JOHN P. COCHRAN
Emeritus dean-School of Business
Emeritus Professor of Economics
Metropolitan State University of Denver
Campus Box 13,P.O. Box 173362
Denver, CO80217-3362
, (303) 556-3218, Fax (303) 556-3966
Mises Daily Archive
Bastiat Circle Blog Archive
Applying Capital-Based Macroeconomics: Interview with John P. Cochran
Faculty Spotlight Interview:
Recorded Lectures and Media Appearances:
2012: Hearing entitled “Fractional Reserve Banking and the Federal Reserve: The Economic Consequences of High-Powered Money” Thursday, June 28, 2012 2:00 PM in 2128 Rayburn HOBDomestic Monetary Policy and Technology, at
2011: “Hayek’s Relevance for 21st-Century Boom-Bust and Recession-Recovery” recorded at the Austrian Scholars Conference, March 11
Audio:
Video:
2010: Guest: Devil’s Advocate: Host Jon Caldera. Quantitative Easing II. KBDI, Channel 12 Denver, Colorado, Dec 3, 2010. Taped December 1.See or
2010: Mises Circle: Delusion of Good Government, “Limits of Limited Government: Mercantilism the Unvanquished Foe of Liberty,” Colorado Springs, CO.
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2003 Ludwig von Mises Memorial Lecture; Ludwig von Mises institute
Audio:
Video:
Selected Refereed Publications:
Books
Cochran, John P. and Glahe, Fred R. (1999). The Hayek-Keynes DebateLessons for Current Business Cycle Research.Lewiston, New York: The Edwin Mellen Press. Paperback reprint 2009.
Book Chapters
Cochran, John P. (Forthcoming). “Capital Based Macroeconomics: Austrians, Keynes, and Keynesians” In Coyne, Christopher J. and Boettke, Peter edited Oxford Handbook of Austrian Economics. Oxford University Press.
Journal Articles
Cochran, John P. 2012. “Fractional Reserve Banking and Central Banking As Sources of Economic Instability: The Sound Money Alternative.” Indian Journal of Economics and Business, vol. 11, no. 2: 543-560.
Cochran, John P. 2011. “Hayek and the 21st Century Boom-Bust and Recession-Recovery”Quarterly Journal of Austrian Economics, vol. 14, no. 3 (Fall): 261-285.
Cochran, John P. (2010). “Capital in Disequilibrium: Understanding the “Great Recession’ and Potential for Recovery.”The Quarterly Journal of Austrian Economics, 13, no. 3, 42-63.
Cochran, John P., Yetter, Noah, and Glahe, Fred R. (2004). “Capital-Based Macroeconomics: Boom and Bust in Japan and the U.S.” Indian Journal of Economics and Business, vol. 3, no. 1, 1-16.
Cochran, John P. (2004). “Capital, Monetary Calculation, and the Trade Cycle: TheImportance of Sound Money.”The Quarterly Journal of Austrian Economics, vol. 7, no. 1, 17-25.
Cochran, John P., Call, Steven T. and Glahe, Fred R. (2003). “Austrian Business Cycles: Variation on a Theme.”The Quarterly Journal of Austrian Economics, vol. 6, no. 1, 67-73.
Cochran, John P. (2001). “Capital-Based Macroeconomics: Recent Developments and Extensions of Austrian Business Cycle Theory.”The Quarterly Journal of Austrian Economics, vol. 4, no. 3, pp. 17-25.
Cochran, John P. and Call, Steven T. (2000). “Free Banking and Credit Creation: Implications for Business Cycle Theory.”The Quarterly Journal of Austrian Economics, vol. 3, no. 3, pp. 35-50.
Cochran, John P., Call, Steven T., and Glahe, Fred R. (1999). “Credit Creation or Financial Intermediation? Fractional Reserve Banking in a Growing Economy.”The Quarterly Journal of Austrian Economics, vol. 2, no. 3, 53-64.
Cochran, John P. and Call, Steven T. (1998). "The Role ofFractional Reserve Banking and Financial Intermediation in the Money Supply Process: Keynes and the Austrians."The Quarterly Journal of Austrian Economics. 1(3): 29-40.
Cochran, John P. and Glahe, Fred. (1997) "Praxeology and the Development of Human Capital: The Separation of School and State." Cultural Dynamics 9(2): 255-71.
Cochran, John P. and Glahe, Fred R. (1996). "Privatization True and False: Private Enterprise and Education." Journal of Private Enterprise 12(1), Fall: 108-21.
Cochran, John P. and Glahe, Fred R. (1994). "The Keynes-Hayek Debate: Lessons for Contemporary Business Cycle Theorists."History of Political Economy 26(1), Spring: 69-94.
Cochran, John P. and Glahe, Fred R. (1992). "The Use and Abuse of Equilibrium in Business Cycle Theory: A Praxeological Approach." Cultural Dynamics 5(3): 356-70.
Cochran, John P. and Brown, R, Michael. (1989). "What's Wrong Here?" Economic Inquiry 27(3), July: 541-45.
Review Essays
Cochran, John P. 2012. “Review Essay: A Crisis of Authority: Lemieux’s Somebody in Charge: A Solution to Recessions?” The Independent Review, v. 16, n. 4 (Spring): 1-8. At:
Book Reviews
Cochran, John P. (2011). “Keynes Hayek: The Clash that Defined Modern Economics. By Nicholas Wapshott. London and New York: W.W. Norton and Company, 2011.” Quarterly Journal of Austrian Economics, v. 14, n. 4 (Winter), 81-85.
Cochran, John P. (2010). “Review of Free Banking: Theory, History, and a Laissez-Faire Model. By Larry Sechrest. Auburn, Alabama: The Ludwig von Mises Institute, 2008. Quarterly Journal of Austrian Economics, 13, no. 3, 120-125.
Cochran, John P. (1998). "Review of CentralBanking in Theory and Practice, Alan S. Blinder, Cambridge and London: The MIT Press, 1998."Quarterly Journal of Austrian Economics, vol.1, no. 4 (winter), pp. 89-92.
Other Refereed/Reviewed Publications
2012. Cochran, John P. “Fractional Reserves and Economic Instability.” Mises Daily, Thursday July 12.
2012. Cochran, John P. “Not Enough Inflation?”Mises Daily, Wednesday, April 25.
2011. Cochran, John P. “The Importance of the Debate on Banking Freedom.” The Cobden Centre for Honest Money and social Progress. May 11.
2010. Cochran, John P. “The Current Crisis: Money, Sound and Unsound.”Daily Article December 9.
2010. Cochran, John P. “Are the Austrians Too Harsh?” Daily Article at October 5.
2009. Cochran, John P. “Return of the Dead Hand”.” Daily Article at ; June 24. 2009.
Cochran, John P. 2009. “A Free and Prosperous Commonwealth.” Daily Article at ; March 6.
Cochran, John P. 2003. “False Hopes, False Fears, and Real Concerns.” Daily Article at ; June 17. ‘Reprinted’ at gold-eagle.com as
and highlighted on prestopundit blog 6/17 at
Cochran, John P. 2003. “Sound Money and the Business Cycle.” ; March 19.
Cochran, John P. 2002. “The Firm in a Free Economy.” January 23.
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Cochran, John P. 2001. “Hayek’s Law and Rothbard’s Wisdom.” August 22.
Cochran, John P. 2001. “The Hangover Theory?” March 16.
Selected Refereed Proceedings and Presentations
Cochran, John P. 2011. "Hayek's Relevance for 21st Century Boom-Bust and Recession-Recovery."
Paper presented at the Austrian Scholars Conference. Ludwig von Mises Institute, March 10-12. Audio at .
Cochran, John P. 2009. “Capital in Disequilibrium: What Can Austrian Business Cycle Contribute to Understanding this Recession and the Potential for Recovery?” Paper presented at the Southern Economic Association Annual Conference, San Antonio, TX, November 21-23.
Cochran, John P. (2003). The Ludwig von Mises Memorial Lecture, “Capital, Monetary Calculation, and the Trade Cycle.” Proceedings of the Austrian Scholars Conference 9, Auburn, Alabama, March 13-15, 15 pages.
Cochran, John P. (2003). “Theory and History: What Does Austrian Business Cycle Theory Have to Say about the ‘Bust’?” Proceedings of the Austrian Scholars Conference 9, Auburn, Alabama, March 13-15, 15 pages.
Cochran, John P. and Call, Steven T. 2001. “Austrian and Real Business Cycle Theory.” Paper presented at the 52nd International Atlantic Economic Conference, 11-14 October.
Cochran, John P. and Call, Steven T. (2001). “Austrian Business Cycles, Plucking Models, and Real Business Cycles.” Proceedings of the Austrian Scholars Conference 7, Auburn, Alabama. March 30-31. 20 pages.
Cochran, John P. (2000). “Sustainable Growth: Hayekian Triangles, Plucking Models and Real Business Cycles.” Paper presented at the International Atlantic Economic Society Meetings, October 15-18, 2000.
Cochran, J.P., Call, S. T. and Glahe, Fred R. (1998) "Injection Effects and Intermediation: Yeager and the Austrians." Presented at the International Atlantic Economic Conference. Boston, October 8-12.
Cochran, John P., Call, Steven T., and Glahe, Fred R. (1998). "Fractional Reserve Banking and the Permanent Semi-Slump." Presented at the Western International Economic Association Meetings, Lake Tahoe, Nevada, July 2.
Akacem, M., Cochran, J.P., and Vorhies, F. (1995). "Privatization in the Oil Sector in the Middle East." Proceedings: Middle Eastern Oil and Gas to 2000 and Beyond: Supply and Demand Issues. Boulder, CO. ICEED, pp. 185-89.
Cochran, J.P. (1990). "Keynes, Marget, the Quantity Equation, and the Current Instability of Velocity." Paper presented at the Western Economic Association Conference, San Diego, Summer.
Non-Refereed Publications and Presentations
2012. Grillin' and Chillin' with Dr. John P. Cochran – “Austrian Economics with a dash of Mises/Hayek.” Liberty On The Rocks (Red Rocks) Happy Hour.
January 16. Sheraton Hotel Lakewood, CO.
2011. Cochran, John P. “Austrian Business Cycle Theory:Is it relevant for Understanding a 21st century boom and bust; recession and recovery? Presentation to the Denver Association of Business Economists, University of Colorado-Denver, March 16.
2010. Cochran, John P. “Our Shortage of Jobs Isn’t From a Lack of Spending.” Letter to Editor. Wall Street Journal. February, 23, p. A18. See
2010. “Another Term for Fed’s Bernanke?” The Denver Post: January, 28, 10B. Letter to the editor. See .
Fleisher, Arthur A., Call, Steven T., and Cochran, John P. 2003. “Speakout: Missing the Point on the ‘Bill of Rights.’ Rocky Mountain News, October 3, p. 44A.
Blog Posts at miese.org: See
Other Research and Scholarly Activity
Working Papers and Work in Progress
Yetter, Noah and Cochran, John P. (2004). “Capital in Disequilibrium: An Austrian Approach to Recession and Recovery.” Ludwig Von Mises Institute Working Paper.
Cochran, John P. and Call, Steven T. (2001). “Austrian Business Cycles, Plucking Models, and Real Business Cycles.” Ludwig Von Mises Institute Working Paper.
Call, S.T., Cochran, J.P., and Glahe, F.R.. 1999. “The Natural Rate of Unemployment: The Role of Monetary Policy Revisited.” Ludwig Von Mises Institute Working Paper.
Education
Ph.D., Economics (Money and Central Banking and Fiscal Policy and Public Finance), University of Colorado-Boulder, 1985
Dissertation Title: The Keynes-Hayek Drama and the Policy Effectiveness Debate Past and Present
Master of Arts, Economics (Economic Theory and Monetary Theory), University of Colorado- Boulder, 1981
Bachelor of Arts, Economics, MetropolitanStateCollege of Denver, 1978
Honors/Awards
“Friend of Economic Education Award.” Presented by the Colorado Council for Economic Education for life-long contributions to economic education and support of CCEE’s mission, November 17, 2010
Senior Faculty, Ludwig von Mises Institute, Fall 2009.
Invited participant Liberty Fund, Inc. “Liberty and the Austrian Business Cycle Theory.
New Orleans, April 19-21, 2007
Marquis Who’s Who in America 56th ed. 2002, 57th Edition 2003, 58th Edition 2004, 59th Edition 2005, 60th Diamond Edition 2006, 61st Edition 2007, 2010.
Who’s Who Among America’s Teachers 7th Edition 2002, 8th ed. 2003-2004, 9th ed. 2004-2005, 10tth ed. 2005/2006
Marquis Who’s Who in American Education 7th edition2006-07 and 8th edition 2007-08.
MetropolitanStateCollege of Denver 2004/05 Distinguished Service Award
Marquis Who’s Who in the World 18th ed. 2001, 20th ed. 2003, 21th ed. 2004, 22th ed. 2005, 24th ed. 2007.
Delivered the Ludwig von Mises Memorial Lecture, The Ludwig Von Mises Institute, March 14, 2003, Auburn, Alabama
Golden Key Outstanding Faculty Researcher/Scholar Award MSCD 2002
Adjunct Scholar Ludwig Von Mises Institute, Auburn, Alabama, Spring 1998 to Fall 2009
Earhardt Foundation Scholar, 1982-1985
COURSES TAUGHT
History of Economic Thought, Advanced Macroeconomics, Economic History of Europe, Economic History of the U.S., Intermediate Macroeconomics, Intermediate Microeconomics, Money and Banking, Principles of Economics – Macro and Micro, and A Citizen’s Guide to Economics
Professional Service
2007 Guest Co-Editor with Alexandre Padilla of Indian Journal of Economics and Business Special IssueSymposium on Economic Development, Transition Economics, and Globalization: Austrian and Public Choice Perspectives.
2004 - Present. Editorial Board Member, Quarterly Journal of Austrian Economics.
2002 -Present. Member, Editorial Advisory Board, Indian Journal of Economics and Business.
Professional Memberships
American Economic Association
Western Economic Association International
Society for the Development of Austrian Economics
Southern Economic Association
National Association of Scholars