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Jörg Guido Hülsmann

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Jörg Guido Hülsmann
Hülsmann in 2017
Born
Jörg Guido Hülsmann

(1966-05-18) 18 May 1966 (age 58)
Hückeswagen, Germany
NationalityGerman
Academic career
FieldMonetary economics, macroeconomics, financial economics, history of economic thought
InstitutionUniversity of Angers
(2004-present)
Mises Institute
(1999–2004)
University at Buffalo
(1998–1999)
Panthéon-Assas University
(1997–98)
School or
tradition		Austrian School
Alma materParis Dauphine University (Habilitation)
Technische Universität Berlin (Dr rer. oec.) 1996
Toulouse Business School (D.E.S.C.A.F) 1992
Technische Universität Berlin (Diplom-Ingenieur) 1992
Doctoral
advisor		Hans-Hermann Lechner (PhD)
Pascal Salin[1] (Hab.)
Influences
Websiteguidohulsmann.com

Jörg Guido Hülsmann (born 18 May 1966) is a German-born economist who studies issues related to money, banking, monetary policy, macroeconomics, and financial markets. Hülsmann is professor of economics at the University of Angers’ School of Law, Economics, and Management.

He is a member of the European Academy of Sciences and Arts, a corresponding member of the Pontifical Academy for Life, and a Senior Fellow at the Mises Institute. He is a vice-president of the international Property and Freedom Society, a board member of the Association des économistes catholiques[2] in France, and a scientific board member of the Hayek-Gesellschaft[3] in Germany, of the Austrian Institute of Economics and Social Philosophy,[4] and of the International Academy for Philosophy[5] in Liechtenstein. Hülsmann has been the inaugural laureate of the international Franz Čuhel Prize for Excellence in Economic Education[6] and the 2023 laureate of the Hayek-Medaille.[7]

Economists such as Eugen-Maria Schulak and Herbert Unterköfler consider him to be one of the most important contemporary Austrian economists in Europe, next to Hans-Hermann Hoppe and Jesús Huerta de Soto.[8] In the wider heterodox-economics community striving for pluralism in economics he is regarded as a leading expert and speaker.[9] He has been interviewed in various media outlets all throughout Europe.[10]

Life

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Hülsmann went to high school in a town with "the highest communist voter percentage in all of Western Germany" and started public speaking at the age of 15.[11] After mandatory military service, he went on to study industrial engineering (Wirtschaftsingenieurwesen) at Technische Universität Berlin, from 1986 to 1992. In the 1991–92 academic year, he participated in an exchange program with Toulouse Business School in France. There he wrote a thesis comparing the neo-marxist regulation school to the ordo-liberal Freiburg School. He also started studying the writings of the Austrian School. After the year in Toulouse, he returned to Berlin for doctoral studies under Hans-Hermann Lechner and obtained his PhD in economics in 1996.[12] In January 1997, Lew Rockwell commissioned Hülsmann to write a Mises biography, a project that he would eventually complete in 2007. In 2004, he was appointed to a full professorship at the University of Angers.

Academic authorship

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Hülsmann is the author of eight books, has edited or co-edited six other books, and published numerous journal articles and book chapters. His writings have been translated into twenty languages.[13]

His 2008 book The Ethics of Money Production[14] has been translated into German, French, Italian, Romanian, Polish, Chinese, Persian, Spanish, and Turkish. His 2007 book Mises – The Last Knight of Liberalism[15] has been translated into Russian, Chinese, and Polish. Both books received numerous reviews and made it into Barron's recommended reading lists.[16]

The Last Knight of Liberalism is the only full-blown biography of Ludwig von Mises and Hülsmann’s most-cited publication.[17] It received a slating from Bruce Caldwell,[18] while the other reviews have been overwhelmingly positive. Economic historian Robert Higgs praised it as "a magnificent scholarly achievement."[19] In a lengthy review, the German national newspaper, Frankfurter Allgemeine Zeitung, called it "a literary event" and considered the work to "set standards" of biographical work.[20] In September 2016, the Renmin University of China organized a full-day conference around the Chinese edition of the book.[21]

In his 2024 book Abundance, Generosity, and the State, he studies the different ways through which economic goods are gratuitously provided and received .[22] Philosopher David Gordon praised the book with these words: "It is rare to encounter a book that has the potential to reshape the way we look at economics, but Guido Hülsmann has done exactly that in Abundance, Generosity, and the State. Hülsmann is one of the leading theorists of the Austrian School, but he has always looked at issues in an original way, and that quality is manifested 'abundantly' in this outstanding book."[23]

He has also become known as an economist who correctly anticipated the financial crisis of 2001;[24] as a staunch critic of fractional-reserve banking;[25] as a critic of the time-preference theory of interest;[26] for his "reconsideration" of Austrian Capital Theory, opening new perspectives on the venerable Cambridge capital controversy;[27] and as a proponent of the idea that economic laws are counterfactual a priori laws, rather than empirical regularities.[28]

Teaching

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Hülsmann directs an English-language master’s program in Law and Finance,[29] and co-directs a double-major bachelor program in Law and Economics (in French)[30] at the University of Angers. He has directed doctoral theses at the University of Angers and been involved in doctoral research at other universities.[31]

He is also a frequent guest professor at Grove City College, and he has taught at Alexandru Ioan Cuza University of Iași, (Romania), at Loyola University New Orleans, at CEVRO Institute in Prague (Czech Republic), at the King Juan Carlos University in Madrid (Spain), at ISM University of Management and Economics in Vilnius (Lithuania), and various other academic institutions.[32]

Journalism

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Hülsmann has written for various press outlets in Europe, for example, for national magazines such as Schweizer Monat, La Tribune, Die Zeit, and Der Standard, and for business magazines such as Wirtschaftswoche.[33] For several years, he has authored a monthly column for the German libertarian magazine, eigentümlich frei.[34]

Translations

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Hülsmann has translated or co-translated Murray N. Rothbard’s books The Ethics of Liberty[35] and What Has Government Done to Our Money?,[36] Ralph Raico’s Die Partei der Freiheit[37] and Ludwig von Mises’ Bureaucracy,[38] as well as Gustave de Molinari's De la production de la sécurité[39] into German.

See also

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References

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  1. ^ Laine, Mattieu; Hülsmann, Jörg Guido (2006). L' homme libre: mélanges en l'honneur de Pascal Salin. Les Belles Lettres. ISBN 978-2251443140.
  2. ^ Association des économistes catholiques website, accessed at 2017-06-21
  3. ^ Friedrich A. von Hayek-Gesellschaft Archived 2017-07-09 at the Wayback Machine website, accessed at 2017-06-21
  4. ^ Austrian Institute of Economics and Social Philosophy Archived 2017-10-08 at the Wayback Machine website, accessed at 2017-06-21
  5. ^ Internationale Akademie für Philosophie Archived 2014-05-15 at the Wayback Machine website, accessed at 2017-06-21
  6. ^ Prague Conference on Political Economy website Archived 2022-01-07 at the Wayback Machine, accessed at 2017-06-21
  7. ^ German Hayek Society website, accessed at 2024-08-07
  8. ^ See E.-M. Schulak and H. Unterköfler, The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions (Auburn, Ala.: Ludwig von Mises Institute, 2011), p. 175.
  9. ^ See L. Fischer et al., Rethinking Economics Archived 2020-05-25 at the Wayback Machine (London: Routledge, 2017), chap. 3. The Glasgow Economic Forum 2017 Archived 2016-06-01 at the Wayback Machine website portrays hims as "one of the foremost Austrian economists in the world, most well-known for his work on fiat money, inflation and culture. His 2007 thousand-page long detailed biography of Ludwig von Mises and his 2008 award-winning book The Ethics of Money Production are among the most-read not just for those interested in Austrian economics but for every aspiring economist." In the French weekly news magazine, L'Express (5 Jan. 2011) Archived 2020-11-30 at the Wayback Machine, accessed at 2017-06-22, he is portrayed as one of ten scholars who "boost research and higher education in Angers."
  10. ^ See for example his interviews with the Slovak magazine .týždeň (23 Oct. 2016) on the end of globalism and the rise of populist movements, accessed at 2017-06-26; with national German public radio broadcaster (Deutschlandradio, transcript online[permanent dead link‍], accessed at 2017-06-26); with Wirtschaftswoche magazine on inequality resulting from the monetary system: "Das Währungssystem ist Schuld an wachsender Ungleichheit" (5 May 2014) Archived 26 December 2015 at the Wayback Machine, accessed at 2017-06-28; with Die Freie Welt on the Euro crisis (18 Sept. 2014) Archived 2017-06-28 at the Wayback Machine, accessed at 2017-06-28; with the Lithuanian business magazine IQ (21 Dec. 2011), accessed at 2017-06-29.
  11. ^ See Jeff Deist and Jörg Guido Hülsmann, Today's Leading Mises Scholar on the Man and His Legacy Archived 2023-12-01 at the Wayback Machine (Auburn, Ala.: Ludwig von Mises Institute, 2018), p. 4.
  12. ^ See his February 2019 [1] address to the Hayek Club in Berlin, accessed at 2019-03-23.
  13. ^ See the University of Angers website Archived 2022-02-16 at the Wayback Machine listing his scholarly output as from 2010, accessed at 2017-06-21; Hülsmann’s website Archived 2017-06-17 at the Wayback Machine listing his current papers and books, accessed at 2017-06-21; his portray at the Online Library of Liberty website Archived 2021-03-04 at the Wayback Machine, accessed at 2017-06-22
  14. ^ Online at google books
  15. ^ Online at google books
  16. ^ Barron's (17 Dec. 2007) Archived 2020-10-22 at the Wayback Machine, accessed at 2017-06-22, and Barron's (14 Dec. 2009) Archived 2017-07-04 at the Wayback Machine, accessed at 2017-06-22
  17. ^ Google Scholar website, accessed at 2017-06-21
  18. ^ See B. Caldwell, "History in the Service of Ideology" Archived 2022-02-17 at the Wayback Machine, History of Economic Ideas, vol. 16, no. 3 (2008), accessed at 2017-06-22
  19. ^ Mises Institute website Archived 2017-05-31 at the Wayback Machine, accessed at 2017-06-22
  20. ^ F.A.Z. (12 Oct. 2007)[permanent dead link‍], p. 22, accessed at 2017-06-22
  21. ^ Renmin University of China website Archived 2016-11-15 at the Wayback Machine, accessed at 2017-06-22. See also his interview with China Radio International's Beijing News (31 Dec. 2016) Archived 2022-02-16 at the Wayback Machine, accessed at 2017-06-26.
  22. ^ Google Scholar website, accessed at 2024-05-05
  23. ^ Book review on Mises Institute website, accessed at 2024-05-05
  24. ^ See M. Thornton, "Who Predicted the Bubble? Who Predicted the Crash?" Archived 2017-07-06 at the Wayback Machine, The Independent Review, vol. IX, no. 1 (2004), accessed at 2017-06-22
  25. ^ See the featured debates between Hülsmann and fractional-reserve banking advocates L.H White and G. Selgin in The Independent Review (vol. VII, no. 3, 2003) and in The Independent Review (vol. V, no. 1, 2000) Archived 2017-06-25 at the Wayback Machine, accessed at 2017-06-26.
  26. ^ See J.M. Herbener’s and J.P. Gunning’s critique of Hülsmann: J.M. Herbener, “Introduction”[permanent dead link‍] The Pure Time Preference Theory of Interest (Auburn, Ala.: Ludwig von Mises Institute, 2011), pp. 56ff, accessed at 2017-06-21; J.P. Gunning in Quarterly Journal of Austrian Economics (vol. 8, no. 3, 2014)[permanent dead link‍], accessed at 2017-06-21. The reference text is J.G. Hülsmann, “A Theory of Interest”[permanent dead link‍] Quarterly Journal of Austrian Economics (vol. 5, no. 4, 2002), accessed at 2017-06-21.
  27. ^ See M. Machaj, "The Interest Rate and the Length of Production" Quarterly Journal of Austrian Economics, vol. 18, no. 3 (2015), accessed at 2017-06-22; J.R. Rallo, "Las (incopletas) aportaciones de Hülsmann a la theoria austriaca del capital" Rallo's website Archived 2017-02-22 at the Wayback Machine, accessed at 2017-06-22; and the in-depth discussion on Meng Hu's Blog, accessed at 2017-06-22. These discussions refer to J.G. Hülsmann, "The Structure of Production Reconsidered" (University of Angers: GRANEM working paper 2010), accessed 2017-06-22.
  28. ^ See E.P. Stringham and R. Gonzales’ critique of Hülsmann in Journal des économistes et des études humaines (vol. 15, no. 1, 2009) Archived 2017-11-27 at the Wayback Machine, accessed at 2017-06-21. The reference text is J.G. Hülsmann,“Facts and Counterfactuals in Economic Law”[permanent dead link‍] Journal of Libertarian Studies (vol. 17, no. 1, 2003), accessed at 2017-06-21.
  29. ^ University of Angers website, accessed at 2024-08-07
  30. ^ University of Angers website, accessed at 2024-08-07
  31. ^ French doctoral dissertation search engine Archived 2024-08-07 at the Wayback Machine, accessed at 2024-08-07; Hülsmann's website, accessed at 2024-08-07
  32. ^ University of Angers website, accessed at 2017-06-21.
  33. ^ See for example "Der Sozialstaat lässt die Gesellschaft menschlich verarmen"Wirtschaftswoche (21 November 2023), accessed at 2024-08-07; "Weg mit dem Kuschelkapitalismus!" Archived 2022-02-16 at the Wayback Machine Wirtschaftswoche (17 March 2017), accessed at 2017-06-28; "Besser ohne Staat" Die Zeit (13 Jan. 2010), accessed at 2017-06-28; "Wozu Rettingspakete?" Schweizer Monat (Dec. 2008), accessed 2017-06-28.
  34. ^ eigentümlich frei website, accessed at 2017-06-21
  35. ^ M.N. Rothbard, Die Ethik der Freiheit (4th ed., 2013)
  36. ^ M.N. Rothbard, Das Schein-Geld-System Archived 2017-08-31 at the Wayback Machine (2nd ed., 2005)
  37. ^ R. Raico, Die Partei der Freiheit (1999)
  38. ^ L.v. Mises, Die Bürokratie (3rd ed., 2013)
  39. ^ G. de Molinari, Produktion von Sicherheit (2015)
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