# Joseph Salerno
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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 ==
Salerno's parents immigrated to the United States from Italy.
The Young Rothbard: An Uncomfortable Neoclassical Economist
In this welcome lecture to the 2025 Rothbard Graduate Seminar, Joseph Salerno dismantles the myth that Murray Rothbard was an outsider to mainstream economics.
Drawing on Rothbard’s deep academic training and early career, Salerno reveals how Rothbard was a thoroughly trained neoclassical economi…
The Young Rothbard: An Uncomfortable Neoclassical Economist
Speaking at the recent Rothbard Graduate Seminar, Dr. Joseph Salerno traces Murray Rothbard‘s intellectual development while in the economics Ph.D. program at Columbia University. Rothbard was dissatisfied with the popular schools of thought until he discovered Austrian economics.
Original article:…
Why We Need Austrian Economics
Economist Joseph Salerno, an expert on the Austrian School, money, and methodology, joins us to talk about what makes the Austrian School of economics different.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
Radio Rothbard mugs are available at the Mises Store. Get yours a…
The Birth of the Austrian School
In the opening lecture of Mises University, Joseph Salerno returns to 1871, when Carl Menger’s Principles of Economics launched the Austrian school. Salerno shows how Menger’s law of marginal utility solved the ancient “paradox of value”—why life-giving water is cheap and useless diamonds dear—and,…
Price Controls
With New York reviving a citywide rent freeze, Joseph Salerno returns to the economics of price controls. Following Mises and Rothbard, he shows how a single cap—on milk, say—triggers shortages that pull in control after control until the state is planning everything. He tells the story of postwar …
The Making of an Austrian Economist
Patrick Newman presents the book he and Joseph Salerno have written, Murray N. Rothbard: The Making of an Austrian Economist. He traces Rothbard’s path from a Columbia PhD steeped in the neoclassical synthesis, through his 1949 encounter with Mises and Human Action, to the writing of Man, Economy, …
The Making of an Austrian Economist
Patrick Newman presents the book he and Joseph Salerno have written, Murray N. Rothbard: The Making of an Austrian Economist. He traces Rothbard's path from a Columbia PhD steeped in the neoclassical synthesis, through his 1949 encounter with Mises and Human Action, to the writing of Man, Economy, …
The Dehomogenization of Mises and Hayek
Tate Fegley uses Joseph Salerno's work to draw out the fundamental differences between Mises and Hayek—on society, law, the family, and above all the calculation problem versus the knowledge problem—arguing that treating the two as interchangeable obscures the distinctly Misesian paradigm.
Recorded…
Price Controls
With New York reviving a citywide rent freeze, Joseph Salerno returns to the economics of price controls. Following Mises and Rothbard, he shows how a single cap—on milk, say—triggers shortages that pull in control after control until the state is planning everything. He tells the story of postwar …
The Birth of the Austrian School
In the opening lecture of Mises University, Joseph Salerno returns to 1871, when Carl Menger's Principles of Economics launched the Austrian school. Salerno shows how Menger's law of marginal utility solved the ancient "paradox of value"—why life-giving water is cheap and useless diamonds dear—and,…
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