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  • William Barnett II

William Barnett II

Tags Business CyclesCapital and Interest TheoryMoney and Banking

Works Published inSpeeches and PresentationsMises Daily ArticleQuarterly Journal of Austrian EconomicsReview of Austrian Economics, Volumes 1-10

Bill Barnett is professor of economics at Loyola University in New Orleans.

All Works

Rothbard on V Shaped Average and Total Cost Curves

Production Theory

07/30/2014Quarterly Journal of Austrian Economics
Rothbard (1993, pp. 638–45) refuted the important economic fallacy that excess capacity is a normal consequence of profit maximizing behavior by businesses in some industries when they are in long-run equilibrium.
Formats

qjae9_3_4.pdf

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Operators are not Parameters, the Dimensions of Operators and Variables Must be Invariant, and Indices may not be Dimensioned: Rejoinder to Professors Folsom and Gonzalez

Philosophy and Methodology

07/30/2014Quarterly Journal of Austrian Economics
What is certain is that mathematics cannot possibly be a valid means (to advances in economic understanding) unless and until it is used properly. That means that dimensions must be used consistently and correctly.
Formats

qjae11_2_6.pdf

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The Modern Theory of Consumer Behavior: Ordinal or Cardinal?

SubjectivismValue and Exchange

07/30/2014Quarterly Journal of Austrian Economics
Neoclassical utility functions are an invalid means of analyzing consumer behavior for three reasons: first, and most important, because such functions, and their attendant rankings, are cardinal, not ordinal in nature;
Formats

qjae6_1_3.pdf

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Dimensions and Economics: Some Problems

Philosophy and Methodology

07/30/2014Quarterly Journal of Austrian Economics
The first sections of this paper consider, respectively, the following two problems that arise when dimensions are not correctly included in economic models:
Formats

qjae6_3_2.pdf

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On the Optimum Quantity of Money

Monetary Theory

07/30/2014Quarterly Journal of Austrian Economics
It is pretty well established within Austrian economics that the optimum quantity of money is whatever level is established at any given time.
Formats

qjae7_1_4.pdf

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