David Howden, Ph.D.

Department of Business and Economics
Economics

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Education

• 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

Publications and Media Placements

Books

• 2024. De Viena a Madrid. Madrid, Spain: Unión Editorial. with Philipp Bagus. 
• 2023. The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I: Money and the Market Process. Cham, Switzerland: Palgrave Macmillan. with Philipp Bagus.
• 2023. The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume II: Philosophy and Political Economy. Cham, Switzerland: Palgrave Macmillan. with Philipp Bagus. 
  
• 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.

Publications

• 2023. "Consumer Rights and Banking Contracts." Journal of Banking Regulation 24(1): 105-14. with Philipp Bagus.
• 2018. "Entrepreneurial Error Does Not Equal Market Failure." Journal of Business Ethics 149(2): 433-41. with Philipp Bagus and Jesús Huerta de Soto.
• 2018. "On the Necessary and Sufficient Conditions for Legitimate Banking Contracts." Journal of Business Ethics 147(3): 669-678. with Philipp Bagus and Amadeus Gabriel.
• 2017. "The Hubris of Hybrids." Journal of Business Ethics 145(2): 373-82. with Philipp Bagus and Amadeus Gabriel.
• 2017. "The Rise and Fall of the Subsistence Fund as a Resource Constraint in Austrian Business Cycle Theory." Review of Austrian Economics 30(2): 235-49. with Eduard Braun.
• 2017. "The Interest Rate and the Length of Production: A Comment." Quarterly Journal of Austrian Economics 19(4): 345-58.
• 2016. "Mises and Montaigne: A Comment." History of Political Economy 48(4): 733-40. with Philipp Bagus, Eva María Carrasco Bañuelos and Amadeus Gabriel.
• 2016. "Finance Behind the Veil of Money, A Rejoinder To Dr. Braun." Quarterly Journal of Austrian Economics 19(2): 178-86.
• 2016. "Reassessing the Ethicality of Some Common Financial Practices." Journal of Business Ethics 136(3): 471-80. with Philipp Bagus and Amadeus Gabriel.
• 2016. "Finance Behind the Veil of Money: Response to Dr. Braun's Comment." Quarterly Journal of Austrian Economics 19(1): 124-28.
• 2016. “Central Bank Balance Sheet Analysis.” Betriebswirtschaftliche Forschung und Praxis 68(2): 109-25. with Philipp Bagus.
• 2016. “Time Preference and the Process of Civilization.” International Journal of Social Economics 43(4): 382-99. with Joakim Kämpe.
• 2016. "Uses and Misuses of Arbitrage in Financial Theory, and a Suggested Alternative." Journal of Prices & Markets 4(2): 44-57. with Rafael García Iborra.
• 2016. "The Economic and Legal Significance of ‘Full’ Deposit Availability." European Journal of Law and Economics 41(1): 243-54. with Philipp Bagus.
• 2015. "The Efficient Market Conjecture." Quarterly Journal of Austrian Economics 18(4): 378-408. with Ricardo Emanuel Campos Dias de Sousa.
• 2015. "The Interest Rate Break on Maturity Transformation." Journal of Economic Issues 49(4): 1100-1111. with Amadeus Gabriel.
• 2015. "An Austrian Analysis of China’s Unsustainable Boom." Economic Affairs 35(3): 443-52. with Jason Xingbin Li.
• 2015. "Why Did China’s Population Grow So Quickly?" The Independent Review 20(2): 227-48. with Yang Zhou.
• 2015. [http://www.palgrave-journals.com/jbr/journal/v16/n3/abs/jbr20145a.html] "Rethinking Deposit Insurance on Brokered Deposits." Journal of Banking Regulation 16(3): 188-200.
• 2015. "Oil and water do not mix, or: aliud est credere, aliud deponere." Journal of Business Ethics 128(1): 197-206. with Philipp Bagus and Amadeus Gabriel.
• 2014. "Causes and Consequences of Inflation." Business and Society Review 119(4): 497-517. with Philipp Bagus and Amadeus Gabriel.
• 2014. "Unintended Consequences of China´s One-Child Policy." Economic Affairs 34(3): 353-69. with Yang Zhou.
• 2014. "Fiscal Considerations of Central Bank Recapitalization." Journal of Prices & Markets 2(2): 36 – 47. with Philipp Bagus.
• 2014. "Central Bank Insolvency: Causes, Effects and Remedies." The Journal of Social, Political and Economic Studies 39(1): 3-23. with Philipp Bagus.
• 2014. "Knowledge Flows and Insider Trading." Review of Austrian Economics 27(1): 45-55.
• 2013. "The Rise and Fall of the Icelandic Economy." The Journal for Social, Political, and Economic Studies 38(4): 389-424.
• 2013. "The Icelandic and Irish Banking Crises: Alternative Paths to a Credit-Induced Collapse." The Independent Review 18(3): 421-39.
• 2013. "The Quantity Theory of Money." Journal of Prices & Markets 1(1): 17-30.
• 2013. "Separating the Wheat from the Chaff: Icelandic and Irish Policy Responses to the Banking Crisis." Economic Affairs 33(3): 348-60.
• 2013. "Some Ethical Dilemmas with Modern Banking." Business Ethics: A European Review 22(3): 235-45. with Philipp Bagus.
• 2013. "Deposits, Loans and Banking: Clarifying the Debate." The American Journal of Economics and Sociology 72(3): 627-44. with Philipp Bagus and Walter E. Block.
• 2012. "Monetary Equilibrium and Price Stickiness: A Rejoinder." Review of Austrian Economics 25(3): 271-77. with Philipp Bagus.
• 2012. "Still Unanswered Quibbles with Fractional Reserve Free Banking." Review of Austrian Economics 25(2): 159-71. with Philipp Bagus.
• 2012. “The Continuing Continuum Problem and Future Goods." The Journal of Business Ethics 106(3): 295-300. with Philipp Bagus.
• 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.
• 2011. "Monetary Equilibrium and Price Stickiness: Causes, Consequences, and Remedies." Review of Austrian Economics 24(4): 383-402. with Philipp Bagus.
• 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.
• 2011. "Unanswered Quibbles with Fractional Reserve Free Banking." Libertarian Papers 3(18): 1-24. with Philipp Bagus.
• 2010. "Fractional Reserve Free Banking: Some Quibbles." Quarterly Journal of Austrian Economics 13(4): 29-55. with Philipp Bagus.
• 2010. "Ethics and Monetary Theory: Is There a Common Middle Ground?" Ethics & Politics 12(2): 355-66.
• 2010. "The Term Structure of Savings, the Yield Curve, and Maturity Mismatching." Quarterly Journal of Austrian Economics 13(3): 64-85. with Philipp Bagus.
• 2010. "Knowledge Shifts and the Business Cycle: When Boom Turns to Bust." Review of Austrian Economics 23(2): 165-182.
• 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.
• 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.
• 2009. "Fama's Efficient Market Hypothesis and Mises' Evenly Rotating Economy: Comparative Constructs." The Quarterly Journal of Austrian Economics 12(2): 17-26.
• 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.
• 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.
• 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.