Jeffrey M. Herbener

Chair, Professor of Economics
All FacultyEconomics

Contact Information
Phone: 724-458-2204

Jeffrey M. Herbener

What is your educational background?

  • Ph.D. in Economics, Oklahoma State University
  • M.S. in Economics, Oklahoma State University
  • B.S. in Economics, Nebraska Wesleyan University

What are the main focuses of your research?
The main focuses of my research are monetary theory and policy, business cycles, capital and interest theory, the theory of cost, asset valuation, and the Austrian school of economics.

What specific courses or specialties do you teach?

  • American Economic History
  • Austrian Economics
  • Economics Colloquium
  • Financial Markets and Institutions
  • Principles of Macroeconomics

Selected Publications

  • “Time and the Theory of Cost,” in Costs in Economics: Theory, History, and New Directions ed. Matthew McCaffrey (Routledge, 2017).
  • “Toward a Subjective Approach to Appraisement in Light of Austrian Value Theory,” with Dr. David Rapp, Quarterly Journal of Austrian Economics, Vol. 19, No. 1 (Spring 2016).
  • “Forward” to the Chinese language edition of The Pure Time Preference Theory of Interest (2015).
  • “Fed Policy Errors of the Great Depression,” in The Federal Reserve at 100: A Critical Review on the Federal Reserve, eds. Joseph Salerno and David Howden (Springer, 2014).
  • “Comment on ‘A Note on Two Erroneous Ways of Defending the PTPT of Interest’,” Quarterly Journal of Austrian Economics, Vol. 16, No. 3 (Fall 2013).
  • The Pure Time Preference Theory of Interest, (Auburn, Ala.: Mises Institute, 2011).