Richard Salsman

Not to be confused with Richard M. Stallman.

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
• 2010–present: [Duke University] NC: Visiting Assistant Professor, Philosophy, Politics & Economics (PPE)

Education

• 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).

External links

• InterMarket Forecasting, Inc.
• Working papers at Duke University PPE program
• Papers at ResearchGate
• Essays at Forbes.com (2010 - 2013)
• Essays at Real Clear Markets (RCM)
• Essays at The Objective Standard
• Essays at Capitalism Magazine