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All times central time. All events held at the Mises Institute; see directions, end of schedule. Please request copies of papers directly from the presenters.

Assistive Listening Headphones are available at the front desk. Complimentary refreshments between sessions, and dinners, in Hogan Graduation Area (covered outdoor area). To preorder Chick-l-A boxed lunches, sign up in Hogan Graduation Area (covered outdoor area).

Please turn off cell phones during sessions. ASC receipts are available at the registration table in Ward Library after 10:00 a.m. on Friday.

REMINDER: Daylight Saving Time begins on Sunday, March 13. Remember to set your clocks ahead one hour on Saturday night.

THURSDAY, March 10

9:009:15 a.m. Shuttle from AU Hotel and GameDay Center to Mises Institute. Coffee, juice, and doughnuts.

9:3011:-00 a.m. Authors Forum(Wolfe lecture Hall) Chair:Mark ThornTon, Mises Institute) Tragedy o the Euro and Deep Freeze, PhiliPP Bagus Nullifcation and Rollback, ThoMas E. Woods, Jr. The Capitalist and the Entrepreneur,PETEr g. klEin The Worldview o Rothbard,gErard CasEy Money, Sound and Unsound, JosEPh T. salErno Walk Away: The Rise and Fall o the Home-Ownership Myth,douglas FrEnCh An Essay on Economic Theory: An English Translation o Richard Cantillons Essai sur la Nature

du Commerce en General, Mark ThornTon (WiTh ChanTal sauCiEr)

11:15 a.m.12:15 p.m. Murray N. Rothbard Memorial Lecture (Wolfe lecture Hall)Philipp Bagus (University Rey Juan Carlos) Eliminating Monetary Externalities

12:151:30 p.m. Lunch on your own (Chick-Fil-A boxed lunch for sale outside back)

1:303:00 p.m. S1 Economic Theory I (Wolfe lecture Hall) Chair:roBErT Mulligan (Western Carolina University) FiatMoneyCannotLast.OrCanit?ThorsTEn PollEiT (Frankfurt School of Business) TwoTheoreticalApproachestoHumanBehaviorandSocialInstitutions.JaviEr aranzadi

(Universidad Autnoma de Madrid)

IncentivesinEconomicTheory.MaTT MCCaFFrEy (University of Angers) ANoteonRothbardianDecision-MakingRents.vladiMir ToPan(AcademyofEconomic

Studies, Bucharest)

3:15-4:45 p.m. S2 Economic Theory II (Wolfe lectureHall)

Chair:Paul CWik(MountOliveCollege) TheTrojanHorseofHappinessResearch.ThoMas dilorEnzo (Loyola University Maryland) ThePureTimePreferenceTheoryofInterestandItsEnemies.JEFFrEy hErBEnEr

(Grove City College)

EntrepreneurshipasaNexusofEnterprise.gaBriEl a. giMEnEz-roChE (Champagne

School of Management) WhenDidIndiaDe-Socialize?g.P. Manish(Suffolk University)

5:006:00 p.m. Mises Memorial Lecture (Wolfe lecture Hall)

Helio Beltro (Mises Institute, Brazil) Austro-Libertarianism as a Starsh

6:00 p.m. Buffet Dinner at the Mises Institute

7:008:00 p.m. Shuttle from Mises Institute to AU Hotel and GameDay Center every 15 minutes

FRIDAY, March 11

8:30 and 8:45 a.m. Shuttle from AU Hotel and GameDay Center to Mises Institute. Coffee, juice, and doughnuts

9:0010:00 a.m. F.A. Hayek Memorial Lecture (Wolfe lecture Hall)William Butos (Trinity College) Hayekian Social Orders and Institutions

M a r c h 1 0 1 2 , 2 0 1 1L u d w i g v o n M i s e s I n s t i t u t e

A u b u r n , A l a b a m a

FINAL

SCHEDULE

Ludwig von Mises Institute, 518 West Magnolia Avenue, Auburn, Alabama 36832

phone 334.321.2100 Mises.org contact@mises.com

AustrianScholars

Conference

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10:1511:45 a.m. S3 I. Explorations in Macroeconomics and Finance (Wolfe lecture Hall)

Chair:TiMoThy TErrEll (Wofford College) DidIncreasedRequiredReservesProlongtheGreatDepression?JEFFrEy hErBEnErand

shaWn riTEnour (Grove City College) TheCentralFallacyofKeynesianEconomics.roBErT F. Mulligan(Western Carolina

University)

Futures,PricesandProduction. XaviEr MEra (University of Angers) InternationalFinancialReportingStandards:ItsAboutSovereignty.WarrEn d. MillEr

(BeckmillResearch)

S4 II. Economic Policy (condon lectureHall)

Chair:ThoMas J. dilorEnzo (Loyola University Maryland) NoPolicy,JustRents:AnInsidersPerspectiveonUSAgriculturalSubsidies.TylEr WaTTs

(Ball State University) and and lEs WaTTs(Eads,Colorado) Homervs.Prohibition.Mark ThornTon (Mises Institute) TheBestArgumentsforTradeProtectionandWhyTheyAreWrong.Mark Brandly

(Ferris State University)

TheImplicationsofSubjectivismforEconomicPolicy.Marian EaBrasu (ChampagneSchool of Management)

11:45 a.m. 1:00 p.m. Lunch on your own (boxed lunch for sale outside back)

1:002:30 p.m. S5 I. Business Cycle Theory I (Wolfe lectureHall) Chair:WilliaM BuTos(TrinityCollege) HayeksRelevancefor21st-CenturyBoom-BustandRecession-Recovery.John CoChran

(Metropolitan State College of Denver)

AReformulationofAustrianBusinessCycleTheoryinLightoftheFinancialCrisis.

JosEPh T. salErno(PaceUniversityandMisesInstitute) TheLiquidationPhase:ACorporateView.Paul CWik(MountOliveCollege) and harry vErysEr, Jr. (University of Detroit, Mercy) ANeoclassicalArgumentfortheAustrianBusinessCycle.Paul a. ClEvEland

(Birmingham-Southern College)

S6 II. Law and Property (condon lecture Hall)

Chair: PEr

Bylund

(University of Missouri) StructureofProductionofFreeMarketAdjudication.gil guillory(Houston,TX) ErraticEnforcement:ASurveyofAssetForfeiturePracticesinMissouri.John PaynE (TheShow-MeInstitute)

SurfaceWaterAllocationinAlberta:LessonfromtheEconomicCalculationDebate.

danny g. lEroy (University of Lethbridge)

2:454:15 p.m. S7 I. Studies in Intellectual History (Wolfe lecture Hall)

Chair:JosEPh T. salErno(PaceUniversityandMisesInstitute) Robbinsvs.Harrod:TheWarOverEpistemology,1938.gary norTh(GaryNorth.com) CanConservativesbeLibertarians?CanLibertariansbeConservatives?gErard CasEy

(University College Dublin)

FrankH.Knight:TheForgottenAustrian.PETEr g. klEin(University of Missouri)

S8 II. Property, Institutions, and Growth (condon lecture Hall)

Chair:Mark ThornTon (Mises Institute) IsHarmofaReciprocalNature?TheOutcome-orientedEquilibriumThoughtBehindthe

CoasianThesis.Mo zhihong(BeijingUniversityofTechnology) MovingTowardaPrivateTransportationSystem.TraCy MillEr (Grove City College) PublicProperty? lloyd P. gErson(UniversityofToronto) HowLudwigvonMisesDispelsCurrentMythsAboutCapitalism.andrius valEviCius

(University of Sherbrooke)

4:306:00 p.m. S9 I. Business Cycle Theory II (Wolfe lecture Hall)

Chair:PhiliPP Bagus(UniversityReyJuanCarlos)

TheMonetaryContractionof2008/09:AssessingUKMoneySupplyMeasuresinLight of the Financial Crisis. anThony J. EvanTs(ESCP-EAP)and ToBy BaXEndalE(UK) RiskandRecovery.roBErT C.B. MillEr(FormerSeniorFellow,InstituteofEconomic

Affairs)

ThePhillipsCurveasanArtifactofAustrianBusinessCycleTheory.roBErT F. Mulligan(Western Carolina University)

OntheStructureofProduction.Jrg guido hlsMann (University of Angers)

S10 II. Spontaneous Order (condon lecture Hall)

Chair:rodEriCk T. long (Auburn University) WomenandtheInvisibleFist:HowViolenceAgainstWomenEnforcestheUnwritten

LawofPatriarchy.CharlEs Johnson (Molinari Institute) InvisibleHandsandIncantations:TheMysticationofStatePower.rodEriCk T. long

(Auburn University)

Commentators:nina BrEWEr-davis(Auburn University), rEshEF agaM-sEgal(AuburnUniversity)

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6:007:00 p.m. Buffet Dinner at the Institute

7:008:00 p.m. Shuttle from Mises Institute to AU Hotel and GameDay Center every 15 minutes.

SATURDAY, March 12

9:00 and 9:15 a.m. Shuttle from AU Hotel and GameDay Center to Mises Institute. Coffee, juice, and doughnuts.

9:3011:00 a.m. S11 I. History of Thought (Wolfe lecture Hall)

Chair: JEFFrEy hErBEnEr (Grove City College) TurningtheWorldUpsideDown:CantillonandtheMeaningofEntrepreneurship.

Mark ThornTon (Mises Institute) and ChrisToPhEr BroWn(Swinburne University) MoneyProperandMoneySubstitutesinMisessThought.Malavika nair(Suffolk

University)

BhimraoRamjiAmbedkarandIndianEconomicThought.ChandrasEkaran Balakrishnan(Government of India)

Rothbardvs.LeoStraussandHayek.roBErTa Modugno(RomaTRE)

S12 II. Panel on Secession and Disunity (condon lecture Hall)

Chair: MikE ChurCh(Sirius/XMRadio) TheFoundingFathersofConstitutionalSubversion.ThoMas dilorEnzo (Loyola University

Maryland)

StatesRightsvs.NationalWrongs:TheTenthAmendmentAwakening.Marshall dErosa(Florida Atlantic University)

Size,Scale,andAmericanRepublicanism.donald livingsTon(EmoryUniversity) UnbreakableUnion.yuri MalTsEv (Carthage College)

11:15 a.m.12:15 p.m. Henry Hazlitt Memorial Lecture (Wolfe lecture Hall)

David Stockman (Former Budget Director) The Forgotten Cause of Sound Money

12:151:30 p.m. Lunch on your own (boxed lunch for sale outside back)

1:303:00 p.m. S13 I. New Developments from the Missouri School (Wolfe lecture Hall)

Chair:PETEr g. klEin(University of Missouri) TheFirmandStrategicFactorMarkets:theRoleoftheFirmintheCreationofFactor

Markets. PEr l. Bylund(University of Missouri) JudicialDecision-Making:AnAustrianPerspective.ChrisToPhEr M. holBrook (University

of Missouri)

TheEmergenceandLimitsoftheFirm:AnEntrepreneurialApproach. Jong Chul Won(University of Missouri)

MonetaryDisequilibriumTheoryandBusinessCycles:AnAustrianCritique.kEnnETh a. zahringEr(University of Missouri)

S14 II. Historical Perspectives on Liberty and Tyranny (condon lectureHall)

Chair:ToM Woods (Mises Institute) TheRevoltoftheComuneros:ARevisionistPerspective.PETEr C. EarlE(FINAGEM,LLC) BarbedWireSecurityandtheHeartoftheModernState:TheOriginsofMass

Internment, 18951933. hunT ToolEy (Austin College) ANietzscheanCritiqueoftheState.MaTThEW allEn MillEr(Florida State University) Iraq,Afghanistan,WarandMoney:ALookatTwoPresidencies. anThony grEgory (TheIndependentInstitute)

3:154:45 p.m. S15 I. Ethics, Law, and the Firm (Wolfe lecture Hall)

Chair:MaTThEW MCCaFFrEy (University of Angers) TheVanishingTrial:AHayekianPerspective.gEorgE J. WEndT(TulaneUniversity) NewTestamentTheologyoftheState.norMan horn(UniversityofTexas,Austin) IsLibertarianismCompatiblewithReligion?laurEnCE M. vanCE (Francis Wayland Institute) TheFirmasExtra-MarketSpecialization.PEr l. Bylund(University of Missouri)

S16 II. Socialism, Racism, and Method (condon lecture Hall) Chair:rodEriCk T. long (Auburn University) SocialistRootsofAfrmativeAction.andrEi znaMEnski (Alabama State University) TheMasterRace:RacialistLegaciesofProgressivism.WilliaM andErson (Frostburg State

University)

TheRhetoricofEconomics.gusTavo E. MorlEs(UniversityofPhoenix) WhetherMisessUseofa priori isKantianorAristotelian.WarrEn orBaugh (Universidad FranciscoMarroquin)

5:00 p.m. Lou Church Memorial Lecture in Religion and Economics (Wolfe lectureHall)Mustafa Akyol (Turkish Daily News) The Commercial Heritage and Contribution of Islam

6:00 p.m. Awarding of the Lawrence Fertig Prize and closing remarks: douglas FrEnCh (Mises Institute)

6:15 p.m. Buffet Dinner at the Institute

7:158:00 p.m. Shuttle from Mises Institute to AU Hotel and GameDay Center every 15 minutes.

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Directions from Auburn University Hotel to Mises Institute

Fromfrontofhotel,turnrightontoCollegeStreetandleftatsecondlightontoMagnoliaAvenue.

Goone-halfmile,pastMcDonalds,Chick-l-A,andArbys.TurnrightatthetrafclightattheintersectionofMagnoliaandDonahueDrive.

TurnleftontoGeneldaAvenue(one-waystreetwithnotrafclight,justpastGameDayCenter).FollowGeneldauntilitturns

left and becomes Ann Street.

GopastTerraceGardenApartmentsandtheMisesInstituteparkinglotisontheleft.

Contact Information

MisesInstitute334.321.2100

AUHotel334.821.8200

PatBarnettcell334.332.5844

Express-85AirportShuttleService334.887.8595(24-houradvancereservationsrequired)

TigerTaxi334.444.4444

The Mises Institute bookstore will be open from 8:00 a.m. 6:30 p.m. Leave books to be autographed at thecheckoutcounterofthebookstore.PickupautographedbooksinWardLibrary.

Save the date for ASC 2012, March 810.

Submit paper proposals to ASC Director Joseph Salerno

(salerno@mises.com)

Join a Mises email list (mises.org/content/elist.asp) and be the

first to know about events, new books, and more!

Coming Events at the Mises Institute

1. HIGH-SCHOOL SEMINAR IN CHICAGOApril 8 Union League Club of Chicago Sponsored by Jeremy S. Davis

2. THE MISES CIRCLE IN CHICAGO

April 9 Union League Club of Chicago Sponsored by Dr. Don Stacy

3. HIGH-SCHOOL SEMINAR IN AUBURNApril 29 Mises Institute

4. THE MISES CIRCLE IN INDIANAPOLIS

May 14 Indianapolis, Indiana Sponsored by Weaver Popcorn Company

5. HIGH-SCHOOL SEMINAR IN AUBURNJune 10 Mises Institute Sponsored by Jeremy S. Davis

6. ROTHBARD GRADUATE SEMINAR

June 1217 Mises Institute Sponsored by Alice J. Lillie

7. THE MISES CIRCLE IN LAS VEGAS

July 1416 Las Vegas, Nevada

8. MISES UNIVERSITY

July 2430 Mises Institute

9. ANNUAL SUPPORTERS SUMMITSeptember 1923 Vienna, Austria

10. THE MISES CIRCLE AT FURMAN UNIVERSITYOctober 22 Greenville, South Carolina Co-sponsored by Conservative Students

for a Better Tomorrow

11. THE MISES CIRCLE IN NEW ORLEANS

November 5 New Orleans, Louisiana

12. HIGH-SCHOOL SEMINAR IN AUBURN

November 18 Mises Institute Sponsored by Jeremy S. Davis