John D. Mueller

The Lehrman Institute Fellow in Economics

John D. Mueller is the Lehrman Institute Fellow in Economics and Director of the Economics and Ethics Program at the Ethics and Public Policy Center. Mr. Mueller specializes in the relation of modern economic theory to its Judeo-Christian and Greco-Roman origins, its practical application to personal, family, and political economy, and the interaction of economics, philosophical worldviews, and religious faith. He is also an adjunct senior research fellow at the Social Futuring Center.

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John D. Mueller is the Lehrman Institute Fellow in Economics and Director of the Economics and Ethics Program at the Ethics and Public Policy Center. Mr. Mueller specializes in the relation of modern economic theory to its Judeo-Christian and Greco-Roman origins, its practical application to personal, family, and political economy, and the interaction of economics, philosophical worldviews, and religious faith. He is also an adjunct senior research fellow at the Social Futuring Center.

Mr. Mueller retired in January 2015 as president of LBMC LLC, a firm in Washington, D.C. specializing in economic and financial-market forecasting and economic policy analysis. He has more than 35 years’ experience in those fields. Besides investment managers, Mr. Mueller has advised many American and foreign economic policymakers on monetary policy and exchange rates, policies for reducing unemployment, and income-tax, welfare and Social Security reform. He is author of Redeeming Economics: Rediscovering the Missing Element (ISI Books, 2010; updated paperback, 2014). From 1979 through 1988, Mr. Mueller was economist and speechwriter to then-Congressman Jack Kemp, mostly as Economic Counsel to the House Republican Conference (caucus) of which Kemp was chairman. In that capacity he drafted bills originating some key features of President Ronald Reagan’s tax cuts of 1981 and Tax Reform Act of 1986 and of Kemp’s 1988 presidential campaign. Mr. Mueller graduated in 1974 from Haverford College, and after his children completed their education, received his master’s degree in applied economics in 2019 from the University of Maryland, and in 2020 became a doctoral candidate in economics of Corvinus University in Budapest.

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View a video on a special issue of the Society and Economy Journal, featuring commentary from Mr. Mueller:

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Reviews of John D. Mueller’s Redeeming Economics: Rediscovering the Missing Element, ISI Books, Wilmington, DE, 2014 [2010]

Jennifer Roback Morse, “How the ‘A-Team’ Redeems Modern Economics,” The Family in America, Volume 24 Number 3, Summer 2010

Kevin D. Williamson,  “Summa Economica,” National Review, October 18, 2010, Issue

William E. Dean, Journal of Interdisciplinary Studies, XXIII2011: 207-209 (PDF)

David Colander, Middlebury College, Journal of Economic Literature: Vol. 49 No. 3 – Book Review, JEL 2011–0025 (Abstract | PDF)

Joseph Lawler, “A Review of Redeeming Economics,” First Things, January 2011

Kevin Clark, “Redeeming Economics” (PDF)

William English, “Still Awaiting Redemption,” The Intercollegiate Review, Spring 2011, 55-58, First Principles

Ryan T. Anderson, “Dismal Science Redeemed: What’s Gone Wrong,” The Public Discourse, May 4, 2011; “Dismal Science Redeemed: Where to Go from Here,” May 6, 2011

Troy Gibson, “Redeeming Economics, a review,” The Reformed Mind, 23 June 2011

Father John Flynn, L.C., “Can Neo-Scholastics Transform Economy? A Rediscovery of the Human Element on the Horizon,” Zenit.org, September 18, 2011

Matthew McCaffrey, “Surveying Recent Literature on Economic Theory and Morality,” Journal of Markets and Morality, Vol. 15, No. 1, pp. 179-200 (2012)

Brian Douglass, “Ite ad Thomam: John Mueller’s Return to a Solid Foundation for Economics,” The Distributist Review, 2012

J. Daniel Hammond, Wake Forest University, Faith and Economics, 59 (Spring 2012): 73-77

Rev. James V. Schall, S.J., “Economics—When the Truth Really Matters,” Aleteia, November 22, 2014

Tamás Halm, Közgazdasági Szemle (monthly journal of economics of the Hungarian Academy of Sciences), 2017

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Peer-Reviewed Journal Articles and Submissions

Social Futuring, Modern and Ancient (PDF)

Submitted to World Futures: The Journal Of New Paradigm Research

Rueff’s Laws of Unemployment and Inflation (PDF)

Submitted to Theoretical Economics

Recession and Depression

Published in American Governance (2016)

Federal Budget Deficit

Published in American Governance (2016)

Comment on Michael V. Szpindor Watson’s “Mueller and Mises: Integrating the Gift and ‘Final Distribution’ within Praxeology”

Published in Quarterly Journal of Austrian Economics 18, no. 2 (Summer 2015)

The ‘Missing Element’ in Modern Economics

Published in Quarterly Journal of Austrian Economics 18, no. 2 (Summer 2015)

Why “AAA Economics” Has Legs

Mueller, J. (2013), “Mueller’s redeeming economics”, A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 31A), Emerald Group Publishing Limited, pp. 109-118.

Mueller, J. (2013), “Mueller’s redeeming economics”, A Research Annual (Research in the History of Economic Thought and Methodology, Vol. 31A), Emerald Group Publishing Limited, pp. 109-118.

Finn’s “Nine Libertarian Heresies” and Mueller’s First Lemma: Economists Complain Exactly Insofar as They Are Unable to Explain

Published in Journal of Markets and Morality 14, no. 2 (2011)

How Does Fiscal Policy Affect the American Worker?

Published in The Notre Dame Journal of Law Ethics and Public Policy (Vol. 20, No. 2, Spring 2006, pp. 563-619) (2006)

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AAA Index

Resources coming soon.

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The Asian Bubble Trouble

John D. Mueller

  OUR GREAT DIFFICULTY IN UNDERSTANDING the Asian financial bubble and its implications for the United States is not that…

Articles

Three New Papers on "Privatizing" Social Security, One Conclusion: Bad Idea

John D. Mueller

Three New Papers On “Privatizing” Social Security, One Conclusion: Bad Idea by John Mueller Senior Vice President & Chief Economist…

Articles

 

Can Financial Assets Beat Social Security? Not in the Real World.

John D. Mueller

Can Financial Assets Beat Social Security? Not in the Real World. a report by John Mueller Senior Vice President &…

Articles

 

If Economic Growth Falls to 1.4%, What Happens to the Stock Market?

John D. Mueller

If Economic Growth Falls to 1.4%, What Happens to the Stock Market? Answer: 1.5% Average Real Returns in the Next…

Articles

The Economics of Pay-As-You Go Social Security, and the Economic Cost of Ending It.

John D. Mueller

The Economics of Pay-as-you-go Social Security, and the Economic Cost of Ending It a report by John Mueller Senior Vice…

Articles

 

A Challenge to Conventional Labor-Market Wisdom; The "Wedge" versus "Social Wage" (Comment)

John D. Mueller

The findings of this study were highlighted in a July 1994 Financial Times piece by Samuel Brittan; click here to view…

Articles

LBMC Report / May 2, 1994

How Can Wages Fall While Unemployment Rises?

John D. Mueller

There’s only one possible answer: transfer payments to persons who are not employed; “Rueff’s Law” holds up for 70 years….

Articles

 

Why Devalue?

John D. Mueller

Almost all industrial countries today are suffering from permanent unemployment, and most are suffering from currency instability. The two problems…

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The Curse of Being a Reserve Currency

John D. Mueller

The European monetary system is breaking down for the same reason the gold-exchange standard in 1931 and the Bretton Woods…

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John Paul II’s "Renewal" of the Church’s Economic Thought

John D. Mueller

My task is to serve as a springboard for discussion of the economic thought of John Paul II. Even apart…

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The World’s Real Money Supply

John D. Mueller

Government reports of dropping GNP confirm what most forecasters a year ago said wouldn’t happen: a mild recession.  Ignoring the…

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CPI at 7%? Bet Your Reserve Dollar

John D. Mueller

The “surprise” jump in producer and consumer price inflation is not a surprise when you understand the political and economic…

Articles