William Barnett II

Interim Associate Dean, Professor of Economics, and Chase Distinguished Professor of International Business

Address: 6363 St. Charles Avenue, Box 172
New Orleans, LA 70118
Phone: (504)864-7950
Fax: (504)864-7970
Email: wbarnett@loyno.edu
Office: Miller 319

• Education
• Academic/Industry Experience
• Course Descriptions
• Research Interests
• Publications
• Personal Information
• Research Literature Databases

Education

• J.D. (Civil Law), Loyola University New Orleans,1982
• Completed all formal educational requirements for the CPA, 1976
• Ph.D. (Economics), Michigan State University, 1974
• B.B.A. (Economics), Loyola University New Orleans, 1967

Academic/Industry Experience

Academic Positions

• Chase Bank Distinguished Professor of International Business, 2004-present
• Professor of Economic, 2005-present
• Associate Professor of Economics, Loyola University New Orleans, 1978-2005
• Assistant Professor of Economics, Loyola University New Orleans, 1974-1978
• Instructor, Department of Economics, Michigan State University, 1974

Administrative Positions

• Assistant Dean and Director of the Public Administration Program, College of Business Administration, Loyola University, 1976-1978

Other Positions

• Registered Commodity Broker, Siegel Trading Company, 1974
• Assistant to the Vice-President, New Orleans Steamship Association, 1967-1968
• Professional Assistant - Geophysics, Pan American Petroleum Corp., 1963-1965
• U.S. Naval Reserve, 1959-1965, Active Duty 1961-1963.
• Consulting (various times, 1975-present; partial list of clients)
• Natural Gas Pipeline Company
• Chevron, USA
• Dravo Basic Materials Company
• Mitsubishi Motor Sales of America, Inc.
• Tennessee Gas Pipeline Company
• Louisiana Shell Producers Association
• Imperial Casualty and Indemnity Company
• Federal Express
• New Orleans Steamship Association
• Ingram Tank Ships, Inc.
• Brown & Root, Inc.
• Otto Candies, Inc.
• Blaise Parking & Enterprises, Inc.
• Delta Steamship Company
• First Homestead and Savings Association
• Canal Workover Services, Inc.
• Parris & Company, Commodity Advisory Service

Publications, Proceedings & Papers

• Barnett, William II, and Walter Block. Forthcoming. “ Tyler Cowen on Austrian Business Cycle Theory: A Critique." New Perspectives on Political Economy.
• Barnett, William II, and Walter Block . Forthcoming. “On Hayekian Triangles.” Procesos de Mercado.
• Block, Walter and William Barnett II. Forthcoming. “ On Laidler on Austrian Business Cycle Theory.” Review of Austrian Economics.
• Barnett, William II, and Walter Block . Forthcoming. “Some Thoughts on Price Deflation.” New Perspectives on Political Economy. 1(2)
• Barnett, William II. Forthcoming. “Contra Caplan.” Corporate Ownership and Control . 4(1).
• Block, Walter and William Barnett II. Forthcoming. “Rejoinder to Critics of A Positive Program for Laissez Faire Capitalism.” The Journal of Corporate Citizenship . 23
• Barnett, William II, and Walter Block. Forthcoming. “Reply to Hummel on Austrian Business Cycle Theory.” Reason Papers .
• Barnett, William II, and Walter Block. Forthcoming. “Rothbard on V-Shaped Average and Total Cost Curves" The Quarterly Journal of Austrian Economics.
• Block, Walter, William Barnett II, and Joseph Salerno. 2006. “The Relationship Between Wealth or Income and Time Preference is Empirical, not Apodictic: A Critique of Rothbard and Hoppe.” Review of Austrian Economics. 19 (1): 69-80.
• Block, Walter, William Barnett II, and Gene Callahan. “The Paradox of Coase as a Defender of Free Markets.” NYU Journal of Law and Liberty .
• Barnett, William II, and Walter Block. “On Gallaway and Vedder on Stabilization Policy.” The Quarterly Journal of Austrian Economics.
• Barnett, William II, and Walter Block. Forthcoming. “Rothbard on V-Shaped Average and Total Cost Curves" The Quarterly Journal of Austrian Economics.
• Barnett, William II, and Walter Block. Forthcoming. “ Professor Tullock on Austrian Business Cycle Theory.” Advances in Austrian Economics.
• Block, Walter and William Barnett II. Forthcoming. “Austrian Economics, Praxeology, and Intervention.” Advances in Austrian Economics.
• Block, Walter, William Barnett II, and Joseph Salerno. Forthcoming. “The Relationship Between Wealth or Income and Time Preference is Empirical, not Apodictic: A Critique of Rothbard and Hoppe.” Review of Austrian Economics.
• Block, Walter and William Barnett II. Forthcoming. “A Positive Program for Laissez Faire Capitalism.” The Journal of Corporate Citizenship .  Issue 19.
• Barnett, William II, Walter Block, and Michael Saliba., 2005. “Perfect Competition: A Case of ‘Market-Failure.'” Corporate Ownership and Control . 2 (4): 70-75.
• Barnett, William II, Walter Block. Forthcoming, 2005. “Mises, Rothbard, and Salerno on Costs: A Rejoinder” Corporate Ownership and Control . 1 (3).
• Barnett, William II, and Walter Block., 2005. “ In Defense of Fiduciary Media: A Comment on What's Wrong with “Monopoly” or Play Money? ” The Quarterly Journal of Austrian Economics. 8 (2): 55-69.
• Barnett, William II, and Walter Block. 2005. “Money: Capital Good, Consumers' Good, or (Media of) Exchange Good?” Review of Austrian Economics. 18 (2): 179-194.
• Barnett, William II, and Michael Saliba. 2004. “A Free Market for Kidneys: Options, Futures, Forward, and Spot.” Managerial Finance. 30 (5): 38-56.
• Barnett, William II, and Walter Block. 2004. “On the Optimum Quantity of Money.” The Quarterly Journal of Austrian Economics. 7 (1): 39-52. http://www.mises.org/journals/qjae/pdf/qjae7_1_4.pdf
• Barnett, William II. 2003. "Dimensions and Economics: Some Problems" The Quarterly Journal of Austrian Economics. 6 (3): 27-46. http://www.qjae.org/journals/qjae/pdf/qjae6_3_2.pdf
• Scariano, Stephen M., and William Barnett II. 2003. “Contrasting Total Least Squares with Ordinary Least Squares.” Mathematics and Computer Education Journal. 37 (2): 141-158.
• Barnett, William II. 2003. “The Modern Theory of Consumer Behavior: Ordinal or Cardinal?” The Quarterly Journal of Austrian Economics. 6 (1): 41-65. http://www.qjae.org/journals/qjae/pdf/qjae6_1_3.pdf
• Barnett, William II, Michael Saliba, and Deborah Walker. 2003. “We Favor a Freer Market for Kidneys.” The Independent Review . 7 (4): 595- 598. http://www.independent.org/tii/media/pdf/tir74barnett.pdf
• Block, Walter, William Barnett II, and Stuart Wood. 2002. “Austrian Economics, Neoclassical, Economics, Marketing, and Finance.” The Quarterly Journal of Austrian Economics. 5 (2): 51-66. http://www.qjae.org/journals/qjae/pdf/qjae5_2_4.pdf
• Barnett, William II, Michael Saliba, and Deborah Walker. 2001. “A Market for Kidneys: Efficient and Equitable.” The Independent Review . 5 (3): 373- 385. http://www.independent.org/tii/media/pdf/tir53barnett.pdf
• Sibley, Michael, William Barnett II, and Jerry Hood. 1998. “Is There an Electoral Monetary Cycle in Latin America?” Journal of Business and Economic Perspectives. 24 (1): 12- 19.
• Barnett, William II “Comment on Professor Timberlake's Squared Rule for the Equilibrium Value for the Marginal Utility of Money.” 1989. Review of Austrian Economics . 3: 151 – 157.
• Barnett, William II “Subjective Cost Revisited.” 1989. Review of Austrian Economics . 3: 137-138.
• Barnett, William II. 1987. “Human Nature, the Bishops, and the American Economy.” Loyola Law Review. 33 (1): 203 – 211.
• Barnett, William II. 1980. “A Private Mall Becomes a Public Hall.” Loyola Law Review . 26: 739 – 749.
• Cited in: Dolliver, J., [Justice, Supreme Court of Washington.] concurring opinion in Alderwood Associates, et al, Respondents, v. Washington Environmental Council, et al, Petitioners . 96 Wn.2d 230, 635 P.2d 108. (1981.)

• Barnett, William II. 2005. “The Doctrine of Church and State – Should Religion be Involved in Politics?” The George Hitchings Terriberry Memorial Lecture. In Birtel, F T. ed. 2005. Religion and The American Experience. Vol. 5 Tulane Judeo-Christian Studies Edition.
• Barnett, William II. 2003. . “Money: Capital Good, Consumers' Good, or (Media of) Exchange Good?” Proceedings of the Ninth Annual Austrian Scholars' Conference. http://www.mises.org/asc/2003/asc9barnett.pdf
• Barnett, William II, and Stuart Wood. 2002. “Austrian Business Cycle Theory in the Current Recession.” Proceedings of the Eighth Annual Austrian Scholars' Conference. http://www.mises.org/asc/2002/asc8-barnett.pdf
• Barnett, William II, and Michael Saliba. 2002. “Neoclassical Theory and the Inconsistent Application of Subjectivism.” Proceedings of the Eighth Annual Austrian Scholars' Conference.. http://www.mises.org/asc/2002/ASC8-Barnett-Saliba.pdf
• Sibley, Michael, and William Barnett II. 1998. “Exchange Rate Volatility in Latin America.” Proceedings of, the Association of Global Business.
• Barnett, William II, Jerry Dauterive, and Everett White. 1985. “A Taxonomy of Government Intervention.” Journal of The Southwestern Society of Economists . 12 (1): 127-130.

Other

• Block, W., and William Barnett II. 2002. “The Living Wage: What's Wrong?” Ideas on Liberty. 52 (12): 23-24. http://www.fee.org/vnews.php?nid=5288
• Barnett, William II. 1988. “The Market for Used Human Body Parts.” The Free Market . 6 (2).
• Saussy, Gordon, and William Barnett II. 1977. “U.S. Energy Policy, Louisiana, and the Severance Tax.” 1977. Louisiana Business Survey .

Paper Presentations

• "On Gallaway and Vedder on Stabilization Policy." (with Walter Block) 2005. Eleventh Annual Austrian Scholars' Conference.
• “An Essay on Deflation."  Tenth Annual Austrian Scholars' Conference. 2004.
• “Property Rights and Natural Monopoly.” (with Jerry Dauterive) 2004. Annual Conference of the Western Economic Association
• “Differential Effects of Rent Seeking.” (with /Jerry Dauterive) 2003. Annual Conference of the Western Economic Association International.
• "Neoclassical Theory and the Inconsistent Application of Subjectivism." (with Michael Saliba) 2002. Southwestern Society of Economists annual meetings.
• "On the Austrian Business Cycle." (with Stuart Wood) 2002. Southwestern Society of Economists annual meetings.
• "The Doctrine of Church and State - Should Religion Be Involved in Politics." 1994. invited paper, Significant Issues for Today series sponsored by the Chair of Judeo-Christian Studies, Tulane University, November 16, 1994.
• "Financial Institutions and Monetary and Fiscal Policies for a Market Economy." 1989. invited paper, Third Annual International Conference on Economics, Chamber of Commerce and Industry of El Salvador. San Salvador, October 12, 1989.
• "Testing Some Additions to Austrian Business Cycle Theory." (with Stuart Wood) 1989. Western Economic Association annual meeting.
• "Depreciation, the J Curve, and Balance of Trade Deficits." (with Stuart Wood) 1989. Western Economic Association annual meeting.
• "Business Cycle Theory and Stagflation." (with Stuart Wood) 1987. Western Economic Association annual meeting.
• "A Property Rights Approach to Natural Monopoly." (with Jerry Dauterive) 1985. Southern Economic Association annual meeting.
• "A Taxonomy of Business Cycles." (with Stuart Wood) 1985. Western Economic Association annual meetings.
• "An Economic Theory of Special Interest Groups." (with Jerry Dauterive) 1984. SWFAD annual meeting.
• "Decasualization of the Longshore Workforce in New Orleans." 1968. Louisiana Academy of Sciences annual meeting.

Personal

Public Service (various periods, 1975-present)

• Participant, International Forum on Free Enterprise and Economic Development, FUSADES (Foundation for Social and Economic Development), in San Salvador
• Member, Harahan Municipal Fire and Police Civil Service Board
• Board of Directors, Metropolitan Area Committee
• Steering Committee, Financing the Future Coalition
• Mayor's Cost Control Commission, City of New Orleans
• St. Bernard Parish School Board Task Force
• Committee Chairman, Business of Government Task Force
• Advisor to Governor's Task Force on the Future of the Port of New Orleans
• Mayor's Council of Economists (New Orleans)
• Leader, Workshop on Government, and Member, Workshop on Port Development, Mayor's Conference on Economic Development (New Orleans)
• Presented invited testimony before the New Orleans City Council
• Presented invited testimony before Joint Committee of the Louisiana State Legislature
• Economics expert for various news media