Joseph Salerno

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Joseph T. Salerno
Joseph Salerno by Gage Skidmore.jpg
Salerno in 2011
Born1950 (age 69–70)
InstitutionLubin Business School of Pace University
School or
Austrian School
Alma materRutgers University
InfluencesMurray Rothbard

Joseph T. Salerno (born 1950) is an American Austrian School economist who is Professor Emeritus of Economics in the Finance and Graduate Economics departments at the Lubin School of Business at Pace University, Academic Vice President of the Ludwig von Mises Institute, and holds the John V. Denson II Endowed Professorship in the economics department at Auburn University. He earned his B.A. at Boston College and his M.A. and Ph.D. at Rutgers University.

Early life[edit]

Salerno's parents immigrated to the United States from Italy. As a child, he observed his "New Deal Democrat" father's disdain for a visiting relative from Italy who declared himself a member of the communist party there. Salerno said that following the incident, he became a supporter of Barry Goldwater's 1964 presidential candidacy and a "full-fledged Goldwaterite."[1] Thereafter, Salerno decided that he wanted to study economics. As an undergraduate at Boston College, he read an article written by Murray Rothbard and adopted what he describes as "the pure libertarian position... anarcho-capitalism." This, he stated, led to his interest in the Austrian School.[1]

Career in economics[edit]

Salerno has published over 50 scholarly articles and books and is the editor of the Quarterly Journal of Austrian Economics. He is a recognized expert on monetary theory and policy, international monetary reform, and Austrian economics and has testified before the United States Congress on the topics of inflation and of reserve fractional reserve banking.[citation needed]

He has also published numerous op-eds online at,, Christian Science, Wall Street, and Economic Policy He is frequently interviewed on broadcast and online radio programs including Bloomberg Radio and has appeared on CSPAN, Fox News, and the Fox Business Networis.[2] Salerno's theories have been explicated by Israel Kirzner in a survey of Austrian thought on entrepreneurship.[3]


  • Money, Sound and Unsound (Full Text; ISBN 978-1-933550-93-0) (2010)


  1. ^ a b Salerno, Joseph. "It Usually Ends With Murray Rothbard." 23 June 2005.[1]
  2. ^ "Pace University in New York | PACE UNIVERSITY". Retrieved 2019-11-15.
  3. ^ Kirzner, Israel M.. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach." Journal of Economic Literature. March 1997. [2]

External links[edit]