Alexander William Salter

Texas Tech University - Rawls College of Business

Assistant Professor of Economics

Lubbock, TX 79409

United States

http://awsalter.com

SCHOLARLY PAPERS

50

DOWNLOADS
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Top 6,806

in Total Papers Downloads

5,209

CITATIONS

2

Scholarly Papers (50)

1.

The View from Vienna: An Analysis of the Renewed Interest in the Mises-Hayek Theory of the Business Cycle

Review of Austrian Economics, Forthcoming
Number of pages: 42 Posted: 06 Dec 2013 Last Revised: 03 Feb 2016
Nicolas Cachanosky and Alexander William Salter
Metropolitan State University of Denver and Texas Tech University - Rawls College of Business
Downloads 473 (34,181)

Abstract:

2.

Ben Bernanke and Bagehot 's Rules

Journal of Money, Credit, and Banking, Vol. 47, No. 2-3, 2015
Number of pages: 27 Posted: 27 Aug 2013 Last Revised: 01 Mar 2016
Thomas L. Hogan, Linh Le and Alexander William Salter
Troy University, University of New Orleans and Texas Tech University - Rawls College of Business
Downloads 255 (79,832)

Abstract:

Ben Bernanke, Walter Bagehot, bank bailouts, lender of last resort

3.

Synthesizing State and Spontaneous Order Theories of Money

Advances in Austrian Economics 18 2014
Number of pages: 24 Posted: 03 Sep 2012 Last Revised: 01 Mar 2015
Alexander William Salter and William J. Luther
Texas Tech University - Rawls College of Business and Kenyon College
Downloads 221 (89,784)
Citation 1

Abstract:

chartalism, Knapp, medium of exchange, Menger, money, search, spontaneous order, state theory of money, unit of account

4.

Not All NGDP is Created Equal: A Critique of Market Monetarism

Journal of Private Enterprise 29(1) 2013: 41-52
Number of pages: 13 Posted: 14 Dec 2012 Last Revised: 16 Aug 2014
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 178 (114,998)

Abstract:

free banking, Market Monetarism, market process, monetary disequilibrium, monetary institutions, NGDP

5.

Robust Political Economy and the Lender of Last Resort

Journal of Financial Services Research, Vol. 50, No. 1, 2016
Number of pages: 50 Posted: 06 Apr 2013 Last Revised: 15 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 154 (135,375)

Abstract:

Bagehot, free banking, incentives, information, monetary institutions, New York Fed, private clearinghouses, Richmond Fed, robust political economy

6.

Is There a Self-Enforcing Monetary Constitution?

Constitutional Political Economy, Vol. 25, No. 3, 2014
Number of pages: 33 Posted: 04 May 2013 Last Revised: 16 Aug 2014
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 97 (187,338)
Citation 1

Abstract:

Central banking, constitutional political economy, free banking, monetary constitution, NGDP targeting, robust political economy

A Theory of Why the Ruthless Revolt

Economics and Politics, Forthcoming
Number of pages: 31 Posted: 13 Oct 2015 Last Revised: 03 Jun 2016
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 94 (227,318)

Abstract:

revolution, option games

A Theory of Why the Ruthless Revolt

Economics & Politics, Vol. 28, Issue 3, pp. 295-316, 2016
Number of pages: 22 Posted: 03 Oct 2016
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 1 (560,036)
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Abstract:

8.

A Closer Look at NGDP Targeting: Supply-Side Problems with Demand-Side Policy

Number of pages: 33 Posted: 09 Oct 2014 Last Revised: 14 Aug 2015
Alexander William Salter and Thomas L. Hogan
Texas Tech University - Rawls College of Business and Troy University
Downloads 94 (188,536)

Abstract:

Aggregate Demand Stabilization, Expectations, Monetary Equilibrium, Monetary Policy, NGDP Targeting, Stagflation, Supply Side

9.

Money, Liquidity, and the Structure of Production

Journal of Economic Dynamics and Control, Vol. 73, 2016
Number of pages: 33 Posted: 22 Feb 2015 Last Revised: 15 Mar 2017
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 91 (101,145)

Abstract:

forced saving, monetary policy, optimal stopping times, entry and exit

10.

The Optimal Austrian Business Cycle Theory

Advances in Austrian Economics 20 2016: 45-60
Number of pages: 21 Posted: 11 Nov 2014 Last Revised: 07 Aug 2016
Alexander William Salter and William J. Luther
Texas Tech University - Rawls College of Business and Kenyon College
Downloads 88 (130,594)

Abstract:

Austrian, boom, business cycle, bust, Friedrich A. Hayek, Ludwig von Mises, macroeconomic fluctuation, structure of production, rational expectations

11.

Monetary Equilibrium and Price Stickiness Reconsidered: A Reply to Bagus and Howden

Review of Austrian Economics 25(3) 2012: 263-269
Number of pages: 7 Posted: 29 Jan 2012 Last Revised: 16 Aug 2014
William J. Luther and Alexander William Salter
Kenyon College and Texas Tech University - Rawls College of Business
Downloads 80 (221,072)

Abstract:

Austrian economics, central banking, commodity standard, fiat money, free banking, macroeconomics, money, monetary equilibrium theory, monetary standard, sticky information, sticky prices

12.

Tullock's Challenge: A Reconsideration of Constitutional Monarchy

Procesos de Mercado 11(2) 2014: 51-81
Number of pages: 31 Posted: 07 Jul 2014 Last Revised: 31 Mar 2015
Alexander William Salter and David J. Hebert
Texas Tech University - Rawls College of Business and Troy University - Manuel H. Johnson Center for Political Economy
Downloads 76 (205,088)

Abstract:

Constitutional political economy, democracy, efficiency, monarchy, Liechtenstein

13.

The Imprudence of Macroprudential Policy

Independent Review 19(1) 2014: 5-18
Number of pages: 19 Posted: 04 Dec 2013 Last Revised: 16 Aug 2014
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 75 (242,576)

Abstract:

Austrian business cycle theory, incentive problem, information, knowledge problem, macroprudential, monetary institutions, monetary policy, robust political economy

14.

A Monarchical Perspective on Constitutional Governance: H.S.H. Prince Hans-Adam II of Liechtenstein and the State in the Third Millennium

Journal of Private Enterprise 30(1) 2015: 121-130
Number of pages: 12 Posted: 15 Feb 2014 Last Revised: 01 Mar 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 64 (206,481)

Abstract:

Constitutional political economy, democracy, federalism, monarchy, H.S.H. Hans-Adam II, Liechtenstein, oligarchy, self-determination

15.

A Theory of the Dynamics of Entangled Political Economy with Application to the Federal Reserve

Journal of Public Finance and Public Choice 30(1-3) 2012 [2014]: 77-102
Number of pages: 34 Posted: 13 Aug 2013 Last Revised: 01 Mar 2015
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 63 (248,014)

Abstract:

bailout, constitutional political economy, entangled political economy, Federal Reserve, financial crisis, residual claimant

16.

James Buchanan and Contractarian Anarchy

Journal of Prices & Markets 2(2) 2014: 48-58
Number of pages: 16 Posted: 12 Sep 2013 Last Revised: 16 Aug 2014
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 58 (251,821)

Abstract:

anarchy, Buchanan, federalism, individualism, secession, self-governance, social contract, sovereignty

17.

Rights to the Realm: Reconsidering Western Political Development

American Political Science Review 109(4) 2015: 725-734
Number of pages: 30 Posted: 29 Oct 2014 Last Revised: 29 Dec 2015
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 56 (206,481)

Abstract:

Congleton, constitutional bargains, generality norm, liberalism, property rights, shareholder state

Post-Cameralist Governance: Towards a Robust Political Economy of Bureaucracy

Economic Affairs, Forthcoming
Number of pages: 28 Posted: 19 Aug 2015 Last Revised: 29 Jul 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 55 (310,043)

Abstract:

Bureaucracy, cameralism, jurisdictional competition, post-cameralism, polycentricity, residual claimancy, robust political economy

Post‐Cameralist Governance: Towards a Robust Political Economy of Bureaucracy

Economic Affairs, Vol. 36, Issue 3, pp. 294-308, 2016
Number of pages: 15 Posted: 25 Oct 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0
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Abstract:

bureaucracy, cameralism, jurisdictional competition, polycentricity, post‐cameralism, residual claimancy, robust political economy

19.

Extended Shareholder Liability as a Means to Constrain Moral Hazard in Insured Banks

Quarterly Review of Economics and Finance, 2017, Volume 63: 153-160, GMU Working Paper in Economics No. 15-45
Number of pages: 30 Posted: 13 Aug 2015 Last Revised: 05 Mar 2017
Alexander William Salter, Vipin P. Veetil and Lawrence H. White
Texas Tech University - Rawls College of Business, Nihon University and George Mason University - Department of Economics
Downloads 51 (180,548)

Abstract:

Bagehot Hypothesis, deposit insurance, double liability, moral hazard, triple liability, unlimited liability

20.

Currency Emergence in Absence of State Influence: The Case of Diablo II

Cosmos + Taxis, Vol. 2, No. 2, 2015
Number of pages: 23 Posted: 15 Dec 2013 Last Revised: 31 Mar 2015
Alexander William Salter and Solomon M. Stein
Texas Tech University - Rawls College of Business and George Mason University
Downloads 46 (285,810)

Abstract:

Chartalist, medium of exchange, Menger, money emergence, online societies, state theory of money

21.

Sovereignty as Exchange of Political Property Rights

Public Choice 165(1) 2015: 79-96
Number of pages: 35 Posted: 09 Dec 2014 Last Revised: 12 Dec 2015
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 45 (276,682)

Abstract:

Anarchy, Catallaxy, Constitutions, Politics as exchange, Polycentricity, Sovereignty

22.

Endogenous Currency Formation in an Online Environment: The Case of Diablo II

Review of Austrian Economics 29(1) 2016: 53-66
Number of pages: 22 Posted: 08 Dec 2013 Last Revised: 02 Mar 2016
Alexander William Salter and Solomon M. Stein
Texas Tech University - Rawls College of Business and George Mason University
Downloads 44 (305,611)

Abstract:

Exchange frictions, epistemic frictions, Kiyotaki-Wright, medium of exchange, Menger, money emergence, online societies

23.

Debt Erosion and the Market Process

Economic Affairs 34(3) 2014: 370-378
Number of pages: 12 Posted: 26 Jul 2013 Last Revised: 01 Mar 2015
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 42 (215,061)

Abstract:

debt erosion, constitutional political economy, free banking, monetary constitution, monetary equilibrium theory, market process economics

24.

Aggregates and Methodological Individualism: A Relational Approach

New Perspectives on Political Economy 9(1) 2013: 5-28
Number of pages: 32 Posted: 07 Sep 2012 Last Revised: 16 Aug 2014
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 40 (313,751)

Abstract:

methodological individualism, aggregation, subjectivism, belief, meaning, Austrian economics

25.

Calculating Bandits: Quasi-Corporate Governance and Institutional Selection in Autocracies

Advances in Austrian Economics 19 2015: 193-213
Number of pages: 28 Posted: 07 Oct 2014 Last Revised: 10 Aug 2015
Alexander William Salter and Abigail R. Hall
Texas Tech University - Rawls College of Business and University of Tampa
Downloads 37 (295,326)

Abstract:

Autocracy, Development, Economic Growth, Institutional Selection, Stationary Bandit, Singapore, United Arab Emirates

26.

Would a Free Banking System Target NGDP Growth?

Number of pages: 18 Posted: 29 Apr 2015
Alexander William Salter and Andrew T. Young
Texas Tech University - Rawls College of Business and Texas Tech University - Rawls College of Business
Downloads 35 (232,242)

Abstract:

Central banking, free banking, inflation, monetary constitution, nominal income targeting

27.

Calhoun's Concurrent Majority as a Generality Norm

Constitutional Political Economy 26(3) 2015: 375-390
Number of pages: 26 Posted: 12 Feb 2014 Last Revised: 02 Mar 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 29 (337,208)

Abstract:

Calhoun, concurrent majority, constitutional political economy, federalism, generality norm, majoritarianism, social compact, unanimity

28.

Celestial Anarchy

Cato Journal, Vol. 34, No. 3, 2014
Number of pages: 20 Posted: 17 Jan 2014 Last Revised: 01 Mar 2015
Alexander William Salter and Peter T. Leeson
Texas Tech University - Rawls College of Business and George Mason University - Department of Economics
Downloads 29 (349,970)

Abstract:

Anarchy, Law Merchant, Outer Space Treaty, private governance, property rights, self-enforcing exchange, sovereignty, space commerce, space law

29.

Christian Anarchism: Communitarian or Capitalist?

Libertarian Papers. 4 (1): 151-162, 2012
Number of pages: 15 Posted: 17 Apr 2012
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 28 (343,454)

Abstract:

Christianity, capitalism, socialism, pacifism, Sermon on the Mount

30.

Political Property Rights and Governance Outcomes: A Theory of the Corporate Polity

Journal of Private Enterprise, Forthcoming
Number of pages: 26 Posted: 21 Feb 2015 Last Revised: 12 Dec 2015
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 26 (209,317)

Abstract:

Political property rights, predatory governance, private governance, productive governance

31.

Playing at Markets: A New Austrian Perspective on Macroeconomic Policy

Review of Austrian Economics, Vol. 30, No. 1, 2017
Number of pages: 19 Posted: 09 Jun 2015 Last Revised: 15 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 17 (325,223)

Abstract:

Catallaxy, emergence, institutions, Menger, New Austrian, praxeology

32.

Constitutional Drift and Political Dysfunction: Underappreciated Maladies of the Political Commons

Independent Review 21(4) 2017: 569-585
Number of pages: 24 Posted: 19 Jun 2015 Last Revised: 15 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 15 (278,907)

Abstract:

Constitutions, federalism, feedback, fiscal imbalance, political commons, polycentricity

33.

Dead Ends and Living Currents: Distributism As a Progressive Research Program

Number of pages: 18 Posted: 15 Mar 2017
Gene Callahan and Alexander William Salter
SUNY Purchase College and Texas Tech University - Rawls College of Business
Downloads 0 (319,356)

Abstract:

Catholic social teaching, distributism, price theory, property rights

34.

The Constitution of Economic Expertise: Deep History, Extended Present, and the Institutions of Economic Scholarship

Number of pages: 37 Posted: 01 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (265,870)

Abstract:

Academy, bureaucracy, economics profession, managerial state, New England tradition, progressivism, Whig history

35.

Political Entrepreneurship, Emergence, and the Theory of Constitutional Control

GMU Working Paper in Economics No. 17-09
Number of pages: 33 Posted: 21 Feb 2017 Last Revised: 16 Mar 2017
Alexander William Salter and Richard E. Wagner
Texas Tech University - Rawls College of Business and George Mason University - Department of Economics
Downloads 0 (300,391)

Abstract:

open systems, political entrepreneurship, constitutional control, crooked timber of humanity, paradox of power, emergence

36.

Medieval Representative Assemblies: Collective Action and Antecedents of Limited Government

Number of pages: 37 Posted: 09 Feb 2017 Last Revised: 21 Feb 2017
Alexander William Salter and Andrew T. Young
Texas Tech University - Rawls College of Business and Texas Tech University - Rawls College of Business
Downloads 0 (305,611)

Abstract:

medieval economic history, comparative economic development, medieval constitution, polycentric governance, political property rights, polycentric sovereignty, market-preserving federalism

37.

Money as Meta-Rule: Buchanan's Constitutional Economics as a Foundation for Monetary Stability

GMU Working Paper in Economics No. 16-49
Number of pages: 39 Posted: 08 Nov 2016 Last Revised: 01 Dec 2016
Peter J. Boettke, Alexander William Salter and Daniel J. Smith
George Mason University - Department of Economics, Texas Tech University - Rawls College of Business and Troy University
Downloads 0 (218,059)

Abstract:

Central Banking; James M. Buchanan; Monetary Constitution; Monetary Stability; Federal Reserve; Rule

38.

Emergent Politics and Constitutional Drift: The Fragility of Procedural Liberalism

Number of pages: 27 Posted: 26 Sep 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (399,803)

Abstract:

Constitutional bargain, elite theory, formal constitution, informal constitution, politics as exchange, procedural liberalism

39.

Ordering the Cosmos: Private Law and Celestial Property Rights

Journal of Air Law and Commerce, Forthcoming
Number of pages: 27 Posted: 21 Sep 2016 Last Revised: 09 Nov 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (240,760)

Abstract:

Law merchant, Outer Space Treaty, private law, sovereignty, SPACE Act, space commerce, space law

40.

Private Governance and the Pricing of Political Enterprises

Journal of Business Valuation and Economic Loss Analysis, Forthcoming
Number of pages: 25 Posted: 10 Aug 2016 Last Revised: 26 Nov 2016
Glenn L. Furton and Alexander William Salter
Texas Tech University and Texas Tech University - Rawls College of Business
Downloads 0 (378,547)

Abstract:

Austrian economics, Dubai, market process, political pricing, private governance, Singapore

41.

Money and the Rule of Law

Review of Austrian Economics, Forthcoming
Number of pages: 32 Posted: 06 Jun 2016 Last Revised: 03 Jan 2017
Glenn L. Furton and Alexander William Salter
Texas Tech University and Texas Tech University - Rawls College of Business
Downloads 0 (316,501)

Abstract:

Liberalism, Monetary Institutions, Monetary Policy, Rule of Law

42.

Preventing Plunder: National Defense, Capital Taxation, and Economic Development

Number of pages: 36 Posted: 26 May 2016 Last Revised: 07 Sep 2016
Joshua R. Hendrickson, Alexander William Salter and Brian C. Albrecht
University of Mississippi, Texas Tech University - Rawls College of Business and University of Minnesota - Twin Cities - Department of Economics
Downloads 0 (193,440)

Abstract:

National Defense, Taxation, Growth, Development, Military, Defense Externalities

43.

What You Don't Know Can Hurt You: Knowledge Problems in Monetary Policy

Contemporary Economic Policy, Forthcoming
Number of pages: 31 Posted: 07 Mar 2016 Last Revised: 17 Jan 2017
Alexander William Salter and Daniel J. Smith
Texas Tech University - Rawls College of Business and Troy University
Downloads 0 (216,622)

Abstract:

Central banking, free banking, Hayek, knowledge problem, monetary policy, NGDP targeting

44.

Market-Preserving Federalism as Polycentric Sovereignty

Number of pages: 46 Posted: 22 Feb 2016
Alexander William Salter and Andrew T. Young
Texas Tech University - Rawls College of Business and Texas Tech University - Rawls College of Business
Downloads 0 (267,963)

Abstract:

Market-preserving federalism, Political property rights, Polycentricity, Residual claimancy, Self-enforcing constitutions, Sovereignty

45.

The Personal and the Political: Implications of Constitutional Entrepreneurship

NYU Journal of Law and Liberty 10(2) 2017: 587-607
Number of pages: 22 Posted: 22 Dec 2015 Last Revised: 15 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (349,970)

Abstract:

Constitutional entrepreneurship, rational choice, robust political economy, virtue ethics

46.

Strategic Offsetting Behavior in the NBA: An Analysis of the Effects of the Mikan Rule

Journal of Sports Economics 18(2) 2017: 126-139
Number of pages: 20 Posted: 13 Dec 2015 Last Revised: 15 Mar 2017
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (419,142)

Abstract:

Basketball, economics of sports, Mikan rule, strategic offsetting behavior

47.

Bitcoin and the Bailout

Quarterly Review of Economics and Finance, Forthcoming
Number of pages: 18 Posted: 15 Nov 2015 Last Revised: 24 Jan 2017
William J. Luther and Alexander William Salter
Kenyon College and Texas Tech University - Rawls College of Business
Downloads 0 (232,242)

Abstract:

bitcoin, cryptocurrency, currency competition, medium of exchange, money, payment system

48.

Polycentric Banking and Macroeconomic Stability

Business and Politics, Forthcoming
Number of pages: 41 Posted: 06 Nov 2015 Last Revised: 17 Nov 2016
Alexander William Salter and Vlad Tarko
Texas Tech University - Rawls College of Business and Dickinson College - Department of Economics
Downloads 0 (224,162)

Abstract:

Central banking, clearinghouse, free banking, macroeconomic stability, monetary policy, polycentricity, robust political economy

49.

The Constitution of a Financial System

Number of pages: 26 Posted: 29 Oct 2015
Joshua R. Hendrickson and Alexander William Salter
University of Mississippi and Texas Tech University - Rawls College of Business
Downloads 0 (255,626)

Abstract:

Commodity standard, depositors, extended liability, financial constitution, macroprudential policy, monetary constitution

50.

Some Political Economy of Monetary Rules

Independent Review 23(1) 2016: 443-464
Number of pages: 33 Posted: 08 Oct 2015 Last Revised: 02 Dec 2016
Alexander William Salter
Texas Tech University - Rawls College of Business
Downloads 0 (334,108)

Abstract:

Bennett McCallum, central banking, free banking, John Taylor, Milton Friedman, monetary policy, monetary theory, nominal income targeting, rule of law, rules vs. discretion