JAMES PATRICK GUNNING (March 23, 2003)
Department of Economics
Feng Chia University
100, Wenhwa Road
Taichung, Taiwan 407
Alternate email: firstname.lastname@example.org
Date of Birth: December 13, 1942
Married, one grown child
Teaching and Research Fields
Political Economy -- Public Choice
History of Economic Thought
Economics of Crime and Law
An Economic Approach to Social Interaction and Institutions
Fellowship to Monetary Policy Seminar, sponsored by the Lehrman Institute (1980)
Fellowship to Seminar on Austrian Economics, sponsored by the Institute for Humane Studies (1976)
Fellowship to Seminar on Property Rights, sponsored by the Institute for Humane Studies (1972)
B.A., University of Delaware, Economics, 1965
Ph.D., Virginia Polytechnic Institute & SU, Economics, 1974
University and College Experience
Professor of Economics, American University of Sharjah
Professor of Economics, Sultan Qaboos University (1998-2000)
Professor of Public Finance, National Chung Hsing University, Taipei (1992-1998)
Visiting Associate Professor of Economics, National Tsing Hua University, Taiwan (1991-1992)
Associate Professor of Economics, Associate Professor of Economics, University of Papua New
Visiting Associate Professor of Economics, Ohio University (1989-1990)
Visiting Associate Professor of Justice Law and Society, American University (1988-1989)
Visiting Associate Professor of Economics, University of Central Florida (1986-1987)
Visiting Associate Professor of Economics, Rollins College (1985-1986)
Temporary Associate Professor of Economics, Villanova University (1984-1985)
Visiting Lecturer in Economics, University of Delaware (1983-1984)
Associate Professor of Economics, Texas Wesleyan College (1981-1983)
Assistant Professor of Economics, Albany State College (1980-1981)
Assistant Professor of Economics, Columbus College (1978-1980)
Assistant Professor of Economics, Missouri Western State College (1977-1978)
Assistant Professor of Criminal Justice, University of Missouri, Kansas City (1976-1977)
Assistant Professor of Community Development, The Pennsylvania State University, (1974-76)
Web Pages of Most Recently Taught Courses and Other Teaching Materials
Micro and Macro Economic Theory (at all levels), Modern Political Economy, Public Finance,
History of Economic Thought, International Trade, Austrian Economics, Public Choice, Law and
Economics, Economics of Crime, Political Economy of Crime and Law, Government and
Business, Industrial Organization, Money and Banking, Economics of Property Rights, Law and
Economics, History of Public Finance, Managerial Economics, Health Economics, Comparative
Economic Systems, Financial Institutions, Corporate Finance, Statistics, Intro to Administration
of Justice, Problems of Justice, Philosophy of Law, Criminology, Concepts of Justice, Justice and
Morality, Criminal Behavior, Intro to Community Development, Research Methods in Criminal
Justice, Political Economy of Community Development, Dimensions of Community Systems and
Change, Introduction to Sociology.
Most Recent Teaching Evaluations
Many of these are on my web pages .
"The Praxeological Concept of International Entrepreneurship" in Leo Dana (ed.) Edward Elgar
Handbook on Research in International Entrepreneurship. Brookfield, Vermont: Edward Elgar.(forthcoming)
"How to Be a Value Free Advocate of Laissez Faire: Ludwig von Mises's Solution," American
Journal of Economics and Sociology. (forthcoming)
"Did Mises Err? Was He a Utilitarian?: Reply to Block." American Journal of Economics and
"New Subjectivist Economic Theory and Public Finance." Public Finance and Management.
"What Should We Do About Taiwan." Commentaries on Law and Public Policy.2001. (forthcoming)
"Wise Central Planning?: The Chinese on Taiwan." Commentaries on Law and Economics.
"Ronald Coase's Method of Building More Realistic Models of Choice." Review of Political
Economy. 2001 (forthcoming with Bingyuang Hsiung )
Zrozumie Demokracj: Wprowadzenie do Teorii Wyboru Publicznego. Warsaw: Wysza Szkola
Bankowoci, Finansw I Zarzdzania. 2001. (Polish version of Understanding Democracy: An
Introduction to Public Choice).
"The Property System in Austrian Economics." Review of Austrian Economics. 13:2 , 2000: 179-195.
"Roy Cordato's 'Austrian' Critique of Coase on Social Cost." Review of Austrian Economics.
13:2, 2000: 214-223.
"Herbert J. Davenport's Loan Fund Theory of Capital," Journal of the History of Economic
Thought, Fall, 1998.
"Herbert J. Davenport's Transformation of the Austrian Theory of Value and Cost," Perspectives
on the History of Economic Thought, Volume Fourteen, London: Routledge 1998.
"Herbert Davenport on the Single Tax," American Journal of Economics and Sociology, volume
56, #4, 1997.
"Ludwig von Mises's Transformation of the Austrian Theory of Value and Cost," History of
Economics Review, No. 26 Winter-Summer, 1997.
"The Theory of Entrepreneurship in Austrian Economics,"in Keizer, W., Tieben B. and R. Van
Zijp (eds.), Austrians in Debate, London, Routledge, 1997.
The Failure of the New Subjectivist Revolution: A Critical Essay on the Economic Theory of
Ludwig von Mises's, Fort Myers, Fl. and Taipei, Taiwan: Nomad Press, 1994.
"Entrepreneurists and Firmists: Knight vs. the Modern Theory of the Firm," Journal of the
History of Economic Thought, March, 1993.
"The New Subjectivist Elucidation of Entrepreneurship," Entrepreneurship, Innovation, and
Economic Change, Vol. 1, No. 3, September, 1992.
"The Meaning of Entrepreneurship in Economic Theory: Historical Perspective,"
Entrepreneurship, Innovation, and Economic Change, Vol. 1, No. 2, June, 1992.
"The Meaning of Entrepreneurship in Economic Theory" in Oliga, J. C. and B. K. Tan
(eds.)Proceedings of the ENDEC World Conference on Entrepreneurship and Innovative
Change, Nanyang Technological University, Peat Marwick Entrepreneurship Development
Centre, Singapore, 1991, pp. 128-135.
"Praxeology, Economics, and Ethical Philosophy," in Ebeling, Richard M. (ed.), Austrian
Economics: Perspectives on the Past and Prospects for the Future, Hillsdale, Michigan:
Hillsdale College Press, 1991.
The New Subjectivist Revolution: An Elucidation and Extension of Ludwig von Mises's
Contribution to Economic Theory, Totowa, New Jersey: Rowman & Littlefield, 1990. Now at
Fort Myers, Fl. and Taipei, Taiwan: Nomad Press, 1990.
"Piaget and Social Economy," Review of Social Economy, Winter, 1985.
"Marriage and Investment in Human Capital: A Comment," Southern Economic Journal,
Book Review of W. W. Rostow's The Barbaric Counter-Revolution in Southern Economic
Journal, October, 1984.
"Homogenization of Heterogeneous Resources: A Comment," American Economic Review,
"The Stifling Effect of Unemployment Policies," Freedom and Enterprise, Winter, 1981.
Book Review of Israel Kirzner's Perception, Opportunity and Profit, in Southern Economic
Journal, January, 1981.
"Durability and the Theory of Institutions," in Frontiers of Economics, edited by Gordon Tullock,
"Two Abuses: Drugs and the Pareto Criterion," Public Finance Quarterly, January, 1976.
"How Profitable is Burglary?," in Economics of Crime and Punishment, edited by Simon
"Toward a Theory of the Evolution of Government," in Explorations in the Theory of Anarchy,
edited by Gordon Tullock, 1972.
"An Economic Approach to Riot Analysis," Public Choice, Fall, 1972.
"Understanding Oil Prices," Petrol News, Sultan Qaboos University, Spring and Summer, 1999,
"Rogue Capital and Speculation," Mirat Al J'ama, Sultan Qaboos University, April 2000
Books Being Reviewed or Near Completion
Understanding Democracy: An Introduction to Public Choice (Polish version published in
August, 2001; English version under review by major textbook publisher.)
Praxeological Economics: The Market Economy and Its Method of Study
Praxeological Entrepreneurship and Equilibrium
Knowledge and Entrepreneurship: A Textbook in Microeconomics
Drafts of Papers (on the web)
I have been selective in my submissions of articles for review. As a result much of my work is
unpublished but posted on my extensive collection of web pages. Since it is in a number of
fields, I invite you to review it. Just click on the topic that interests you. Topics in economics are:
Entrepreneurship and the Development of the Austrian Theory of Value and Cost; Equilibrium;
Austrian Welfare Economics; Capital and Interest; Coase; Credit, Money, and Banking ; Public
Choice and Democracy, About or Related to Taiwan
Department of Economics
University of Arizona
Tucson, AZ 85721
Fax: (602) 621-8450
Dennis Olson, Professor
School of Business Management
P.O. Box 26666
Sharjah, United Arab Emirates
School of Social Sciences
GR 31, Bldg. 23
University of Texas at Dallas
Dallas, TX 25000
Professor Bingyang Hsiung
Department of Economics
National Taiwan University
(886) 22 394-4861
Fax: (886) 22 3215704
Go to Professor Gunning's University Pages