobiographical essay, Salerno describes his parents as "first generation [[Italian-Americans]]." Salerno says that after witnessing his "[[New Deal]] [[Democratic Party (United States)|Democrat]]" father's disdain for a relative who declared himself a [[communist]],
{{Contact faculty|salerno@mises.com }}
*[http://mises.org/fellow.aspx?id=17 Homepage] on [[Mises Institute|Mises.org]]
:''I quickly became an ardent anti-Communist but knew little else about politics or political philosophy until [[Barry Goldwater]] began to campaign for the [[Republican Party (United States)|Republican]] nomination for President when I was 13 years old. His firebrand anti-Communism greatly appealed to me at the time and after reading an article about him in [[Life Magazine]] in late 1963, I became aware of the [[conservatism|conservative]]-[[liberalism|liberal]] political spectrum and immediately proclaimed myself a conservative, much to my father’s chagrin.''<ref name="autobio"> Salerno, Joseph. "It Usually Ends With Murray Rothbard." ''[[LewRockwell.com]]''. 23 June 2005.[http://www.lewrockwell.com/orig6/salerno1.html]</ref>
==Education==
It was while he was a [[high school]] student that Salerno read Goldwater's ''[[Conscience of a Conservative]]'' as well as [[Ayn Rand]]'s ''[[Anthem (novella)|Anthem]]'' and ''[[Atlas Shrugged]]'' and determined that he wanted to study economics. In 1968, Salerno began his freshman year at [[Boston College]]. While attending [[Boston College]] as an undergraduate, Salerno encountered an article written by [[Murray Rothbard]] and was converted to what Salerno describes as "the pure [[libertarian]] position... [[anarcho-capitalism|anarchocapitalism]]." It was this experience that Salerno credits with piquing his interest in the Austrian School.<ref name="autobio" />
Upon his graduation from Boston College in 1972, Salerno enrolled in the graduate economics program at [[Rutgers University]] from which he received his [[Master's degree|M.A.]] in 1976 and his [[Doctor of Philosophy|Ph.D.]] in 1980. Salerno was one of a handful of economists to attend the seminal June 1974 Austrian economics conference in South Royalton, [[Vermont]].
==Career in economics==
Salerno is a professor of economics at [[Pace University]]. He is also the chair of the economics graduate program.<ref>"Faculty Department Listing." Lubin School of Business. Pace University.[http://appserv.pace.edu/execute/page.cfm?doc_id=5585]</ref> He is also a senior faculty member of the [[Mises Institute]], for which he frequently lectures and writes, and he serves as editor of the Institute's [[Quarterly Journal of Austrian Economics]]. Salerno wrote an introduction for and edited the 2002 and 2005 Mises Institute editions of [[Murray Rothbard]]'s ''[[A History of Money and Banking in the United States]]''.
He has written scholarly articles on:
* [[Monetary theory]] and [[Monetary policy|Policy]]
* [[Banking]]
* Comparative economic systems
* History of economic thought
* [[Macroeconomic]] analysis
Salerno's writings on the history of thought in economics has been cited by [[Peter Boettke]] (who also uses Salerno's work in his classes at [[George Mason University]]<ref>Boettke, Peter. "Syllabus: Austrian Theory of the Market Process II." George Mason University. [http://www.gmu.edu/departments/economics/pboettke/courses/econ_881/881_menu.html]</ref>), [[Israel Kirzner]],<ref>Kirzner, Israel M.. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach." ''Journal of Economic Literature''. March 1997. [http://links.jstor.org/sici?sici=0022-0515(199703)35%3A1%3C60%3AEDATCM%3E2.0.CO%3B2-5]</ref> and others.<ref>"Works citing 'Salerno: The Place of Mises’s Human Action in the Development of Modern Economic Thought.'" Google Scholar. Retrieved 16 July 2007. [http://scholar.google.com/scholar?hl=en&lr=&cites=10731589480046166936]</ref>
===Praise of Hans Sennholz===
He has notably praised [[Hans Sennholz]] as an under-appreciated member of the Austrian School who,
:''...writes so clearly on such a broad range of topics that he is in danger of suffering the same fate as [[Jean-Baptiste Say|Say]] and [[Frédéric Bastiat|Bastiat]]. As [[Joseph Schumpeter]] pointed out, these two brilliant nineteenth-century [[France|French]] economists, who were also masters of economic rhetoric, wrote with such clarity and style that their work was misjudged by their [[Great Britain|British]] inferiors as "shallow" and "superficial."''<ref>Salerno, Joseph. "Hans Sennholz, Teacher and Theorist." ''Mises.org''. 3 February 2003. [http://www.mises.org/story/1155]</ref>
