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Richard Salsman
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Name
Richard Salsman
Role
Economist
Education
Duke University, Bowdoin College, New York University
Duke's Richard Salsman explains misperceptions about Alexander Hamilton
Richard M. Salsman (/ˈsɑːlzmən/; born c. 1959) is an American economist, investment strategist, and professor of political economy. His early career was on Wall Street in corporate banking. Since the early 1990s he has been a professional investment forecaster, advising institutional investors. In his academic career, which he began in 2010, has focused on money and banking, public finance and political economy. He is currently Visiting Assistant Professor at Duke University in the program on Philosophy, Politics & Economics (PPE).
A classical liberal and scholar of capitalism, Salsman's professional works have been most influenced by the ideas of Alexander Hamilton, Jean-Baptiste Say, Carl Menger and the Austrian school economists, Robert Mundell and supply-side economics, James Buchanan and the Public Choice school, and philosopher-novelist Ayn Rand.
Career
1981-1983: Manufacturers Hanover Trust NY: management training program
1984–1989: The Bank of New York (New York, NY): corporate lending officer
1989–1992: Citibank (New York, NY): corporate finance and capital-markets analyst
1993–2000: H.C. Wainwright Economics, Inc. (Boston, MA): senior vice president and senior economist
2000–present: InterMarket Forecasting, Inc. (Chapel Hill, NC): founder, president, chief market strategist
2012 - PhD, Political Economy, Duke University (Durham, NC)
1993 - Chartered Financial Analyst (CFA)
1988 - MBA, Economics, Stern School of Business, New York University (New York, NY)
1981 - BA, Law and Economics, Bowdoin College (Brunswick, ME)
Publications
2016: The Political Economy of Public Debt (forthcoming, Edward Elgar publishing)
2015: "Common Caricatures of Self-Interest and Their Common Source" (forthcoming, Reason Papers)
2015: “The U.S. Treasury’s Unjust Debasement of Alexander Hamilton”, The Objective Standard Blog
2015: “Piketty’s Rickety Assault on Capital,” The Objective Standard (Spring)
2013: “Implications of Bailouts: Is ‘Too Big to Fail’ Too Big?” Georgetown Journal of Law and Public Policy. (with Michael Munger)
2013: “The End of Central Banking, Part I (Spring) & Part II (Summer),” The Objective Standard
2013: “Saysian Economics,” The Capitalist Advisor, InterMarket Forecasting, Inc.
2011: “Economics in Atlas Shrugged,” The Objective Standard
2009: "Altruism: The Moral Root of the Financial Crisis" in The Objective Standard.
2005: “The False Profits of Antitrust”, chapter in The Abolition of Antitrust (New Brunswick, NJ: Transaction Publishers).
2004/5: “The Cause and Consequences of the Great Depression” (in four parts), The Intellectual Activist.
1995: Gold and Liberty (Great Barrington, MA: American Institute for Economic Research).
1993: “Bankers as Scapegoats for Government-Created Banking Crises in U.S. History”, chapter in The Crisis in America Banking, edited by Dr. Lawrence H. White (New York, NY: New York University Press, 1993).
1993: “‘Corporate Environmentalism’ and Other Suicidal Tendencies”, chapter in Environmentalism: What Does It Mean for Business?, edited by Jaana Woiceshyn (Faculty of Management Lecture Series, The University of Calgary).
1992: “Banking without the ‘Too-Big-to-Fail’ Doctrine”, chapter in Bankers and Regulators, edited by Hans Sennholz (Irvington-on-Hudson, NY: Foundation for Economic Education).
1993: The Collapse of Deposit Insurance—and the Case for Abolition (Great Barrington, MA: American Institute for Economic Research).
1990: Breaking the Banks: Central Banking Problems and Free Banking Solutions (Great Barrington, MA: American Institute for Economic Research).
